Summary of Dan McCrum's Money Men

Summary of Dan McCrum's Money Men PDF

Author: Milkyway Media

Publisher: Milkyway Media

Published: 2024-01-29

Total Pages: 22

ISBN-13:

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Get the Summary of Dan McCrum's Money Men in 20 minutes. Please note: This is a summary & not the original book. "Money Men" by Dan McCrum chronicles the rise and fall of Wirecard, a German payment processor. The book details the experiences of various individuals involved with the company, including Denis Wagner, who joined Wirecard's sales team and worked on the Click2Pay project with Jan Marsalek. Despite early success, Wagner had concerns about the legality of transactions. The narrative also follows McCrum's transition from banking to journalism at the Financial Times (FT), where he learned about financial deception during the 2008 crisis...

Money Men

Money Men PDF

Author: Dan McCrum

Publisher: Random House

Published: 2022-06-16

Total Pages: 243

ISBN-13: 1473593875

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'The financial investigation of the decade... Money Men instantly enters the canon of great financial crime books' Bradley Hope, author of The Billion Dollar Whale 'A rip-roaring ride into the underworld of the global economy' Tom Burgis, author of Kleptopia 'Required reading' The Economist 'A cross between the Enron scandal and Rosemary's Baby' John Lanchester, London Review of Books 'Reads like a crime drama' New Statesman 'The culmination of years of careful investigative work... Gripping' Evening Standard 'A thrilling, head-spinning book' Irish Times 'A rollercoaster read that reveals everything that's wrong with our financial system' Catherine Belton Now adapted as the Netflix documentary Skandal!, this is the stranger-than-fiction story of Wirecard, once a $30 billion tech darling, now a smouldering wreck, by the journalist who brought it crashing down - perfect for those who loved Bad Blood and Empire of Pain. When journalist Dan McCrum followed a tip to investigate the hot new tech company challenging Silicon Valley, everything about Wirecard looked a little too good to be true: offices were sprouting up around the world, it was reporting runaway growth and the CEO even wore a black turtleneck in tribute to Steve Jobs. In the space of a few short years, the company had come from nowhere to overtake industry giants like Commerzbank and Deutsche Bank on the stock market. As McCrum dug deeper, he encountered a story stranger and more dangerous than he ever imagined: a world of short sellers and whistleblowers, pornographers and private militias, hackers and spies. Before long he realised that he wasn't the only one in pursuit. Shadowy figures were following him through the streets of London, high-flying lawyers were sending ominous letters to his boss, and he was named as the prime suspect in a criminal inquiry. The race was on to prove his suspicions and clear his name. Money Men is the astonishing true story of Wirecard's multi-billion-dollar fraud, Europe's biggest new tech darling revealed as a house of cards. Uncovering fake bank accounts, fake offices and possibly even a fake death, McCrum offers a searing exposé that will finally lay bare the truth.

Lying for Money

Lying for Money PDF

Author: Dan Davies

Publisher: Scribner

Published: 2021-03-09

Total Pages: 304

ISBN-13: 1982114932

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An entertaining, deeply informative explanation of how high-level financial crimes work, written by an industry insider who’s an expert in the field. The way most white-collar crime works is by manipulating institutional psychology. That means creating something that looks as much as possible like a normal set of transactions. The drama comes later, when it all unwinds. Financial crime seems horribly complicated, but there are only so many ways you can con someone out of what’s theirs. In Lying for Money, veteran regulatory economist and market analyst Dan Davies tells the story of fraud through a genealogy of financial malfeasance, including: the Great Salad Oil swindle, the Pigeon King International fraud, the fictional British colony of Poyais in South America, the Boston Ladies’ Deposit Company, the Portuguese Banknote Affair, Theranos, and the Bre-X scam. Davies brings new insights into these schemes and shows how all frauds, current and historical, belong to one of four categories (“long firm,” counterfeiting, control fraud, and market crimes) and operate on the same basic principles. The only elements that change are the victims, the scammers, and the terminology. Davies has years of experience picking the bones out of some of the most famous frauds of the modern age. Now he reveals the big picture that emerges from their labyrinths of deceit and explains how fraud has shaped the entire development of the modern world economy.

Bad City

Bad City PDF

Author: Paul Pringle

Publisher: Celadon Books

Published: 2022-07-19

Total Pages: 259

ISBN-13: 1250824095

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"Pringle’s fast-paced book is a master class in investigative journalism... when institutions collude to protect one another, reporting may be our last best hope for accountability." —The New York Times For fans of Spotlight and Catch and Kill comes a nonfiction thriller about corruption and betrayal radiating across Los Angeles from one of the region's most powerful institutions, a riveting tale from a Pulitzer-prize winning journalist who investigated the shocking events and helped bring justice in the face of formidable odds. On a cool, overcast afternoon in April 2016, a salacious tip arrived at the L.A. Times that reporter Paul Pringle thought should have taken, at most, a few weeks to check out: a drug overdose at a fancy hotel involving one of the University of Southern California’s shiniest stars—Dr. Carmen Puliafito, the head of the prestigious medical school. Pringle, who’d long done battle with USC and its almost impenetrable culture of silence, knew reporting the story wouldn’t be a walk in the park. USC is one of the biggest employers in L.A., and it casts a long shadow. But what he couldn’t have foreseen was that this tip would lead to the unveiling of not one major scandal at USC but two, wrapped in a web of crimes and cover-ups. The rot rooted out by Pringle and his colleagues at The Times would creep closer to home than they could have imagined—spilling into their own newsroom. Packed with details never before disclosed, Pringle goes behind the scenes to reveal how he and his fellow reporters triumphed over the city’s debased institutions, in a narrative that reads like L.A. noir. This is L.A. at its darkest and investigative journalism at its brightest.

The Lost Bank

The Lost Bank PDF

Author: Kirsten Grind

Publisher: Simon and Schuster

Published: 2013-07-16

Total Pages: 401

ISBN-13: 1451617933

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Based on reporting for which the author was named a finalist for the Pulitzer Prize and the Gerald Loeb Award, this book traces the rise and spectacular fall of Washington Mutual.

The Key Man

The Key Man PDF

Author: Simon Clark

Publisher: HarperCollins

Published: 2021-07-06

Total Pages: 352

ISBN-13: 0062996231

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LONGLISTED FOR THE FINANCIAL TIMES & MCKINSEY BUSINESS BOOK OF THE YEAR ONE OF THE ECONOMIST'S BEST BOOKS OF 2021 In this compelling story of lies, greed and tarnished idealism, two Wall Street Journal reporters investigate a man who Bill Gates, Western governments, and other investors entrusted with billions of dollars to make profits and end poverty, but who now stands accused of masterminding one of the biggest, most brazen financial frauds ever. Arif Naqvi was charismatic, inspiring, and self-made—all the qualities of a successful business leader. The founder of Abraaj, a Dubai-based private-equity firm, Naqvi was the Key Man to the global elite searching for impact investments to make money and do good. He persuaded politicians he could help stabilize the Middle East after 9/11 by providing jobs and guided executives to opportunities in cities they struggled to find on the map. Bill Gates helped him start a $1 billion fund to improve healthcare in poor countries and the UN and Interpol appointed him to boards. As Pope Francis blessed a move to harness capitalism for the good of the poor, Naqvi won the support of Obama’s administration and investors, who compared him to Tom Cruise in Mission: Impossible. In 2018, Simon Clark and Will Louch were contacted by an anonymous whistleblower who said Naqvi had swindled investors out of hundreds of millions of dollars and offered bribes to sustain his billionaire lifestyle. Digging into the claims, Clark and Louch uncovered hundreds of documents and exposed the wrongdoing. In April 2019—months after their exposé broke—Naqvi was arrested on charges of fraud and racketeering, and faces up to 291 years in jail. Populated by a cast of larger-than-life characters and moving across Asia, Africa, Europe and America, The Key Man is the story of how the global elite was duped by a capitalist fairytale. Clark and Louch shine a light on efforts to clean up global capital flows even as opaque private equity firms amass trillions of dollars and offshore tax havens cast a veil of secrecy which prevents regulators, investors and citizens from understanding what’s really going on in the finance industry.

The Money Hackers

The Money Hackers PDF

Author: Daniel P. Simon

Publisher: HarperCollins Leadership

Published: 2020-04-14

Total Pages: 256

ISBN-13: 1400216613

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Businesses, investors, and consumers are grappling with the seismic daily changes technology has brought to the banking and finance industry. The Money Hackers is the story of fintech’s major players and explores how these disruptions are transforming even money itself. Whether you’ve heard of fintech or not, it’s already changing your life. Have you ever “Venmoed” someone? Do you think of investing in Bitcoin--even though you can’t quite explain what it is? If you’ve deposited a check using your iPhone, that’s fintech. If you’ve gone to a bank branch and found it’s been closed for good, odds are that’s because of fintech too. This book focuses on some of fintech’s most powerful disruptors--a ragtag collection of financial outsiders and savants--and uses their incredible stories to explain not just how the technology works, but how the Silicon Valley thinking behind the technology, ideas like friction, hedonic adaptation, democratization, and disintermediation, is having a drastic effect on the entire banking and finance industry. Upon reading The Money Hackers, you will: Feel empowered with the knowledge needed to spot the opportunities the next wave of fintech disruptions will bring. Understand the critical pain points that fintech is resolving, through a profile of the major finsurgents behind the disruption. Topic areas include Friction (featuring founders of Venmo), Aggregate and Automate (featuring Adam Dell, founder of Open Table and brother of Michael Dell), and Rise of the Machines (featuring Jon Stein, founder of robo-advisor Betterment). Learn about some of the larger-than-life characters behind the fintech movement. The Money Hackers tells the fascinating story of fintech--how it began, and where it is likely taking us.

My Year Off

My Year Off PDF

Author: Robert McCrum

Publisher: Vintage Canada

Published: 2011-11-30

Total Pages: 235

ISBN-13: 0307363694

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A Publishers Weekly Best Book of 1998. "To all concerned, this book is meant to send a ghostly signal across the dark universe of ill-health that says 'you are not alone.'" - Robert McCrum On July 29, 1995, Robert McCrum, 42, married only ten weeks, suffered a paralyzing stroke. Overnight, his life shifted irrevocably. But this admired novelist and former editorial director of the London publishing house Faber and Faber decided to chronicle what became a remarkable journey "into that mysterious, unexplored territory, the neighbourly world of the unwell," as well as a deeply moving love story.

The Rebel and the Kingdom

The Rebel and the Kingdom PDF

Author: Bradley Hope

Publisher: Crown

Published: 2022-11-01

Total Pages: 281

ISBN-13: 0593240669

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How did an Ivy League activist become a global fugitive? The New York Times bestselling co-author of Billion Dollar Whale and Blood and Oil chronicles the heart-pounding tale of a self-taught operative his high-stakes attempt subvert the North Korean regime. “Propulsive . . . Hope’s account is both deeply reported and novelistic.”—Ed Caesar, contributing staff writer for The New Yorker, author of The Moth and the Mountain In the early 2000s, Adrian Hong was a soft-spoken Yale undergraduate looking for his place in the world. After reading a harrowing account of life inside North Korea, he realized he had found a cause so pressing that he was ready to devote his life to it. What began as a trip down the safe and well-worn path of organizing soon morphed into something more dangerous. Hong journeyed to China, outwitting Chinese security services as he helped asylum-seeking North Koreans escape across the border. Meanwhile, Hong’s secret organization, Cheollima Civil Defense (later renamed Free Joseon), began tracking the North Korean government’s activities, and its volatile third-generation ruler, Kim Jong-un. Free Joseon targeted North Korean diplomats who might be persuaded to defect, while drawing up plans for a government-in-exile. After the shocking broad-daylight assassination in 2017 of Kim Jong-nam, the dictator’s older brother, Hong, along with U.S. Marine veteran Christopher Ahn, helped ferry Kim Jong-nam’s family to safety. Then Hong took the group a step further. He initiated a series of high-stakes direct actions, culminating in an armed raid at the North Korean embassy in Madrid—an act that would put Ahn behind bars and turn Hong into one of the world’s most unlikely fugitives. In the tradition of Jon Krakauer’s Into the Wild, The Rebel and the Kingdom is an exhilarating account of a man who turns his back on the status quo—to instead live boldly by his principles. Acclaimed journalist and bestselling author Bradley Hope—who broke numerous details of Hong’s operations in The Wall Street Journal—now reveals the full contours of this remarkable story of idealism and insanity, hubris and heroism, all set within the secret battle for the future of the world’s most mysterious and unsettling nation.

Google Leaks

Google Leaks PDF

Author: Zach Vorhies

Publisher: Simon and Schuster

Published: 2021-08-03

Total Pages: 312

ISBN-13: 1510767371

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A Story of Big Tech Censorship and Bias and the Fight to Save Our Country The madness of Google's attempt to mold our reality into a version dictated by their corporate values has never been portrayed better than in this chilling account by Google whistleblower, Zach Vorhies. As a senior engineer at Zach watched in horror from the inside as the 2016 election of Donald Trump drove Google into a frenzy of censorship and political manipulation. The American ideal of an honest, hard-fought battle of ideas—when the contest is over, shaking hands and working together to solve problems—was replaced by a different, darker ethic alien to this country's history as wave after of censorship destroyed free speech and entire market sectors. Working with New York Times bestselling author Kent Heckenlively (Plague of Corruption), Vorhies and Heckenlively weave a tale of a tech industry once beloved by its central figure for its innovation and original thinking, turned into a terrifying “woke-church” of censorship and political intolerance. For Zach, an intuitive counter-thinker, brought up on the dystopian futures of George Orwell, Aldous Huxley, and Ray Bradbury, it was clear that Google was attempting nothing less than a seamless rewriting of the operating code of reality in which many would not be allowed to participate. Using Google's own internal search engine, Zach discovered their real "AI-Censorship" system called “Machine Learning Fairness,” which he claims is a merging of critical race theory and AI that was secretly released on their users of search, news and YouTube. He collected and released 950 pages of these documents to the Department of Justice and to the public in the summer of 2019 through Project Veritas with James O'Keefe, which quickly became their most popular whistleblower story, which started a trend of big whistleblowing. From Google re-writing their news algorithms to target Trump to using human tragedy emergencies to inject permanent blacklists, Zach and Kent provide a “you are there” perspective on how Google turned to the dark side to seize power. They finish by laying out a solution to fight censorship. Read this book if you care to know how Google tries to manipulate, censor, and downrank the voice of its users.