The Pyramid of Lies

Lex Greensill and the Billion Dollar Scandal

The Pyramid of Lies
Duncan Mavin
RRP:
NZ$ 39.99
Our Price:
NZ$ 29.99
Paperback
h234 x 153mm - 352pg
21 Jul 2022 UK
International import eta 7-19 days
9781529088892
Out Of Stock
Currently no stock in-store, stock is sourced to your order
Lex Greensill had a simple, billion-dollar idea - democratising supply chain finance. Suppliers want to get their invoices paid as soon as possible. Companies want to hold off as long as they can. Greensill bridged the two, it' s mundane, boring even, but he saw an opportunity to profit. However, margins are thin and Lex, ever the risk taker, made lucrative loans with other people' s money: to a Russian cargo plane linked to Vladmir Putin, to former Special Forces who ran a private army, and crucially to companies that were fraudulent or had no revenue. When the company finally collapsed it exposed the revolving door between Westminster and big business and how David Cameron was allowed to lobby ministers for cash that would save Greensill' s doomed business. Instead, Credit Suisse and Japan' s SoftBank are nursing billions of dollars in losses, a German bank is under criminal investigation, and thousands of jobs are at risk.
Duncan Mavin is a seasoned international financial journalist. Born and raised near Newcastle, he studied history at Durham University and spent a decade as a chartered accountant in the City and in Toronto. He then became a financial reporter and foreign correspondent for Canada' s National Post. Since 2009, he has been a reporter and editor for Dow Jones publications including the Wall Street Journal, based in Hong Kong, London and New York. Duncan wrote and edited the Journal' s influential Heard on the Street column for several years, and was the Journal' s Financial Editor for Europe, the Middle East and Africa. He was also the Managing Editor for Barron' s Group. His writing has also appeared in Barron' s, Financial News and on Bloomberg News. He lives with his wife and three sons in the UK, and is a long-suffering fan of Sunderland football club.
Status: Active
ISBN-13: 9781529088892
Published: 21 Jul 2022
Published In: United Kingdom
Imprint: Macmillan
Publisher: Pan Macmillan
Format: Paperback
Height: 234mm
Width: 153mm
Pages: 352

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