Billion Dollar Whale
The Man Who Fooled Wall Street, Hollywood, and the World
The extraordinary, instant New York Times bestseller. Ultimately, exposing how a “modern Gatsby” swindled over $5 billion. Chiefly, aided by Goldman Sachs. Consequently, a tale of finance run amok. Accordingly, an insight into Hollywood egos. As well as, Investment Bankers greed. Together, supporting what became “the heist of the century”.
It was 2009. With, the dust yet to settle on the financial crisis. In essence, a mild-mannered Wharton grad set in motion a fraud of unprecedented gall and magnitude. Ultimately, it would come to symbolize the next great threat to the global financial system.
The scandal is known as 1MDB. Chiefly, and the man behind it, Jho Low. Markedly, a figure so preposterous he might seem made up.
Billion Dollar Whale is an exceptionally well researched. Consequently, fast-paced and engaging read. The inside story of Jho Low is full of intrigue. Moving, from Hollywood celebrity parties. Too, designer yachts and corporate boardrooms of the leading Investment Banks. Above all, the manipulative lives of politicians and fund managers.
A highly recommended and enjoyable read. Markedly, highlighting everything that is wrong society today. Specifically, greed and materialism. As a result, of the politically motivated. And, money-driven world, we are surrounded by.
CNBC – Malaysia fund charges Goldman Sachs
CNBC 17 Dec 2018: Goldman’s 1MDB mess deepens
Reuters.com Malaysia demanding GS repay $7.5 Billion
CNBC 3 April 2019: Jho Low’s 1MDB-linked superyacht
US returns US$300 million in stolen 1MDB funds to Malaysia
1MDB scandal: US recovers another US$49 million siphoned from Malaysian fund
Yahoo Finance: Goldman-malaysia-sign-final-deal
malaysia-scandal-costs-goldman $2,8bn
Financial Times https: Goldman_pays_up_for_M1DB
The Guardian 7 Feb 2021: arrest-warrant-served-on-uk-law-firm-over-alleged-1mdb-assets
Bloomberg News 10 may 2021: Malaysia-1mdb-sues-2-global-firms-others-to-recoup-23b-assets
Reuters.com: 3 June 2021: malaysia-says-deloitte-paid-80-mln-1mdb-settlement-2021-06-03/
The edge markets.com July 9: 1mdb-and-msian-government-sue-kpmg-partners-us564-billion
The Guardian- Feb 14th 2022 – 1mdb-goldman-sachs-roger-ng-corruption-trial