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

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The name for a pyramid in Egyptian is myr, written with symbol 𓉴 ( O24 in the Gardner Sign List). Myr is preceded by three other signs used as phonetics. The meaning of myr is unclear, as it only self-references the built object itself. By contrast architecture of similar function like 'temple', per-ka, is a compound of 'house' and 'soul'. It has been speculated myr belongs to a class of words like djed and ankh, which refer to objects already in existence when the Egyptian language split off from afroasiatic. [ citation needed] A typical translation of myr is given as 'High Place'. By graphical analysis, myr uses the same sign, O24, as benben. The benben is the mound of existence that rose of out of the abyss, nun, in the Egyptian creation myth. The relationship between myr and benben is further linked by the capstone architectural element of pyramids and obelisks, which was named benbenet, the feminine form of benben. 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”. He won a High Court challenge in 2019 against a court summons that claimed he had misled the public. The UK Statistics Authority said Mr Johnson’s claims were “a clear misuse of official statistics” (Photo: PA) Talking Turkey And so suddenly, you see sort of vast amounts of assets pouring into these Credit Suisse funds. In truth, just to echo what I said a little bit earlier, in truth, it wasn't just supply chain finance assets. It was, in fact, kind of loans to risky businesses, some of them complex steel businesses run by Sanjeev Gupta. And so this is Credit Suisse's clients' money. Some of it's pension fund money, some of it's big sovereign wealth fund money. Some of it's money from individual private clients.

Egyptian pyramids - Wikipedia Egyptian pyramids - Wikipedia

DUNCAN MAVIN: Yes. I mean I think that's also another really important point. And I think it's always very tempting with these kind of white collar scandals to think that there are no victims, but there are victims here, not least the 1,000 or so Greensill employees who lost their jobs. So Credit Suisse's role was to provide the funding for these supply chain finance transactions and other loans, although they might argue they didn't know that's what was happening.Exercise due diligence in selecting investments and the people with whom you invest—in other words, do your homework. Kratovac, Katarina (5 June 2008). "Egypt uncovers 'missing' pyramid of a pharaoh". Yahoo News. Associated Press. Archived from the original on 9 June 2008 . Retrieved 6 June 2008. 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. Mr Johnson last week issued a “humble and sincere” apology to Lord Geidt, his ethics adviser, for withholding the messages from an inquiry. Tory sleaze

Pyramid of Lies by Duncan Mavin - Ebook | Scribd Pyramid of Lies by Duncan Mavin - Ebook | Scribd

Watkin, David (2005). A History of Western Architecture (4thed.). Laurence King Publishing. p.14. ISBN 978-1-85669-459-9. Archived from the original on 12 January 2022 . Retrieved 17 October 2020. The Cameron government’s endorsement mattered commercially. Whitehall awarded Greensill contracts “for projects Greensill had proposed when working in Whitehall”. Greensill used the CBE the Conservatives gave him as a quality assurance mark, and in 2018 bagged the former prime minister himself. Work on the flat above No 11 began in April 2020, while the Prime Minister was in hospital with Covid. Reports at the time suggested his wife, Carrie Symonds, was horrified at the “John Lewis furniture nightmare” left behind by the Prime Minister’s predecessor, Theresa May, though she has denied the claims. A very well written account of a very complicated business that can be understood by anybody. There are explanations for all technical matters so that you are never left in doubt as to what was really going on. DUNCAN MAVIN: Yes, sure. Yes, he comes across that very early on in his career. So in his early 20s, in Australia actually working for a businessman there who had ideas about supply chain finance and the technology that could really sort of drive supply chain finance at that time, and he sort of developed his ideas around it through his career in Morgan Stanley and Citigroup and also working for the U.K. government as an adviser there.

“Most of these people were friends of his. They wouldn’t believe that someone close to them like that would be doing that.”

Lex Greensill had a simple, billion-dollar idea - democratising supply chain finance. Suppliers want to get their invoices paid as soon as possible. Companies want to hold off as long as they can. Greensill bridged the two, it's mundane, boring even, but he saw an opportunity to profit. However, margins are thin and Lex, ever the risk taker, made lucrative loans with other people's money: to a Russian cargo plane linked to Vladmir Putin, to former Special Forces who ran a private army, and crucially to companies that were fraudulent or had no revenue.