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Slate Technology

Slate Money | Criminals Series: The $5 Billion Fraud

Slate Technology

Slate

Society & Culture, Technology, History

4.6636 Ratings

🗓️ 4 September 2023

⏱️ 43 minutes

🧾️ Download transcript

Summary

Felix Salmon and Elizabeth Spiers speak with Tom Wright, the author of Billion Dollar Whale to discuss Malaysian fraudster Jho Low. They talk about how he used political connections to live a lavish lifestyle and buy Leonardo DiCaprio an Oscar.  If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an additional segment of our show every week. You’ll also be supporting the work we do here on Slate Money. Sign up now at slate.com/moneyplus to help support our work.  Podcast production by Patrick Fort. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hello, and welcome to the Joe Lowe episode of Slate Money Criminals.

0:18.7

I'm Felix Salmon of Axios.

0:20.4

I'm here with Elizabeth Spires of the New York Times

0:23.9

and elsewhere. Hello. And we are joined from Singapore by Tom Wright. Welcome, Tom. Thanks for

0:32.4

having me. Tom, who are you? And what brings you on this show? Well, I am a journalist. I was going to say retired journalist, but you're always a journalist.

0:43.5

I'm the co-author of a book, Billion Dollar Whale, about Jolo and one of the biggest frauds in history.

0:50.7

And I'm the co-founder of Project Brazen, which is a podcast company.

0:54.8

We make podcasts based on thrilling true stories.

0:58.1

We are going to talk about Jolo in this episode.

1:01.0

It's not easy to steal $6 billion, but he managed to do it.

1:04.5

We're going to talk about how he managed to do it,

1:06.8

whether it was a Ponzi scheme, who the victims were,

1:10.0

who his accomplices were, and where it all

1:12.7

stands today, that's all coming up on Slate Money, Criminals.

1:20.3

My name is Caden Sinclair.

1:24.6

Some people call us American royalty.

1:27.1

We were liars. A new series us American royalty. We were liars.

1:28.0

A new series on Prime Video.

1:30.0

We were happy.

1:31.1

We wanted for nothing.

1:32.9

Based on the best-selling novel.

1:35.7

Something terrible happened last summer, and I have no memory of what or who hurt me.

...

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