THE SPIDER NETWORK by David Enrich (epub)(Nonfiction)

THE SPIDER NETWORK by David Enrich (epub)(Nonfiction)
Author: David Enrich
Full title: The Spider Network: How a Math Genius and a Gang of Scheming Bankers Pulled Off One of the Greatest Scams in History
Length: 384 pages
Publication date: March 21, 2017
Genre/Categories: Nonfiction; Financial scandal; Investigative journalism

Enrich chronicles the Libor scandal, where bankers manipulated the London Interbank Offered Rate—a benchmark for trillions in global loans, mortgages, and derivatives—starting around 2006. At center is Tom Hayes, a brilliant but socially awkward mathematician who built the "Spider Network" of traders, brokers, and execs (nicknamed Gollum, Abbo, Clumpy, Big Nose) at firms like Citigroup, UBS, and RBS to rig rates for profit. The thriller-like exposé reveals industry-wide corruption, Hayes's 14-year UK prison term (longest white-collar sentence), and systemic flaws enabling greed over ethics.