Ratings31
Average rating3.6
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 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 the global financial crisis in 2009 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 the financial world in the twenty-first century.
Reviews with the most likes.
A staggering story. I read a few pieces on 1MDB on WSJ but didn't realize it was such a big scam. Transferring 700 million of the 1 billion fund directly into one's own account in the first month of the establishment of 1MDB is just shocking. And it's only just the beginning.
Quote of the book, Belfort, author of The Wolf of Wall Street, told his wife when he saw how Low spent money in Hollywood
“This is a fucking scam - anybody who does this has stolen money. You wouldn't spend money you worked for like that.”
“These guys are fucking criminals.”
I really hope the global financial system and all the regulatory work as they are designed to.
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