Why did I love this book?
I loved this book because it is such an incredible example of brave journalism that exposes one of the biggest global financial scandals in history. The book outlines an intricate web of corruption involving a Malaysian sovereign wealth fund. It draws connections between Malaysia, Singapore, the Middle East, and the United States of America.
I love how they tell the story of an awkward schoolboy who finds a way to make it in with some of Hollywood’s biggest celebrities and some of the most reputable financial institutions, like Goldman Sachs. The book also shows who the “fall people” are, who bear all of the criminal risks while the mastermind, Jho Low, has not been caught.
2 authors picked Billion Dollar Whale as one of their favorite books, and they share why you should read it.
In 2009, with the dust yet to settle on the financial crisis, a fraud of unprecedented gall and magnitude was being set into motion. It began in Malaysia and would spread around the world, touching some of the world's leading financial firms, A-list Hollywood celebrities, supermodels, Las Vegas casinos and nightclubs, and even the art world. Now known as the 1MDB affair, the scandal would come to symbolize the next great threat to the global financial system.
Federal agents who helped unravel Bernie Madoff's Ponzi scheme say the 1MDB affair will become the textbook case of financial fraud in the…