Enjoy 2020 without limits!
Add this book to bookshelf
Grey
Write a new comment Default profile 50px
Grey
Read online the first chapters of this book!
All characters reduced
The Spider Network - How a Math Genius and a Gang of Scheming Bankers Pulled Off One of the Greatest Scams in History - cover

The Spider Network - How a Math Genius and a Gang of Scheming Bankers Pulled Off One of the Greatest Scams in History

David Enrich

Publisher: Custom House

  • 0
  • 0
  • 0

Summary

SHORT-LISTED FOR THE FINANCIAL TIMES BUSINESS BOOK OF THE YEAR 
The Wall Street Journal's award-winning business reporter unveils the bizarre and sinister story of how a math genius named Tom Hayes, a handful of outrageous confederates, and a deeply corrupt banking system ignited one of the greatest financial scandals in history. 
In 2006, an oddball group of bankers, traders and brokers from some of the world’s largest financial institutions made a startling realization: Libor—the London interbank offered rate, which determines interest rates on trillions in loans worldwide—was set daily by a small group of easily manipulated functionaries. Tom Hayes, a brilliant but troubled mathematician, became the lynchpin of shadowy team that used hook and crook to take over the process and set rates that made them a fortune, no matter the cost to others. Among the motley crew was a French trader nicknamed “Gollum”; the broker “Abbo,” who liked to publicly strip naked when drinking; a Kazakh chicken farmer turned something short of financial whiz kid; an executive called “Clumpy” because of his patchwork hair loss; and a broker uncreatively nicknamed “Big Nose.” Eventually known as the “Spider Network,” Hayes’s circle generated untold riches —until it all unraveled in spectacularly vicious, backstabbing fashion. 
Praised as reading “like a fast-paced John le Carré thriller” (New York Times), “compelling” (Washington Post) and “jaw-dropping” (Financial Times), The Spider Network is not only a rollicking account of the scam, but a provocative examination of a financial system that was warped and shady throughout.

Other books that might interest you

  • Look What You made Me Do - Fathers Who Kill - cover

    Look What You made Me Do -...

    Megan Norris

    • 0
    • 2
    • 0
    One Australian woman is hospitalised every three hours and two more lose their lives each week as a result of family violence. But for some women there is a punishment more enduring than injury or their own death.
     
     This book is a timely exploration into the evil done by vengeful fathers who kill their own flesh and blood in order to punish wives who have chosen to end abusive relationships.
     
    Focussing on seven different but equally harrowing cases of ‘spousal revenge’, author  Megan Norris draws on her own observations as a former court and crime reporter, examining the murders of thirteen innocent children who became collateral damage in callous crimes committed by angry dads whose real targets were the children’s mothers.
     
    From the harrowing 1993 kidnap and murder of three-year-old Kelly East in WA, to the chilling murder of Darcey Freeman whose dad hurled her from Melbourne’s West Gate Bridge in 2009, these stories highlight the chilling connection between intimate partner abuse and retaliatory homicide. 
     
    They show it’s not only mothers who are in danger when domestic violence turns deadly.
    Show book
  • The Teacher Who Broke the Rules: An Upsetting Story of Child Abuse Manipulation and Blackmail - cover

    The Teacher Who Broke the Rules:...

    Deborah Dennison

    • 0
    • 3
    • 0
    Debbie is a sensitive little girl. Roped into going to school camp at the last moment, she isn't much looking forward to her week away. 
    Mr Holt is everyone's favourite teacher. Such a funny, jolly man. Everyone loves him. He's everyone's best friend. Even the other teachers look up to him 
    But this apparently kind man hides a shocking secret. He will prey on little Debbie in the vilest way, and control her through threat, manipulation and blackmail. 
    Debbie never wanted to go to school camp. But she has no idea of the hell that is awaiting her on this school trip. 
    When Mr Holt turns his attentions to another girl, Debbie is left with a dilemma – can she find the strength to report the crime? 
    WARNING: This book is based upon a true account of child abuse, and as such contains passages that some readers may find disturbing.
    Show book