Billion Dollar Whale The Man Who Fooled Wall Street


Billion Dollar Whale The Man Who Fooled Wall Street Hollywood and the World [PDF / EPUB] Billion Dollar Whale The Man Who Fooled Wall Street Hollywood and the World An epic true tale of hubris and greed from two Pulitzer finalist Wall Street Journal reporters Billion Dollar Whale reveals how a young social climber pulled off one of the biggest financial heists in An epic Whale The eBook ↠ true tale of hubris and greed from two Pulitzer finalist Wall Street Journal reporters Billion Dollar Whale reveals how a young social climber pulled off one of the biggest financial heists in history right under the nose of the global financial industry exposing the shocking secret nexus of elite wealth banking Hollywood and politics The dust had yet to settle on Billion Dollar PDF \ the global financial crisis in when an unlikely Wharton grad was 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 Billion Dollar Whale will become a classic harrowing parable about Dollar Whale The Man Who Epub / the financial world in the twenty first century.

  • Hardcover
  • 400 pages
  • Billion Dollar Whale The Man Who Fooled Wall Street Hollywood and the World
  • Tom Wright
  • 07 August 2016
  • 9780316436502

About the Author: Tom Wright

Tom Wright Whale The eBook ↠ was one of the first journalists to arrive at the scene of the raid in which Navy SEALs killed Osama bin Laden In he spearheaded coverage of the collapse of the Rana Plaza factory in Bangladesh which killed over people earning the Wall Street Journal a Sigma Delta Chi award from The Society of Professional Journalists He is a Billion Dollar PDF \ Pulitzer finalist a Loeb winner and has gar.



10 thoughts on “Billion Dollar Whale The Man Who Fooled Wall Street Hollywood and the World

  1. says:

    Being a Malaysian and trying to come up with a perfectly objective review is impossible when it hit so close to home Nothing against to the wonderful people who contributed to this publication But there has never have been a book that filled me with so much rage and disgust Therefore I shall not self censor myself to the barrage of insults that I shall unleash Because at this moment I am too sober and too angry to be niceBillion Dollar Whale is a very readable and well written condensation of the decade long kleptocratic 1Malaysia Development Berhad scam that centered around one pathetic greedy moron called Jho Low The spoiled cowardly manchild who came from a moderately rich family of Penang who dreamed of fame and luxury By sheer luck and his connections to those of wealth and fortune he became a self made crazy rich Asian billionaire Of course none of it would have happened if Mr Low hadn't surround himself with his enablers from middle eastern princes to bankers to Hollywood A listers to politicians who got suck into this web of lies and ill begotten wealth that was funded by and debt paid by us millions of Malaysian taxpayersSadly there will be people who look up to Jho Low Who see him as a genius mastermind who duped everyone for a grand short lived adventure There might be movie being made from this because why not? People showering in Cristal champagne Famous paintings and acuisitions Shopping sprees Paris Hilton Britney Spears Alicia Keys Miranda Kerr Kimora Lee Simmons Nicole Scherzinger Busta Rhymes and of course Leonardo DiCaprio Dumb dumb people being seduced by easy money but who am I to blame them Me someone who only shared the same nationality of the person who fooled them allIt was painfully hard trying not to become numb after seeing countless of millions and billions dollars being thrown about The massive scale and downright ridiculous and thoughtless inhumanity of it all How massive amount of money being dropped and nobody even thought to wonder where they came from Ringgit being depreciated so suddenly Years of us being shackled by massive debt incurred And for what? For paid affection of actors and supermodels? For some pink diamonds and tasteless Birkins? For the respect earned through dirty money borrowed from people duped left and right? Guilt by lifestyle? What bloody hypocrites them all And sheer irresponsibility of it all that unwittingly fell on us millions of voting citizen to turn the tide just to put a crack on it It's not simply about money There are people who have been unjustifiably persecuted missing and dead because of this scandal The unimaginable horror of what would happen if we let this charade continue furtherI hope the future will unravel of the rot I hope the hammer of justice will pull the biggest wallop What goes around comes around

  2. says:

    Bad Blood meets Crazy Rich Asians

  3. says:

    If you have never followed the 1MDB scandal closely you should read this to catch up If you are bored and looking for a good thriller you should read this book If you are Malaysian you should read this book If you work in the finance industry you should read this book If you're looking for Hollywood mixed financial crime scandal you should read this book If you're looking to feel infuriated you should read this bookIn general you should read this book That's it

  4. says:

    This is a hard one to rate the story itself is astounding and outrageous and I think an incredibly important story to know The writing on the other handis a good case study in why journalists are not necessarily authors Full sentences repeated themselves throughout the book countless details re introduced over and over including exciting facts like Bangkok is the capital of Thailand sigh The authors twisted themselves into introducing a cliffhanger at the end of each chapter that was obvious and uncomfortable at best and at worst created discrepancies in the reporting The way Low was portrayed varied uite a bit is he shy or outgoingcharismatic or awkward I'll never know after this book because he was both I also thought there was a missed opportunity to talk about the impact on Malaysia and its people as a whole There were some references throughout the book but I think there is a much bigger story here Recommend reading a long article about this heist instead

  5. says:

    Incredible If you are into true crime the big heist this is the biggest If you are interested in the manipulations of high finance the greed of Wall Street investment banks how money is hidden and manipulated in offshore accounts this is your story If you pay attention to government corruption and malfeasance you’ll be hard put to find a egregious case If you are into over the top unbelievable parties pick up this book If you like to follow the celebrities the Hollywood set they are here Leonardo DiCaprio Jamie Fox Paris Hilton and many many And this story isn’t over Many involved have been caught others have slid by some are in hiding and undoubtedly still pulling stringsOur perpetrator Jho Low is a rather unremarkable looking Malaysian of Chinese ethnicity born into a family of moderate wealth His businessman father invests in him sending him to the Harrow School in England where he can rub shoulders with children of the wealthy from around the world From there he studies at Wharton in the US where he hangs out mostly with the international set making contacts with children of influential parents Ensnaring the influential becomes his modus operandi as his all consuming desire for wealth and status the brazenness of his schemes the craftiness of his methods his ability to find and cultivate relationships with co conspirators who control huge amounts of money make him one of the most remarkable criminals of our time I won’t spoil this book by getting into details but the aftermath continues Just today 2242020 Reuters ran an article regarding the financial fallout as Malaysia seeks 75 billion in reparations from Goldman Sachs The author Tom Wright just tweeted about the Thai government’s protection of Jho Low which is causing considerable consternation in that country He has been reported to be hiding out in China now The book left me with a ueasy feeling about how master manipulators like Jho Low can so easily subvert global institutions and powerful government figures by offering them a piece of the action Jho Low did significant damage to the economy of an entire country With the United States now being led by an amoral real estate promoter who controls his attorney general like a trained dog the chances of similar shenanigans in the US hardly seem farfetched

  6. says:

    Its hard to put down this book as if the stories were fantasies The heist commited by Jho Low is definitely bigger than Bernie Maddoff ponzi scheme well at least Bernie’s inverstors got their ‘profits’ backJho Low represents a desperate figure who wants companionship recognition and love even if it is fake through money His acts cowardly hiding behind without holding an official position in 1MDB undoubtedly shady but not a problem for a stupid prime minister like Najib at that time Low’s scheme perfectly summarized in the page 371 “he sensed that the world’s largest banks it’s auditors and its lawyers would not throw up obstacles to his scheme if they smelled profits”Thank you to Tom Wright and Bradley Hope for writing this book I would probably need to smuggle it if Najib wasn’t defeated back in May 2018 I hope that the publisher would consider releasing a cheaper version and maybe translate into the Malay language so that Malaysians can read this book

  7. says:

    First of all the author makes this clear at the end but not nearly clear enough This is not a story about some random Malaysian conman it's a story about Goldman sacks and hollywood and the Saudis and how greed allowed someone to lie and cheat his way to partying with Leonardo DiCaprio and Paris Hilton Everyone can be bought That's the moral of the story There was some hyperbole here on the financial crime Though Wright tries several times he's not uite able to pull off a great explanation for why this crime was uniue or even a crime besides the fact that it didn't work out Also he seems to want to paint all the foreigners as corrupt and shady but he goes light on all of Low's legal and banking helpers in America and all the money they made on him I don't believe in the bad guy story of finance I think we have the system we want Low was just shadier than the average investor and less scrupulous And he didn't make his investors rich which I guess is why he's on the run now Also the money they throw around and by they I mean all the hollywood stars and actors in the nightclubs is obscene Disgusting 2 million in alcohol purchases in one night? Millions in casinos? I mean it's revolting and yet we allow it There is no reason for it

  8. says:

    Since the publication of All The President’s Men Barbarians At The Gate and Too Big To Fail there have been few books of this genre that have gripped the imagination of the reader – until the arrival of Billion Dollar Whale A ‘whale’ is a high rolling gambler who consistently wagers large amounts of money High rollers often receive lavish “comps” from casinos to lure them onto the gambling floors such as free private jet transfers limousine use and use of the casinos’ best suitesAcclaimed journalists Tom Wright and Bradley Hope combine to deliver a jaw dropping tour de force that elucidates how the impudence of a rogue individual the intransigence at the highest levels of a rotten kleptocracy and the greedy ingenuity of a Wall Street behemoth all combined to pull off what arguably has to be the most brazen heist in financial historySwindler Fixer Wheeler Dealer Compulsive liar and globe trotter Low Taek Jho Jho Low first appeared as a simmering mist when rumours regarding a possible swindling of money from Malaysia’s sovereign wealth fund 1 Malaysia Berhad “1MDB” for short began doing the rounds As tumultuous events subseuently demonstrated in horrific detail this was no swindling of a routine run of the mill nature associated with the functioning of a Government fund As Mr White and Mr Hope detail with extraordinary clarity 1MDB was representative of a total collapse of governance at multiple levels It was a gargantuan vehicle of personal convenience whose wheels were greased by the lubricants of graft 1MBD was a mother lode of all scams that ultimately resulted in the toppling for the first time ever of the kleptocratic United Malys National Organisation “UMNO” and its strong man Prime Minister Najib Tun Razak At the eye of the storm was Low Taek JhoAmbitious and eager to make his mark in the world of the nouveax rich Jho Low an alumnus of Harrow and Wharton banking on his Ivy League Networks persuaded the Prime Minister of Malaysia to set up a sovereign wealth fund to be named 1MDB The fund was to partner with PetroSaudi a company ostensibly owned by a member of Saudi Royalty Prince Turki What followed as Mr White and Hope illustrate in all its grisly detail is a complex convoluted and conniving structure that resulted in multiple companies being incorporated in various tax havens across the globe through which moneys originally intended to fill the coffers of the fund were systematically and ruthlessly siphoned off by Jho Low and his associatesThe con man proceeded to spray his loot on excesses that are hard to imagine For instance to celebrate his thirty first birthday Jho Low not only stayed at the 25000 per night Chairman Suites of the fifth Floor of the Palazzo Hotel in Las Vegas he also arranged a grand celebration that had for attendance Swizz Beatz Jamie Foxx Leonardo Di Caprio Benicio Del Toro Busta Rhymes Ludacris Chris Brown and hold your breath Britney Spears popping out of a faux cake to wish Low a happy birthdayThis elevation of Jho Low – who otherwise would be deemed to be a parvenu within the circles of an elite – from a virtual nobody into a uber rich multi billionaire splurging 250 million on a luxury yacht Euanimity or 8 million on acuiring jewelry to impress his could be girlfriend Miranda Kerr was facilitated by a phalanx of unscrupulous characters who in a Faustian bargain sacrificed sense at the altar of greedAt the very apex of the pyramid was the former Prime Minister of Malaysia Najib Razak Although unaware of the insidious depth of Jho Low’s macabre motives the politician was none too averse to utilize public funds to both further his electoral prospects and to satiate the inexorable material needs of his high spending preening and strutting wife Rosmah Mansor Having set up a ‘secret’ account for the Prime Minister with Ambank a bank that had ANZ Grindlays as its largest shareholder in March 2013 “Jho Low sent a BlackBerry message to Joanna Yu an employee at Ambank in Kuala Lumpur warning her that “681 American Pies” would soon be arriving from overseas into an account known as “AMPRIVATE BANKING – MR” Very soon a whopping sum of 681 million made its way into the designated account to be used for the purposes of bolstering the chances of the Prime Minister in the ensuing elections of 2013The stash accumulated by Rosmah Mansor was to say the least – jaw dropping “Police raided Kuala Lumpur apartment units owned by Najib’s family and carted out 274 million worth of items including 12000 pieces of jewelry 567 handbags and 423 watches as well as 28 million in cash”To drum up the money for 1MBD and in the process to obtain their own significant cut was the ruthless Wall Street Banking giant Goldman Sachs The duo of ‘Dr’ Timothy Leissner the flamboyant playboy and Chairman South East Asia and Andrea Vella Head of Goldman structured finance business in Asia who between them ensured that “in total over just twelve months the bank had earned nearly 600 million from selling three bonds for the 1MDB Fund – two hundred times the typical fee”A Board of puppets and toothless tigers at 1MDB headed by Shahrol Halmi merely rubber stamping the orders of Jho Low and the Prime Minister contributed to a great extent to the continuing pillage When a contentious Mohammed Bakke Salleh the Chairman of the Fund started raising suspicions he was promptly removed and replaced by another pliant loyalistThree different auditing firms – part of the Big 4s – that completely failed in their duties to detect brazen round tripping and non existent redemption of funds from obscure Cayman Island accountsThe bankers themselves who compromised on all scruples at the prospect of personal enrichment Yak a banker with the BSI Group in Singapore “began to take home around 5 million a year in salary and bonuses than five times his previous earnings binding him to Low the money and adulation too alluring to turn down”Finally the man’s insatiable desire to be drenched in fortune and drown in fame led to a rampant fostering of greed which no amount of monetary resources could curb Spending a staggering 85 million “on alcohol gambling in Vegas private jets renting superyachts and to pay Playboy Playmates and Hollywood celebrities to hang out with them”; renting “a suite of rooms that cost 100000 per month”; “acuired a condominium in New York’s Park Laurel Buildingfor 36 million; spending “2 million euros on champagne” in one single night at Saint Tropez; funding Red Granite a production company co owned by Riza Aziz the step son of Najib Razak and Joey McFarlane that produced the Martin Scorsese directed “Wolf of Wall Street”The heady intoxication fueled by laundered money now began seeping into the exotic world of art “In all between May and September 2013 Low via Tanore bought 137 million in art But Low had picked up such as the Van Gogh as well as works by Lichtenstein Picasso and Warhol and by the end of the year he possessed art worth an estimated 330 million” These precious acuisitions were stashed in the secretive entrepots of the Geneva Freeport – a sanctuary for preserving the material possessions of the ‘uberelite’ way beyond the prying eyes of the taxmanMr White and Mr Hope have left no stone unturned in their uest to both unearth and unleash the truth They have done a fabulous job at that The narrative is laid out in a matter of fact bare bones manner with neither an intention to sensationalize things nor to take biased sides The research is maddeningly methodical and unbelievably extensive One can only imagine the two intrepid journalists sifting through what must have been an Everest of physical and digital depositories This sure is an 8848 meter research of exemplary calibreWhen the dust finally settled on the pilfering plunder and pillage 1MDB was in debt to the tune of a whopping 10 billion with Low and his associates vanishing into thin air At the time of this review Low is a wanted fugitive with an Interpol notice hanging over his head like a Damocles sword Swiftly running out of options the net of justice and the harpoons of infernal hell seem to be closing down upon this invidious whale

  9. says:

    The amount of money being spent casually at the expense of the Malaysian citizens was giving me anxiety The book is clear and well written although it kind of reuire some basic financialeconomic knowledge throughout the pages thanks Google Can’t believe that I’m living through one of the biggest financial heists in history I hope Low and his associates are soon captured and put behind the bars for his massive graft and corruption

  10. says:

    Epic avarice on a global level If you don't think the financial markets are rigged for the rich in corruption that spans continents you need to read this The tie ins to Hollywood and American pop culture gives a new perspective to just how rich these people are and how their greed knows no bounds and their consciences are nonexistant

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