Billion Dollar Whale is a non-fiction book written by Tom Wright and Bradley Hope. The book was published in 2018 and tells the story of the 1MDB scandal, which is one of the largest financial scandals in history. The book follows the journey of Jho Low, a Malaysian financier, who managed to embezzle billions of dollars from a Malaysian sovereign wealth fund. The book is a detailed account of how Low and his associates managed to pull off one of the biggest heists in history.
The book starts by introducing the reader to Jho Low, a young Malaysian financier who was born into wealth and privilege. Low was known for his extravagant lifestyle, which included partying with celebrities and spending millions of dollars on luxury items. The chapter also introduces the reader to the 1MDB fund, which was set up by the Malaysian government to invest in infrastructure projects in the country. Low was able to use his connections to gain influence over the fund and eventually become one of its directors.
Chapter 2: The Heist
The second chapter of the book details how Low and his associates were able to embezzle billions of dollars from the 1MDB fund. The chapter describes how Low used his position of influence to siphon off money from the fund and transfer it to bank accounts in various countries. The money was then used to buy expensive assets such as paintings, jewelry, and real estate. The chapter also describes how Low used his connections to buy influence with high-ranking government officials and financial institutions.
Chapter 3: The Cover-UpThe third chapter of the book describes how Low and his associates went to great lengths to cover up their tracks. The chapter describes how they used shell companies and offshore bank accounts to hide the stolen money. The chapter also describes how Low used his connections to silence journalists and investigators who were trying to uncover the scandal. Despite the efforts of Low and his associates, however, the scandal eventually came to light and led to a massive investigation by multiple governments.
Chapter 4: The Aftermath
The final chapter of the book describes the aftermath of the 1MDB scandal. The chapter describes how Low fled Malaysia and is currently on the run from the law. The chapter also describes how the scandal has had far-reaching consequences for Malaysia, including the downfall of the government and the arrest of several high-ranking officials. The chapter ends with a discussion of how the scandal has highlighted the need for greater transparency and accountability in the global financial system.
Conclusion
Billion Dollar Whale is a gripping and well-researched account of one of the largest financial scandals in history. The book provides a detailed look at how Jho Low and his associates were able to embezzle billions of dollars from a Malaysian sovereign wealth fund. The book also serves as a warning about the dangers of corruption and the need for greater transparency and accountability in the global financial system. Overall, this is a must-read book for anyone interested in finance, politics, or just a good old-fashioned tale of greed and corruption.
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