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The greatest financial heist - how an unknown guy called Jho Low stole billions of dollars in an audacious financial scam involving Malaysia's investment fund, 1MDB. Jho Low probably had more spending power than anyone else on Earth, since his money wasn't tied up in stocks, real estate or other illiquid assets and investments. Jho Low had cash to spend. And he spent those millions of dollars the same way any of us might dream of: throwing extravagant parties, networking with celebrities and even financing movies like The Wolf of Wall Street (which is kinda ironic a film about a financial scam was financed thanks to a financial scam).
Jho Low's financial fraud was achieved through shell accounts, tax havens and the use of loopholes and bearer shares. But most importantly, Jho Low become a billionaire because of his networking abilities - he strategically worked his way into the lives of the rich and famous. However, financial fraud like this has very real world repercussions - that money was meant to help the country of Malaysia, and be used in construction products that could have really benefited a lot of people. This is the insane story of Jho Low, and how to get rich fast if you have no morals.
00:00 Prologue: The Story of Jho Low
01:26 Chapter 1: The Jho Low Origin Story
06:18 Chapter 2: The First Heist
11:39 Chapter 3: The Asian Wolf of Wall Street
19:36 Chapter 4: Goldman Sachs
24:00 Chapter 5: The Crumbling Empire
Money. Power. Status. Jho Low wanted them all, and identified sovereign wealth funds as his opportunity to get rich quick. With some political bribes and the help of Goldman Sachs (and investment banker Tim Leissner), Jho Low become extremely rich very fast. This is the INSANE and controversial story of Jho Low and the 1MDB fund. I hope you enjoy this finance mini-movie from MagnatesMedia! :) #finance #wealth #richlifestyle #documentary #business
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