The Spider Network

The Spider Network

Author: David Enrich

Publisher: Virgin Books Limited

Published: 2017-03-23

Total Pages: 352

ISBN-13: 9780753557501

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In 2006, an oddball group of bankers, traders and brokers from some of the largest financial institutions made a startling realization: Libor�e"the London interbank offered rate, which determines the interest rates on trillions in loans worldwide�e"was set daily by a small group of easily manipulated administrators, and that they could reap huge profits by nudging it fractions of a percent to suit their trading portfolios. Tom Hayes, a brilliant but troubled mathematician, became the lynchpin of a wild alliance that included a prickly French trader nicknamed �eoeGollum�e ; the broker �eoeAbbo,�e who liked to publicly strip naked when drinking; a nervous Kazakh chicken farmer known as �eoeDerka Derka�e ; a broker known as �eoeVillage�e (short for �eoeVillage Idiot�e ) who racked up huge expense account bills; an executive called �eoeClumpy�e because of his patchwork hair loss; and a broker uncreatively nicknamed �eoeBig Nose�e who had once been a semi-professional boxer. This group generated incredible riches �e"until it all unraveled in spectacularly vicious, backstabbing fashion. With exclusive access to key characters and evidence, The Spider Network is not only a rollicking account of the scam, but also a provocative examination of a financial system that was crooked throughout.


The Starfish and the Spider

The Starfish and the Spider

Author: Ori Brafman

Publisher: Penguin

Published: 2006

Total Pages: 250

ISBN-13: 9781591841432

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"After five years of groundbreaking research, Ori Brafman and Rod A. Beckstrom share some gripping stories. The Starfish and the Spider argues that organizations fall into two categories: traditional "spiders," which have a rigid hierarchy and top-down leadership, and revolutionary "starfish," which rely on the power of peer relationships. This book explores what happens when starfish take on spiders (such as the music industry vs. Napster, Kazaa, and the P2P services that followed). It reveals how established companies and institutions, from IBM to Intuit to the U.S. government, are also learning how to incorporate starfish principles to achieve success."--BOOK JACKET.


Dark Towers

Dark Towers

Author: David Enrich

Publisher: HarperCollins

Published: 2020-02-18

Total Pages: 477

ISBN-13: 0062878824

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#1 WALL STREET JOURNAL BESTSELLER * NEW YORK TIMES BESTSELLER New York Times finance editor David Enrich's explosive exposé of the most scandalous bank in the world, revealing its shadowy ties to Donald Trump, Putin's Russia, and Nazi Germany “A jaw-dropping financial thriller” —Philadelphia Inquirer On a rainy Sunday in 2014, a senior executive at Deutsche Bank was found hanging in his London apartment. Bill Broeksmit had helped build the 150-year-old financial institution into a global colossus, and his sudden death was a mystery, made more so by the bank’s efforts to deter investigation. Broeksmit, it turned out, was a man who knew too much. In Dark Towers, award-winning journalist David Enrich reveals the truth about Deutsche Bank and its epic path of devastation. Tracing the bank’s history back to its propping up of a default-prone American developer in the 1880s, helping the Nazis build Auschwitz, and wooing Eastern Bloc authoritarians, he shows how in the 1990s, via a succession of hard-charging executives, Deutsche made a fateful decision to pursue Wall Street riches, often at the expense of ethics and the law. Soon, the bank was manipulating markets, violating international sanctions to aid terrorist regimes, scamming investors, defrauding regulators, and laundering money for Russian oligarchs. Ever desperate for an American foothold, Deutsche also started doing business with a self-promoting real estate magnate nearly every other bank in the world deemed too dangerous to touch: Donald Trump. Over the next twenty years, Deutsche executives loaned billions to Trump, the Kushner family, and an array of scandal-tarred clients, including convicted sex offender Jeffrey Epstein. Dark Towers is the never-before-told saga of how Deutsche Bank became the global face of financial recklessness and criminality—the corporate equivalent of a weapon of mass destruction. It is also the story of a man who was consumed by fear of what he’d seen at the bank—and his son’s obsessive search for the secrets he kept.


The Spider's Strategy

The Spider's Strategy

Author: Amit S. Mukherjee

Publisher: FT Press

Published: 2008-09-10

Total Pages: 256

ISBN-13: 013270403X

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To thrive in a world where networks of companies increasingly compete with other networks, managers can no longer focus solely on excellence in planning and execution. In The Spider’s Strategy, top business consultant Amit S. Mukherjee provides the tools you need to sense and respond to unexpected events. He shows why and how managers in your company must apply four powerful “Design Principles” today: Change everyday work practices by embedding “sense and response” within your normal plan-and-execute processes. Promote collaboration across partner companies by establishing practical mechanisms that make “win-win” a basis for action not an empty slogan. Ensure that work really teaches by assuring the culture, processes, and organizational structure to improve your company’s ability to learn. Implement those key technological capabilities that allow the network to function seamlessly. The heart of this book includes proven implementation advice based on conversations with successful innovators at HP, Nokia, and beyond. Mukherjee offers new insight into everything from work practices to culture and corporate organization and shows how to overcome even the most stubborn obstacles to effective collaboration amongst partners.


The Spider

The Spider

Author: Barry Levine

Publisher: Crown

Published: 2020-10-20

Total Pages: 401

ISBN-13: 0593237188

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Who was Jeffrey Epstein? A Pulitzer Prize–nominated journalist unearths never-before-reported details in the most comprehensive account yet of the disgraced financier’s life, death, and criminal web, including the role of Ghislaine Maxwell. An ID Book Club Selection • Featured in the Peacock original documentary series Epstein’s Shadow: Ghislaine Maxwell By now, the basic contours of Jeffrey Epstein’s horrendous crimes—his decades-long serial abuse of young women and underage girls—are familiar. But for all that has been written about Epstein since his shocking death in a lower Manhattan jail cell, an astonishing amount remains unknown. A shy Brooklyn kid turned renegade financier, Jeffrey Epstein never wanted to play by the rules of polite society. He was elusive in life and he has remained just as elusive in death. What is known is that he had amassed nearly $600 million by the time of his death. That fortune allowed Epstein to pursue a privileged, secretive life, jetting between his fortress-like homes in Manhattan, New Mexico, and Little St. James, his private island. Behind these closed doors, Epstein socialized with scientists and world leaders and preyed on powerless young women. In The Spider, Barry Levine shines a light into the darkest corners of Epstein’s world, including • Epstein’s young adulthood and earliest accusations of sexual misconduct • the murky sources of Epstein’s fortune and business dealings • Epstein’s circle of confidantes and employees, particularly the nature of his long relationship with socialite Ghislaine Maxwell • his ties to powerful men, including Bill Clinton, Prince Andrew, Les Wexner, and Donald Trump • Epstein’s last hours as a free man in Paris and the secret operation to arrest him at a New Jersey airport before he could flee • new details on Epstein’s final days in jail and the mystery surrounding his death Featuring rare and never-before-seen photographs, The Spider exposes how Epstein operated and evaded justice for so long—and how he drew so many others into his criminal web.


The Spider and the Fly

The Spider and the Fly

Author: Claudia Rowe

Publisher:

Published: 2017-02-22

Total Pages: 288

ISBN-13: 9781760296285

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Extraordinarily suspenseful and truly gut-wrenching, The Spider and the Fly is not just a superb true-crime story but an insightful investigation of the nature of evil, the fragility of good, and the crooked road that can turn human beings into monsters. A must-read.' GILLIAN FLYNN, author of the #1 New York Times bestseller Gone Girl 'Well, well, Claudia. Can I call you Claudia? I'll have to give it to you, when confronted at least you're honest, as honest as any reporter . . . You want to go into the depths of my mind and into my past. I want a peek into yours. It is only fair, isn't it?' Kendall Francois, serial killer In this extraordinary, white-knuckle account of a series of horrifying true crimes, journalist Claudia Rowe chronicles her disturbing connection with a serial killer convicted of murdering eight women. An enthralling combination of memoir and psychological suspense, The Spider and the Fly reveals Claudia's chilling correspondence with the killer, his shocking confessions and her search to understand the darkness inside us all. 'Part psychological thriller and part gut-wrenching memoir, The Spider and the Fly crosses boundaries on nearly every page. It is chilling, self-revelatory, and unforgettable.' ROBERT KOLKER, author of the New York Times bestseller Lost Girls: An unsolved American mystery 'Claudia Rowe catalogues her obsession with a serial killer so mesmerizingly that before I knew it, I too was obsessed . . . But this is not merely a recounting of a descent, it is equally a memoir of discovery through the lens of potential evil. I literally could not put it down.' ALAN CUMMING, author of the New York Times bestseller Not My Father's Son


Servants of the Damned

Servants of the Damned

Author: David Enrich

Publisher: HarperCollins

Published: 2022-09-13

Total Pages: 416

ISBN-13: 0063142198

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National Bestseller "A powerful and important picture of how mega law firms distort justice."—David Cay Johnston, Washington Post The NYT's Business Investigations Editor reveals the dark side of American law: Delivering a "devastating" (Carol Leonnig) exposé of the astonishing yet shadowy power wielded by the world’s largest law firms, David Enrich traces how one firm shielded opioid makers, gun companies, big tobacco, Russian oligarchs, Fox News, the Catholic Church, and much of the Fortune 500; helped Donald Trump get elected, govern, and evade investigation; masterminded the conservative remaking of the courts . . . and make a killing along the way. In his acclaimed #1 bestseller Dark Towers, David Enrich presented the never-before-told saga of how Deutsche Bank became the global face of financial recklessness and criminality. Now Enrich turns his eye towards the world of “Big Law” and the nearly unchecked influence these firms wield to shield the wealthy and powerful—and bury their secrets. To tell this story, Enrich focuses on Jones Day, one of the world’s largest law firms. Jones Day’s narrative arc—founded in Cleveland in 1893, it became the first law firm to expand nationally and is now a global juggernaut with deep ties to corporate interests and conservative politics—is a powerful encapsulation of the changes that have swept the legal industry in recent decades. Since 2016, Jones Day has been in the spotlight for representing Donald Trump and his campaigns (and now his PACs)—and for the fleet of Jones Day attorneys who joined his administration, including White House Counsel Don McGahn. Jones Day helped Trump fend off the Mueller investigation and challenged Obamacare. Its once and future lawyers defended Trump’s Muslim ban and border policies and handled his judicial nominations. Jones Day even laid some of the legal groundwork for Trump to challenge the legitimacy of the 2020 election. But the Trump work is but one chapter in the firm’s checkered history. Jones Day, like many of its peers, have become highly effective enablers of the business world’s worst misbehavior. The firm has for decades represented Big Tobacco in its fight to avoid liability for its products. Jones Day worked tirelessly for the Catholic Church as it tried to minimize its sexual-abuse scandals. And for Purdue Pharma, the maker of OxyContin, as it sought to protect its right to make and market its dangerously addictive drug. And for Fox News as it waged war against employees who were the victims of sexual harassment and retaliation. And for Russian oligarchs as their companies sought to expand internationally. In this gripping and revealing new work of narrative nonfiction, Enrich makes the compelling central argument that law firms like Jones Day play a crucial yet largely hidden role in enabling and protecting powerful bad actors in our society, housing their darkest secrets, and earning billions in revenue for themselves.


Spiderweb Capitalism

Spiderweb Capitalism

Author: Kimberly Kay Hoang

Publisher: Princeton University Press

Published: 2024-04-23

Total Pages: 288

ISBN-13: 0691231257

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A behind-the-scenes look at how the rich and powerful use offshore shell corporations to conceal their wealth and make themselves richer In 2015, the anonymous leak of the Panama Papers brought to light millions of financial and legal documents exposing how the superrich hide their money using complex webs of offshore vehicles. Spiderweb Capitalism takes you inside this shadow economy, uncovering the mechanics behind the invisible, mundane networks of lawyers, accountants, company secretaries, and fixers who facilitate the illicit movement of wealth across borders and around the globe. Kimberly Kay Hoang traveled more than 350,000 miles and conducted hundreds of in-depth interviews with private wealth managers, fund managers, entrepreneurs, C-suite executives, bankers, auditors, and other financial professionals. She traces the flow of capital from offshore funds in places like the Cayman Islands, Samoa, and Panama to special-purpose vehicles and holding companies in Singapore and Hong Kong, and how it finds its way into risky markets onshore in Vietnam and Myanmar. Hoang reveals the strategies behind spiderweb capitalism and examines the moral dilemmas of making money in legal, financial, and political gray zones. Dazzlingly written, Spiderweb Capitalism sheds critical light on how global elites capitalize on risky frontier markets, and deepens our understanding of the paradoxical ways in which global economic growth is sustained through states where the line separating the legal from the corrupt is not always clear.


Class Clowns

Class Clowns

Author: Jonathan A. Knee

Publisher: Columbia University Press

Published: 2016-11-29

Total Pages: 289

ISBN-13: 0231543336

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The past thirty years have seen dozens of otherwise successful investors try to improve education through the application of market principles. They have funneled billions of dollars into alternative schools, online education, and textbook publishing, and they have, with surprising regularity, lost their shirts. In Class Clowns, professor and investment banker Jonathan A. Knee dissects what drives investors' efforts to improve education and why they consistently fail. Knee takes readers inside four spectacular financial failures in education: Rupert Murdoch's billion-dollar effort to reshape elementary education through technology; the unhappy investors—including hedge fund titan John Paulson—who lost billions in textbook publisher Houghton Mifflin; the abandonment of Knowledge Universe, Michael Milken's twenty-year mission to revolutionize the global education industry; and a look at Chris Whittle, founder of EdisonLearning and a pioneer of large-scale transformational educational ventures, who continues to attract investment despite decades of financial and operational disappointment. Although deep belief in the curative powers of the market drove these initiatives, it was the investors' failure to appreciate market structure that doomed them. Knee asks: What makes a good education business? By contrasting rare successes, he finds a dozen broad lessons at the heart of these cautionary case studies. Class Clowns offers an important guide for public policy makers and guardrails for future investors, as well as an intelligent exposé for activists and teachers frustrated with the repeated underperformance of these attempts to shake up education.


Financial Serial Killers

Financial Serial Killers

Author: Tom Ajamie

Publisher: Skyhorse Publishing Inc.

Published: 2010-07-28

Total Pages: 319

ISBN-13: 1616080310

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By using true tales of thieves, swindlers, and fraudsters at work, Financial Serial Killers illustrates how these perpetrators get their hooks into investors' wallets, savings accounts, and portfolios—and never let go. The worst financial crisis since the great depression revealed that thousands of mom and pop investors had lost millions to so-called Mini-Madoffs. They are the thieves and conmen who had used phony financial acumen to steal investors' money, wipe out savings, and damage lives. Financial Serial Killers reveals the cons—from the grand to picayune—advisers cultivate with their victims—relationships that are essential to the fraud. Take the story of Lillian, the little old lady who invested with Warren Buffett, one of the richest men in the world. After her husband died, she thought her family's treasure of $24 million in stock controlled by Buffett was safe. It was—until a family relative introduced the eighty-nine-year-old grandmother to a pair of unscrupulous insurance agents who convinced her to reinvest her savings in life insurance—decimating her nest egg while padding the agents' pockets. Lillian's story, as well as other accounts of deceit and fraud are the core of Financial Serial Killers. Readers will learn how to better protect their family's wealth and savings after reading this book.