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Pyramid of Lies

The Prime Minister, the Banker and the Billion Pound Scandal

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Pyramid of Lies

By: Duncan Mavin
Narrated by: Duncan Mavin
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About this listen

An epic true story of ambition, greed and hubris that nearly brought down the British government.

'The British version of Bad Blood . . . [but] better' – The Sunday Times

'Terrific' – The Observer, Book of the Week


In March 2021, an obscure financial technology company called Greensill Capital collapsed, going into administration. As it unravelled, a multibillion-dollar scandal emerged that would shake the very foundations of the British political system, drawing in swiss bankers, global CEOs, and world leaders, including former British Prime Minister, David Cameron. At the centre was an Australian financier named Lex Greensill.

Pyramid of Lies charts the meteoric rise and spectacular downfall of Greensill and his company. He had a simple idea – democratising supply chain finance – and disrupted a trillion dollar industry in the process. But a staid business model concealed dubious practices as Greensill made increasingly risky loans to fraudulent companies using other people’s money.

Financial journalist Duncan Mavin, who has reported on the scandal for over three years, tells the incredible story of how a former sugar-cane farmer would go on to put tens of thousands of jobs at risk and gain unfettered access to the inner workings of the British government. With a globe-circling narrative full of scandal and intrigue, Pyramid of Lies reveals how the grubby world of shadow banking really operates.

‘Forensic and riveting’ – The New Statesman

‘Meticulously researched’ – The Daily Telegraph

Banks & Banking Business Development & Entrepreneurship Entrepreneurship True Crime White Collar & Corporate Crime

Critic Reviews

Unputdownably delicious . . . the British version of Bad Blood . . . [but] better
Terrific . . . shows the emptiness behind the bombast (Nick Cohen, The Observer, Book of the Week)
A meticulously researched and enjoyably lively account
Forensic and riveting
An incredible book, transforming a complex financial scandal into a rich character drama (Bradley Hope, co-author of New York Times bestseller Billion Dollar Whale)
Quite simply, one of the best books of investigative journalism I have ever read. Duncan Mavin is a natural story-teller and a brilliant sleuth (Matthew d’Ancona, author of Post-Truth)
Leaves little doubt that much is indeed wrong in the excessively close relationship between some financiers and politicians . . . [who] stood to gain millions of pounds (Simon Clark, author of The Key Man)
Mavin expertly demystifies the rise and fall of Greensill Capital and weaves an intriguing tale at the cross section of sleaze, power and greed at the heart of UK politics and global finance. A fascinating - and prescient - read (Karl Holbrook, Executive Editor, Daily Express)
The extraordinary story of Greensill’s rise and collapse is a microcosm of global finance in the last decade . . . a keen eye for the colourful - and at times absurd - human drama (Peter Thal Larsen, EMEA Editor Reuters Breakingviews)
The definitive account of the Greensill Capital’s rise and spectacular meltdown . . . and a searing inquisition into the political connections that make it all possible (Mary Childs, cohost of NPR's Planet Money and author of The Bond King)
A classic cautionary tale, as fun to read as it is disturbing. Meticulously reported and brilliantly narrated (Katherine Bell, formerly Editor in Chief, Quartz and Barron’s)
Mavin expertly unfolds a searing, unflinching, incisive, and definitively reported narrative on one of the great financial scandals of our time and the wreckage left in its wake . . . a must-read cautionary tale (Sean Silcoff, co-author, Losing the Signal: The Spectacular Rise and Fall of BlackBerry)
A keen eye for the colourful and at times absurd human drama
Powerful
Mavin knows how to keep you hooked . . . gripping
All stars
Most relevant
Thoroughly researched story of corporate greed and creative accounting well told by the author. I learnt a lot!

Loved it!

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A lot of detail and great reading. Such a cavalier approach to risk. Investors be damned when it comes to hubris and fees.

A Good Investigative Read

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An excellent detailed well researched book. Yet another example of investment bank aided chicanery and dodgy accounting.

Great read

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Really good investigations fantastic insight into in to one of the most amazing corporate failures ever

Very good loved it

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Detailed and interesting. I am not very knowledgeable about accounting but I found the narrator easy to listen to and understood the explanations of what had happened.

Enjoyable and informative

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