Tag: swindles

Top Books About Financial Swindles, Scandals, and Scams

If you are looking for some springtime reading, then books about financial swindles, scandals, and scams should interest you. All these books are non-fiction, the real thing, and provide true stories that are pretty incredible.

I have real all of these books, except the last one, and I highly recommend all of them. Enjoy.

American Kingpin: The Epic Hunt for the Criminal Mastermind Behind the Silk Road by Nick Bilton
You have probably heard of the Silk Road but do you know anything about the guy behind it? How he started it, how it grew beyond his or anyone’s wildest dreams, and how money and power can corrupt. It also corrupted some members of law enforcement. An amazing story and a book that reads like a page-turner mystery.

Billion Dollar Whale: The Man Who Fooled Wall Street, Hollywood, and the World by Tom Wright & Bradley Hope
If you have seen the Wolf of Wall Street movie, but you don’t know where the money came from to make the movie, you need to read this book! How billions were swindled with the help of a major investment banking company. The parties were unbelievable, and included such guests as Leonardo DiCaprio and Paris Hilton. The jewelry was unbelievable. The yachts were unbelievable.

Alligator Blood by James Leighton
An Australian in his 20s goes from delivering pizzas to becoming one of the richest people in Australia from online poker. What happens next …

Red Notice: A True Story of High Finance, Murder, and One Man’s Fight for Justice by Bill Browder
A timely book these days. How the author made a huge amount of money trading Russian shares, and the dark consequences of doing so.

Black Edge: Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street by Sheelah Kolhatkar
About, Steve Cohen, SAC Capital, insider trading, government investigators, and billions of dollars in profits.

The Buy Side: A Wall Street Trader’s Tale of Spectacular Excess by Turney Duff
Autobiographical story of sex, drugs, hedge funds, and lots of money.

The Spider Network: How a Math Genius and a Gang of Scheming Bankers Pulled Off One of the Greatest Scams in History by David Enrich
Have not read this yet, but it’s on my next non-fiction book to read. 4.5 stars on Amazon.

Happy reading!

 

 

 

This page contains affiliate links.

$2 Billion Crypto Fraud: BitConnect Promoter Pleaded Guilty

by Fred Fuld III

One of the directors of BitConnect, Glenn Arcaro, has pleaded guilty to wire fraud conspiracy for his role in the BitConnect scam, according to the U.S. Department of Justice.

BitConnect went out of business in 2018. Prosecutors said that the company was “a textbook Ponzi scheme”. The DoJ said investors lost over $2 billion in the fraud.

Bitconnect was created in 2016 with the goal of allowing users to lend the value of the Bitconnect coin in return for interest payments.

The BitConnect coin, known as BCC, rose from a post ICO price of $0.17 to an all-time high of $463 in December 2017; it tanked to $0.40 as in March of 2019.

Billion Dollar Whale: One of the Biggest Financial Swindles in History

by Fred Fuld III

If you haven’t read the book, Billion Dollar Whale: The Man Who Fooled Wall Street, Hollywood, and the World, by Tom Wright & Bradley Hope, you need to read it.

Do you know what all of the following have in common (in no particular order)?

Paris Hilton
Leonardo Dicaprio
Martin Scorsese
Malasia
Swiss Banks
Kleptocracy
Wolf of Wall Street Movie
Hollywood
Wall Street
Goldman Sachs
$500,000,000 Yacht
Miranda Kerr
$325,000 Ferrari
Supermodels
$33.5 million Manhattan condominium
President Obama
President Trump
Jamie Foxx
Busta Rhymes
Kasseem Dean
Alicia Keys
Swizz Beatz
Money Laundering
Cyprus
China
Macau
Indonesia
Bali
United States
12,000 pieces of jewelry
567 handbags
423 watches
FBI
Casinos
Million dollar parties
Las Vegas

All of the above are connected to a man named Jho Low, a Malaysian businessman who is accused of swindling billions of dollars, indirectly from the Malaysian government, and spending it on huge parties with actors, models, numerous bottles of champagne, gambling, and entertainment, in addition to expensive homes around the world.

Ironically, according to the book, Low funded the Martin Scorsese movie The Wolf of Wall Street, starring Leonardo DiCaprio, which was based on the true story of Jordan Belfort, the convicted stock market manipulator and boiler-room operator.

The story of Low reads like a financial mystery and thriller, and I rarely say this about a non-fiction book, but it is a page-turner.

So if you are looking for some end of summer reading, and if you like to read about frauds, scams, and swindles,  Billion Dollar Whale will definitely keep you occupied.


Affiliate links on this page.