An epic true story of ambition, greed and hubris.
In March 2021, an obscure financial technology compnay 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 - democratizing supply chain finance - and disrupted a trillion-dollar industry in the process. But a staid business model concealed dubious practices as Greensill made increasingly riskly 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 innter 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.
