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The “bizarre” (Financial Times) instant New York Times bestseller exposing how a “brand new Gatsby” swindled over $5 billion with the help of Goldman Sachs and others–a “will have to read” (Booklist) tale of finance run amok and “the heist of the century” (Axios).
In 2009, with the dust yet to settle on the financial crisis, a mild-mannered Wharton grad 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. The scandal is referred to as 1MDB, and the man in the back of it, Jho Low, is a figure so preposterous he might seem made up.
“An epic tale of white-collar crime on a global scale” (Publishers Weekly, starred review), Billion Dollar Whale reveals how this young social climber pulled off one of the crucial biggest heists in history. Over a half decade, Low siphoned billions from an investment fund–right under the nose of the global financial industry. 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.
Billion Dollar Whale will sign up for the ranks of Liar’s Poker, Den of Thieves, and Bad Blood as a classic harrowing parable of the financial world, hubris, and greed.