In recognition of International Anti-Corruption Day, the EBRD Office of the Chief Compliance Officer cordially invites you to a talk by Wall Street Journal reporter, Bradley Hope. Bradley will address in his talk: “The Dark Side of Global Finance: The 1MDB Scandal and Corruption from Wall Street to Hollywood, and Beyond.”
Registration will begin from 16:30, with talk beginning promptly at 17:00.
Bradley is the co-author of Billion Dollar Whale, the international bestselling book detailing the story of how Jho Low, with the assistance of Goldman Sachs, Malaysian government officials, and a broader international financial network shrouded in opacity, siphoned billions of dollars from Malaysia’s sovereign wealth fund, 1MDB. The stolen funds were used to finance the film Wolf of Wall Street, host lavish parties featuring celebrities such as Robert de Niro, Paris Hilton, and Leonardo DiCaprio, as well as almost 300 luxury handbags for the Malaysian prime minister’s wife. The 1 MDB scandal is one of the biggest scandals in financial history, resulting in criminal charges against 17 Goldman Sachs executives, the downfall of a Prime Minister, and a fugitive prime suspect. It’s a “true life thriller” about a “modern Gatsby” who managed to swindle over USD 5 billion, exposing the secret nexus of elite wealth, banking, Hollywood, and political corruption.
Bradley will share his views on “how the world really works”, by using the 1MDB fraud to map the pathways of corruption from Wall Street, the offshore world and Hollywood, aided by a host of witting and unwitting conspirators including bankers, lawyers and auditors. He will also discuss how this story was uncovered and the Wall Street Journal’s investigative reporting on the matter, in which Bradley was recognised as a Finalist for the 2016 Pulitzer Prize in international reporting. It will be an exciting and insightful event, to help us better understand how a scandal of this magnitude could happen and how the abuse of international financial institutions can facilitate grand scale corruption.
The event will commence with opening remarks from the EBRD First Vice President and Head of Client Services Group, Jürgen Rigterink. An open question and answer session will follow Bradley’s talk.
The event will be capped off with a drinks reception outside the EBRD Auditorium.