The Bestselling Book That Goldman Sachs Does Not Want You to Read
New York Times bestselling book BILLION DOLLAR WHALE reveals inside story behind new U.S. Justice Department charges against former Goldman Bankers in 1MDB financial scandal and its mastermind, Jho Low
NEW YORK, Nov. 2, 2018 /PRNewswire-PRWeb/ -- For three years, Wall Street Journal reporters Tom Wright and Bradley Hope have investigated one of the largest financial heists in history. Its mastermind was a man named Jho Low, now an international fugitive.
In their "extraordinary" (Financial Times) #1 international bestseller, Billion Dollar Whale: The Man Who Fooled Wall Street, Hollywood, and the World (Hachette Books, September 18, 2018), Wright and Hope detail the central role former Goldman Sachs partner Tim Leissner played in the 1MDB scandal, one of the world's largest financial schemes.
Yesterday, the Justice Department unsealed a three-count criminal indictment, naming Tim Leissner and other Goldman bankers as co-conspirators. The indictment alleges Leissner and others at Goldman kept the fraud from the bank's compliance department and committees meant to catch malfeasance.
Leissner is the most senior Goldman banker to be arrested since 1989 when executive Robert Freeman was led off the trading floor in handcuffs, later convicted of a crime related to insider trading. This is one of the only instances in the past decade in which federal prosecutors have filed criminal charges against senior officials at a major bank.
"An epic tale of white-collar crime on a global scale" (Publishers Weekly, starred review), Billion Dollar Whale reveals the inside story behind the Justice Department's indictment, detailing exactly how this young social climber pulled off one of the 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. Federal agents who helped unravel Bernie Madoff's Ponzi scheme say the 1MDB affair will become the textbook case of financial fraud in the modern age.
As revelations in the 1MDB case continue to break, Billion Dollar Whale joins the ranks of Liar's Poker, Den of Thieves, and Bad Blood as a classic harrowing parable of the financial world, hubris, and greed.
SOURCE Hachette Book Group USA
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