An epic true story of ambition, greed and hubris, The Pyramid of Lies tells the inside story of one of the superstars of global FinTech, Lex Greensill, and his dramatic fall from grace.
In March 2021, an obscure financial technology company called Greensill Capital collapsed, going into administration. As it unravelled, a multibillion-dollar scandal emerged that would shake the very foundations of the British political system, drawing in Swiss bankers, global CEOs and world leaders, including former British Prime Minister David Cameron. At the centre was an Australian financier named Lex Greensill.
The Pyramid of Lies charts the meteoric rise and spectacular downfall of Greensill and his company. He had a simple idea - democratising supply chain finance - and disrupted a trillion-dollar industry in the process. But a staid business model concealed dubious practices as Greensill made increasingly risky loans to fraudulent companies using other people's money.
Financial journalist Duncan Mavin, who has reported on the scandal for over three years, tells the incredible story of how a former sugar-cane farmer would go on to put tens of thousands of jobs at risk and gain unfettered access to the inner workings of the British government. With a globe-circling narrative full of scandal and intrigue, The Pyramid of Lies reveals how the grubby world of shadow banking really operates.
In March 2021, an obscure financial technology company called Greensill Capital collapsed, going into administration. As it unravelled, a multibillion-dollar scandal emerged that would shake the very foundations of the British political system, drawing in Swiss bankers, global CEOs and world leaders, including former British Prime Minister David Cameron. At the centre was an Australian financier named Lex Greensill.
The Pyramid of Lies charts the meteoric rise and spectacular downfall of Greensill and his company. He had a simple idea - democratising supply chain finance - and disrupted a trillion-dollar industry in the process. But a staid business model concealed dubious practices as Greensill made increasingly risky loans to fraudulent companies using other people's money.
Financial journalist Duncan Mavin, who has reported on the scandal for over three years, tells the incredible story of how a former sugar-cane farmer would go on to put tens of thousands of jobs at risk and gain unfettered access to the inner workings of the British government. With a globe-circling narrative full of scandal and intrigue, The Pyramid of Lies reveals how the grubby world of shadow banking really operates.
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