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The Pyramid of Lies: Lex Greensill and the Billion-Dollar Scandal

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I mean in the end, I think you made several million pounds. It's unclear exactly how much Cameron was paid, but certainly a substantial amount of money. I think there was also, for Cameron may be, an appeal that this was a fast-growing fintech in theory. And so that's a bit more exciting than going to work on the Board of an established company. A bit cooler, a bit more kind of future of Britain. And so I think there's an appeal. What's interesting to me is that the red flags around Greensill were pretty easy to spot by then. The Egyptian pyramids are ancient masonry structures located in Egypt. Sources cite at least 118 identified "Egyptian" pyramids. [1] [2] Approximately 80 pyramids were built within the Kingdom of Kush, now located in the modern country of Sudan. Of those located in modern Egypt, most were built as tombs for the country's pharaohs and their consorts during the Old and Middle Kingdom periods. [3] [4] [5]

Pyramid of Lies: The Prime Minister, the Banker and the

NATHAN HUNT: I have to wonder what on earth was the former Prime Minister of the U.K. David Cameron doing wrapped up in Greensill Capital. Why was he involved in this? DUNCAN MAVIN: That is also a very, very good question. So Lex comes across the government. He makes his government connections from around about 2011. He had met a very senior former Civil Servant named Jeremy Heywood, when he was at Morgan Stanley. They both worked together there. At that point, Lex was a pretty junior guy and Jeremy Heywood was a very senior guy, very high-level Civil Servant who'd moved into the bank temporarily.DUNCAN MAVIN: Yes, I think that's right. I think this is -- it's tempting sometimes to see these big kind of corporate scandals in terms of big systems and institutions. But at the heart of this one, is the guy Lex Greensill. And he's fascinating, a really divisive character. Some people I talked to said Lex is really charismatic and a genius. And other people I talked to said, stay away from Lex, things are going to go wrong. BY 1999, LEX had completed his legal studies and articles at Payne Butler Lang, a prominent Bundaberg law firm. He briefly spent some time at Deacons Graham & James, another law firm, with connections across Asia and a focus on intellectual property and new technologies. The first historically documented Egyptian pyramid is attributed by Egyptologists to the 3rd Dynasty pharaoh Djoser. Although Egyptologists often credit his vizier Imhotep as its architect, the dynastic Egyptians themselves, contemporaneously or in numerous later dynastic writings about the character, did not credit him with either designing Djoser's pyramid or the invention of stone architecture. [15] The Pyramid of Djoser was first built as a square mastaba-like structure, which as a rule were known to otherwise be rectangular, and was expanded several times by way of a series of accretion layers, to produce the stepped pyramid structure we see today. [16] Egyptologists believe this design served as a gigantic stairway by which the soul of the deceased pharaoh could ascend to the heavens. [17] Mr Johnson’s early dismissal from The Times and his scandal while at The Telegraph did little to thwart his steady rise in journalism, with the writer becoming editor of The Spectator in 1999.

Lex Greensill: the truth about the billion-dollar scandal

a b c Hassan, Fekri (2002). "Palaeoclimate, Food And Culture Change In Africa: An Overview". Droughts, Food and Culture. Springer. p.17. doi: 10.1007/0-306-47547-2_2. ISBN 0-306-46755-0. Archived from the original on 12 May 2021 . Retrieved 25 May 2021.So he grew up in a fairly remote part of Australia, a place called Bundaberg, which is a farming community. His grandfather had started a farm there in the 1940s. And Lex was kind of second, third generation, who was running this farm, mostly farming, sweet potatoes and water melons and things like that. He was clearly kind of a bright guy, a little bit nerdy possibly at school and a sort of fairly rough macho environment that meant he stood out a little bit. And this source said to me, well, you really should and sort of provided me with a little bit of documentation, and I started to look into them they were connected to a scandal that was kind of emerging at a company called GAM, a Swiss asset manager, somebody called a hedge fund. And Greensill was sort of part of that story, but a very minor part of it, at least that's how it was portrayed in most reporting on it. And there would be some sort of implausible excuse given. A very, very difficult firm to deal with. And I suppose that was probably one of the biggest red flags, right, that if somebody is so desperate not to tell you the truth, not to answer your questions, even questions which seem pretty straightforward, then that's a real red flag. If you've got a genuine business that's genuinely growing faster that is being done in a very honest and well organized and well structured way, then you're probably fine answering difficult questions from journalists. But if you've got a business which fundamentally is not doing what it's supposed to, then that's always going to be a difficult relationship. The past few months have proven difficult for the Prime Minister, with Mr Johnson forced to face a series of lobbying scandals within his own party that refreshed accusations of “Tory sleaze”. Three years later he was forced to apologise for an article in the magazine which suggested that “drunken fans” were partially to blame for the 1989 Hillsborough disaster, and which suggested that Liverpudlians were wallowing in their “victim status”.

The Pyramid of Lies by Duncan Mavin review – the disgraced

Edwards, I. E. S., The Pyramids of Egypt Penguin Books Ltd; New edition (1991), ISBN 978-0-14-013634-0

And Lex, like some of the others in Silicon Valley, he was very keen to be seen as a visionary, very keen to sort of align himself with very important global politicians and financiers and so on because he knew that there was a lot of value in doing that. And I think if you look at what he claimed with the Obama White House, it was -- that was part for him of saying, look, I'm a really big, important powerful player. I mean in the end, right, like Lex Greensill's company was valued at several billion dollars. And part of the reason for that was because he was making these outlandish claims.

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