What does the cryptic crossword clue "Stupid man wiped out in financial failures (5)" mean?

This cryptic clue uses wordplay to arrive at the answer. Visit the page for progressive hints — definition, wordplay type, and a full step-by-step explanation.

Stupid man wiped out in financial failures (5)

Independent Cryptic #11895 | 17 Across | 2024-11-23

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