Billion dollar whale : the man who fooled Wall Street, Hollywood, and the world / Tom Wright & Bradley Hope.
Material type:
TextPublisher: New York : Hachette Books, [2018]Copyright date: ©2018Edition: First editionDescription: xvii, 379 pages, 8 unnumbered pages of plates : color illustrations ; 24 cmContent type: - text
- unmediated
- volume
- 9780316436502
- 031643650X
- 364.16/3092 23
- HV6692.L68 W75 2018
- HV6692.L68 H66 2018
| Item type | Current library | Collection | Call number | Status | Date due | Barcode | Item holds | |
|---|---|---|---|---|---|---|---|---|
Book
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Bedford Public Library Non-Fiction | Non-Fiction | 364.163 WRI | Available | 32500001765776 |
Enhanced descriptions from Syndetics:
Named a Best Book of 2018 by the Financial Times and Fortune , this "thrilling" (Bill Gates) New York Times bestseller exposes how a "modern Gatsby" swindled over $5 billion with the aid of Goldman Sachs in "the heist of the century" (Axios).
Now a #1 international bestseller, Billion Dollar Whale is "an epic tale of white-collar crime on a global scale" ( Publishers Weekly ), revealing how a young social climber from Malaysia pulled off one of the biggest heists in history.
In 2009, a chubby, mild-mannered graduate of the University of Pennsylvania's Wharton School of Business named Jho Low set in motion a fraud of unprecedented gall and magnitude--one that would come to symbolize the next great threat to the global financial system. Over a decade, Low, with the aid of Goldman Sachs and others, siphoned billions of dollars from an investment fund--right under the nose of global financial industry watchdogs. Low used the money to finance elections, purchase luxury real estate, throw champagne-drenched parties, and even to finance Hollywood films like The Wolf of Wall Street .
By early 2019, with his yacht and private jet reportedly seized by authorities and facing criminal charges in Malaysia and in the United States, Low had become an international fugitive, even as the U.S. Department of Justice continued its investigation.
Billion Dollar Whale has joined the ranks of Liar's Poker , Den of Thieves , and Bad Blood as a classic harrowing parable of hubris and greed in the financial world.
Part I. The invention of Jho Low -- Part II. Overnight billionaire -- Part III. Empire -- Part IV. Bonfire of secrets -- Part V. The captain's resolve.
"In 2009, with the dust yet to settle on the financial crisis, a baby-faced, seemingly mild-mannered Wharton grad began setting in motion a fraud of unprecedented gall and magnitude--one that would come to symbolize the next great threat to the global financial system. His name is Jho Low, a man whose behavior was so preposterous he might seem made up. An epic true-tale of hubris and greed, Billion Dollar Whale reveals how this young social climber pulled off one of the biggest heists in history--right under the nose of the global financial industry. Federal agents who helped unravel Bernie Madoff's Ponzi scheme say the 1MDB affair will become the textbook case of financial fraud in the modern age--and its fallout is already being credited for taking down the prime minister of Malaysia. With his yacht and private jet reportedly seized by authorities and facing money-laundering charges in Malaysia, an Interpol red notice, and an ongoing U.S. Department of Justice Investigation, Low has become an international fugitive."--Amazon.com.
Reviews provided by Syndetics
Library Journal Review
Wall Street Journal reporters Wright and Hope tell an amazing tale of greed and sovereign corruption. Expanding on their investigative series into Malaysia's investment fund, 1MDB, the authors portray a toxic brew of Hollywood elites for sale, Wall Street, investment banks, and foreign politicians, all willing to look the other way in return for a payout. The book spans the period 1999-2018 and takes readers onto yachts and into private clubs and elite banks. Groomed by their roguish father, the Low children learned how to use offshore bank accounts to divert money. At the University of Pennsylvania's Wharton School, son Jho Low understood finance, partying, and networking. His connections paid off as he aspired to become a billionaire using other people's money. Thanks to his relationship with the stepson of Malaysia's Prime Minister, he latched on to its investment fund, going on a multibillion-dollar spending spree of art, jewels, a yacht, and lavish homes. The book details how the movie The Wolf of Wall Street was financed. When Jordan Belfort, the convicted "wolf," met Low at an extravagant prerelease party, he recognized a fellow con man. VERDICT A juicy and entertaining tale of crime and deception for all collections.-Harry Charles, St. Louis © Copyright 2018. Library Journals LLC, a wholly owned subsidiary of Media Source, Inc. No redistribution permitted.Booklist Review
Ever hear of a guy named Jho Low? No? You're not alone. Although the Malaysian man was behind one of the largest financial scams in history, he and the scam itself are virtually unknown even though he was throwing around money as though he had an unlimited supply of the stuff only a decade or so ago. Written by a pair of Wall Street Journal reporters, this well-researched and well-documented book reveals how Low, who had no credentials apart from a business degree from Wharton, insinuated himself into the Malaysian prime minister's inner circle, came to control hundreds of millions (perhaps billions) of dollars, and attracted celebrity pals from around the world. It reveals how Low used a bag of tricks, including financial fraud, to make himself seem more powerful, more influential, and more successful than he actually was. And it reveals the deep flaws in the Malaysian government that allowed Low to become an unofficial controller of a billion-plus-dollar development fund from which, apparently, he simply stole huge sums of money. For fans of business books about financial misdealings, this is a must-read.--David Pitt Copyright 2018 BooklistAuthor notes provided by Syndetics
Tom Wright is a an author who is a New York Times Book review Editor's Choice Recipient, Crime Writer's Association Dagger - New Writer Category Award Winner and Wall Street Jornal Article - making the Inside the Beltway List. He won the Nick Enright Prize for Playwriting 2015 with his title BlackDiggers. The award comes with a monetary prize of $30,000.
(Bowker Author Biography)