The "extraordinary" (Financial Times) and definitive inside account of the 1MDB scandal, a "must read" (Booklist) "epic tale" (Publishers Weekly) that exposes the secret nexus of elite wealth, banking, Hollywood, and politics from two award-winning Wall Street Journal reporters.
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 modern age--and its fallout is already being credited for taking down the prime minister of Malaysia. To date, there are investigations in Singapore, the United States, and Switzerland, with money-laundering charges filed in Malaysia. Government authorities have seized assets including a mega-yacht, private jet, and millions of dollars in jewelry. A stunning true-tale of hubris and greed, Billion Dollar Whale reveals how one of the biggest heists in history was pulled off--right under the nose of the global financial industry.
What a blast to read! A true life thriller that reads like a Hollywood movie, Billion Dollar Whale traces the exploits of the most mercurial, mysterious big player in history. Jho Low is Gatsby with twice the bank account and ten times the ambition, and the stories surrounding his exploits leap right off the page! - Ben Mezrich, New York Times bestselling author of The Accidental Billionaires and Bringing Down The House
Wright and Hope deliver a scintillating and prodigiously reported tale of a globe-spanning modern Gatsby and his audacious fraud. - Jesse Eisinger, Pulitzer Prize-winning reporter for ProPublica and author of The Chickenshit Club
Billion Dollar Whale does more than dissect a financial fraud of epic proportions; it takes the reader on a fascinating journey inside the heart of a con that was years in the making. Wright and Hope show how perception becomes reality in the hands of a consummate financial illusionist. Billion Dollar Whale proves once again that truth is stranger than fiction. - Gregory A. Coleman, retired FBI Special Agent; Case Agent, "Wolf of Wall Street" Investigation
Even the most skilled fiction writer would have trouble conjuring the corrupt and colorful protagonist of Billion Dollar Whale. Bradley Hope and Tom Wright's gripping portrait of Jho Low and his enablers throughout the global financial system will both fascinate and enrage you. - Sheelah Kolhatkar, staff writer at The New Yorker and New York Times bestselling author of Black Edge