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Billion dollar whale : the man who fooled Wall Street, Hollywood, and the world

Author: Tom Wright; Bradley Hope
Publisher: New York, NY : Hachette Books, 2018.
Edition/Format:   Print book : Biography : EnglishView all editions and formats
Summary:
Two Pulitzer-finalist Wall Street Journal reporters document the true story of how a young social climber orchestrated one of history's biggest financial heists, exposing the secret nexus of elite wealth, banking, Hollywood and politics. 75,000 first printing.
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Genre/Form: Biographies
Named Person: Jho Low; Jho Low
Material Type: Biography
Document Type: Book
All Authors / Contributors: Tom Wright; Bradley Hope
ISBN: 9780316436502 031643650X 9780316490672 0316490679 9780316453479 0316453471
OCLC Number: 1085542761
Description: 1 vol. (xvii-379 pages, 8 pages de pl. non numérotées) : illustrations. ; 24 cm.
Responsibility: Tom Wright & Bradley Hope.

Abstract:

Two Pulitzer-finalist Wall Street Journal reporters document the true story of how a young social climber orchestrated one of history's biggest financial heists, exposing the secret nexus of elite wealth, banking, Hollywood and politics. 75,000 first printing.

"What does it take to steal $5 billion? 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. His name is Jho Low, a man whose behavior was so preposterous he might seem made up. If Jho Low appeared shy on the surface, behind the scenes he was a big-talking, social-climbing huckster. Barely out of college, Low persuaded the prime minister of Malaysia, Najib Razak, to create an investment fund, known as 1MDB. Directing it from the shadows, Low raised more than $10 billion with the aid of Goldman Sachs and others, and over the next half decade siphoned off billions--money used to finance elections; to purchase luxury real estate; to produce Hollywood films, including The Wolf of Wall Street; and to throw champagne-drenched parties around the world. Low's largesse put him at the center of a world that included celebrities like Leonardo DiCaprio and Jamie Foxx, supermodels like Miranda Kerr, and even a major donor to President Obama. More staggering still, no one seemed to notice--not the global banks, who seemingly turned a blind eye to shady transfers of hundreds of millions of dollars, nor the official financial-system watchdogs. Tom Wright and Bradley Hope, award-winning Wall Street Journal reporters, have broken dozens of stories about the 1MDB affair. Now, for the first time, they reveal the complete inside story of one of the biggest financial heists in history. Billion Dollar Whale will join the ranks of Liar's Poker and Den of Thieves as a classic, harrowing parable of the financial world, hubris, and greed."--Jacket.

In 2009 a mild-mannered Wharton grad set in motion a fraud of unprecedented gall and magnitude. His name is Jho Low, and his behavior was so preposterous he might seem made up. Low persuaded the prime minister of Malaysia, Najib Razak, to create an investment fund, known as 1MDB. Directing it from the shadows, Low raised more than $10 billion while siphoning off billions to finance elections; to purchase luxury real estate; to produce Hollywood films; throwing parties around the world. And no one seemed to notice the shady transfers of hundreds of millions of dollars. -- adapted from jacket.

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