{"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\u003e\u003cstrong\u003eSHORT-LISTED FOR THE FINANCIAL TIMES BUSINESS BOOK OF THE YEAR\u003c\/strong\u003e\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eThe \u003cem\u003eWall Street Journal\u003c\/em\u003e'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\/strong\u003e\u003c\/p\u003e\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\u003cp\u003ePraised as reading \u003cem\u003e\"\u003c\/em\u003elike a fast-paced John le Carr  thriller\" (\u003cem\u003eNew York Times\u003c\/em\u003e), \"compelling\" (\u003cem\u003eWashington Post\u003c\/em\u003e)\u003cem\u003e \u003c\/em\u003eand \"jaw-dropping\" (\u003cem\u003eFinancial Times\u003c\/em\u003e), \u003cem\u003eThe Spider Network \u003c\/em\u003eis 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\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cb\u003e\u003ci\u003eEnrich, David:\u003c\/i\u003e\u003c\/b\u003e - \u003cp\u003eDavid Enrich is the Business Investigations Editor at the \u003cem\u003eNew York Times\u003c\/em\u003e. He previously was the Financial Enterprise Editor of the \u003cem\u003eWall Street Journal\u003c\/em\u003e, heading a team of investigative reporters. Before that, he was the \u003cem\u003eJournal's\u003c\/em\u003e European Banking Editor, based in London, and a \u003cem\u003eJournal\u003c\/em\u003e reporter in New York. He has won numerous journalism awards, including the 2016 Gerald Loeb Award for feature writing. His first book, \u003cem\u003eThe Spider Network: How a Math Genius and Gang of Scheming Bankers Pulled Off On of The Greatest Scams in History \u003c\/em\u003ewas short-listed for the \u003cem\u003eFinancial Times \u003c\/em\u003eBest Book of the Year award. Enrich grew up in Lexington, Massachusetts, and graduated from Claremont McKenna College in California. He currently lives in New York with his wife and two sons.\u003c\/p\u003e","brand":"Mariner Books","offers":[{"title":"Default Title","offer_id":50555941421330,"sku":"9780062452993","price":13.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0831\/4771\/8930\/files\/img_0c9dccfe-f587-4c24-b4f9-6854863a04be.jpg?v=1731745531","url":"https:\/\/surprise-castle.myshopify.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":"Surprise Castle","version":"1.0","type":"link"}