Chapter 9 Part 2: Tightrope - No Turning Back
The grenade was out of the bag. This is the second half of Chapter 9 in my Lucifer’s Banker Uncensored retelling series.
Latest published articles
The 2016 Oil Crash: When the World Was Drowning in Crude
In February 2016, a barrel of WTI crude oil cost less than $26. That was the lowest price since 2003. Just 18 months earlier, the same barrel was selling for $110. A 76% drop. Chapter 40 of Torsten Dennin’s “From Tulips to Bitcoins” tells the story of how the world literally ran out of places to store all the oil it was pumping, and what happened when OPEC and Russia finally decided to do something about it.
The 2016 Oil Crash: When the World Was Drowning in Crude
In February 2016, a barrel of WTI crude oil cost less than $26. That was the lowest price since 2003. Just 18 months earlier, the same barrel was selling for $110. A 76% drop. Chapter 40 of Torsten Dennin’s “From Tulips to Bitcoins” tells the story of how the world literally ran out of places to store all the oil it was pumping, and what happened when OPEC and Russia finally decided to do something about it.
Chapter 9 Part 1: Tightrope - Walking the Line Between Hero and Criminal
The fake Jafarli letter broke something inside Birkenfeld. His own government had betrayed him. The DOJ had tailed him to Mexico, pulled his friend off a plane, stolen the guy’s identity, and used it to try to scare him into silence. He grew up believing in the Constitution and fair trials. Now he felt like a mob informant who accidentally confessed to a dirty cop.
Rare Earth Mania: When China Squeezed the World's Tech Supply
Your phone has rare earths in it. Your laptop has them. If you drive a hybrid or electric car, it is full of them. Wind turbines need them. Flat screens need them. Pretty much every piece of modern technology needs a tiny bit of these 17 metals that most people have never heard of. Chapter 39 of Torsten Dennin’s “From Tulips to Bitcoins” (ISBN: 978-1-63299-227-7) tells the story of what happened when one country controlled almost all of the supply and decided to squeeze.
Rare Earth Mania: When China Squeezed the World's Tech Supply
Your phone has rare earths in it. Your laptop has them. If you drive a hybrid or electric car, it is full of them. Wind turbines need them. Flat screens need them. Pretty much every piece of modern technology needs a tiny bit of these 17 metals that most people have never heard of. Chapter 39 of Torsten Dennin’s “From Tulips to Bitcoins” (ISBN: 978-1-63299-227-7) tells the story of what happened when one country controlled almost all of the supply and decided to squeeze.
Chapter 8 Part 2: The Mexico Setup - The Fallout
Birkenfeld is still sitting across from DOJ prosecutors Downing and Kelly, dropping bombshell after bombshell. He tells them about a UBS client named Abbas who held $420 million in six numbered accounts. This guy made his fortune through illegal oil deals with Saddam Hussein’s regime. The single largest account holder on the American desk.
Glencore: The Secret Commodity Empire Goes Public
For decades, the world’s largest commodity trading company operated in near-total secrecy. No public filings. No shareholders to answer to. No journalists poking around. Then on May 19, 2011, Glencore listed on the London Stock Exchange and raised $12 billion in one of the biggest IPOs in history. Chapter 38 of Torsten Dennin’s “From Tulips to Bitcoins” tells the story of how a fugitive’s private empire became a public company. And how the insiders who sold their shares at the top never saw that price again.
Glencore: The Secret Commodity Empire Goes Public
For decades, the world’s largest commodity trading company operated in near-total secrecy. No public filings. No shareholders to answer to. No journalists poking around. Then on May 19, 2011, Glencore listed on the London Stock Exchange and raised $12 billion in one of the biggest IPOs in history. Chapter 38 of Torsten Dennin’s “From Tulips to Bitcoins” tells the story of how a fugitive’s private empire became a public company. And how the insiders who sold their shares at the top never saw that price again.
Chapter 8 Part 1: The Mexico Setup - A Dangerous Game
The Department of Justice did not want Bradley Birkenfeld. He showed up anyway.
The DOJ’s Nightmare
Kevin Downing, a senior prosecutor in the DOJ Tax Division, had a problem. Two lawyers were calling on behalf of an anonymous Swiss banker who claimed to have the goods on the biggest tax fraud case in US history. Names of rich Americans hiding money in Swiss accounts. Names of Swiss banking officials who ran the whole scheme. Names of American politicians who knew about it.