“If you like global intrigue, financial crime, wealth porn, and absurdity, Billion Dollar Whale, by Tom Wright and Bradley Hope, is for you…. It almost seems made up. Still, anyone who has followed the news out of Malaysia will know that the story is all too real.”
‘Course, I don’t like those things (occurring). But, I do completely understand WHY they do. We’ve touched on human frailty and its tie to greed, scams & financial fraud before. But, man, this one looks to be a doozy. Here’s the summary...
The official Amazon book page descriptor of Billion Dollar Whale:
Named a Best Book of 2018 by the Financial Times and Fortune, this New York Times bestseller about the 1MDB scandal 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, starred review), 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.
One reviewer writes:
“A story so extraordinary and more amazing than fiction.
“Here is life imitating art imitating life, where Leo di Caprio and Scorcese inadvertently fund their Wolf of Wall Street movie with money looted from government of Malaysia! The scandal revolves around a Malaysian con-man with a billion dollars of cash who lines up Britney Spears, Victoria Secret models and A-list celebrities for the most extravagant party ever in Las Vegas.
“Through a bizarre series of events and after effortlessly laundering billions of dollars, the protagonist buys himself a massive yacht and dates Miranda Kerr, protected by a feckless Prime Minister of Malaysia. Stranger than fiction but is true reporting of a tragicomedy at the expense of Malaysian tax payers.”
Here, in 3 1/2 minutes, the Financial Times explains how the 1MDB scandal operated:
However, we’d also encourage you to listen-in as Barry talks to M4 Research’s co-founder, Brad Weinman, about how to NOT be a scammers “sucker;” gullibility, prudent speculation practices, responsible mindsets, the trap of greed, plus much more…
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