{"product_id":"the-spider-network-how-a-math-genius-and-a-gang-of-scheming-bankers-pulled-off-one-of-the-greatest-scams-in-history-9780062452993","title":"The Spider Network: How A Math Genius And A Gang Of Scheming Bankers Pulled Off One Of The Greatest Scams In History","description":"\u003cp\u003eSHORT-LISTED FOR THE FINANCIAL TIMES BUSINESS BOOK OF THE YEAR\u003c\/p\u003e\n\n\u003cp\u003eThe 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. The paperback edition includes a new chapter discussing further fallout from the scandal.\u003c\/p\u003e\n\n\u003cp\u003eIn 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.\u003c\/p\u003e\n\n\u003cp\u003ePraised 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.\u003c\/p\u003e","brand":"Custom House","offers":[{"title":"Default Title","offer_id":41080751227086,"sku":"9780062452993","price":19.9,"currency_code":"MYR","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0601\/0883\/2974\/products\/9780062452993_1_cfa6519f-7300-4619-a942-7d26237b984a.jpg?v=1648791587","url":"https:\/\/www.bookxcess.com\/products\/the-spider-network-how-a-math-genius-and-a-gang-of-scheming-bankers-pulled-off-one-of-the-greatest-scams-in-history-9780062452993","provider":"BookXcess","version":"1.0","type":"link"}