Archive for November 28th, 2019

Billion Dollar Whale. The man who fooled Wall Street, Hollywood and the World. Tom Wright & Bradley Hope

Billion Dollar Whale. The man who fooled Wall Street, Hollywood and the World. Tom Wright & Bradley Hope. 2018. ISBN 978031643648.   Two Wall Street Journal journalists and a host of  forensic legal minds have unfolded the swindle of 1MDB. The loss was  to the tune of $13B dollars (2 % of Malaysian GDP) by Jho Low and his cronies ( including Najib Razak the ex Prime minister of Malaysia) , with the assistance of Goldman Sachs, UAE sovereign wealth funds and a host of sleazy corrupt Abu Dhabi royalty plus offshore and Swiss banks.  Of course the biggest crooks seem to not get any judgment at all while the small potatoes get charged. Low was the Whale who thought nothing of multi million dollar gambling nights, parties and debauchery ( which included huge gifts/graft to potential girlfriends, wives, business associates and friends) . His spending makes Crazy Rich Asians look very tame.  None of the money was his, but was swindled from 1MDB.  The depth of crime is sickening, but true.  It is not unique to Malaysia

Category: Finance, History

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