The Spider Network
The Spider Network unveils the bizarre and sinister story of how a math genius, a handful of outrageous confederates, and a deeply corrupt banking system ignited one of the greatest financial scandals in history. Tom Hayes, a brilliant but troubled mathematician, became the keystone of a shadowy team that used hook and crook to take over the process and set rates that made them a fortune, no matter the cost to others. The Spider Network is not only a rollicking account of the scam but a provocative examination of a financial system that was warped and shady throughout.
Praise for The Spider Network
“[Enrich’s] impressive reporting and writing chops are on full display in The Spider Network. From the start, the book reads like a fast-paced John le Carré thriller, and never lets up.”
— William D. Cohan, New York Times Book Review
“With an unerring eye for detail, Enrich shows in this masterful work how a toxic stew of greed, arrogance, and a lust for power led to a criminal scheme of unparalleled dimensions. It should be required reading for anyone who wants to understand the dirty underbelly of the financial world.”
— Kurt Eichenwald, Pulitzer Prize-winning author of The Informant
“Mr. Enrich effectively uses the unique access he secured to the mildly autistic UBS trader, Tom Hayes, who became the fall guy for the unfolding scandal, to produce a surprisingly human narrative.”
— Jonathan A. Knee, New York Times DealBook
“A damning look at the culture of trader chicanery. Enrich has sidestepped the temptation to slip into author-as-prosecutor mode, instead going the wry tour guide route to lucidly usher readers through the Looney Tunes world that wrought l’affaire Libor.”
— John Helyar, coauthor of Barbarians at the Gate
“David Enrich is a masterful financial storyteller using real-time communications from the central figures. He weaves into his narrative not only what happened, but how it happened and why. Michael Lewis has a new rival.”
— Sheila Bair, former chair of the FDIC and bestselling author of Bull by the Horns
“An absorbing read that provides both a meticulous dissection of an immense scandal as well as a fascinating human story.”
— Bethany McLean, author of The Smartest Guys in the Room and All the Devils Are Here
“Dare I say it, but The Spider Network will snare you in its web of deceit, lies, corruption, manipulation, and colorful characters. David Enrich’s brilliant investigative expose will reverberate from Wall Street to Main Street.”
— Harlan Coben, bestselling author of Home and Fool Me Once
“David Enrich has written an incredibly entertaining, globe-straddling inside account of how one trader turbocharged a greedy cabal that scammed savers and borrowers everywhere. A must-read if you want to understand how big banks and traders really work.”
— Marcus Brauchli, former Executive Editor of the Washington Post and Managing Editor of the Wall Street Journal
“So how did a socially awkward English math whiz mastermind manipulation of lending rates on a global scale? In David Enrich’s gripping tale, the characters have nicknames worthy of the Mafia, and their ethical compasses aren’t much better.”
— Paul Ingrassia, Pulitzer Prize winner, bestselling author of Crash Course
“A thrilling tour de force of reporting, revelation, and reasoning. For anyone who wants to understand what really went on inside a scam of epic proportions, The Spider Network is unmissable.”