American Kleptocracy
How the U.S. Created the World's Greatest Money Laundering Scheme in History
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Narrated by:
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Joe Dwyer
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By:
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Casey Michel
About this listen
A remarkable debut by one of America's premier young reporters on financial corruption, American Kleptocracy offers the first explosive investigation into how the United States of America built the largest illicit offshore finance system the world has ever known.
"An indefatigable young American journalist who has virtually cornered the international kleptocracy beat on the US end of the black aquifer." (The Los Angeles Review of Books)
For years, one country has acted as the greatest offshore haven in the world, attracting hundreds of billions of dollars, and potentially more, in illicit finance tied directly to corrupt regimes, extremist networks, and the worst the world has to offer. But it hasn’t been the sleepy, sand-splattered Caribbean islands, or even traditional financial secrecy havens like Switzerland or Panama, that have come to dominate the offshoring world. Instead, the country profiting the most from modern offshoring also happens to be the one that still claims to be the moral leader of the free world, and the one that claims to be leading the fight against the crooked and the corrupt: the United States of America.
From anonymous shell companies and legal inventions like “perpetual trusts” to public relations and lobbying shops willing to do anything they can to camouflage the source of the dirty money, the United States’ transformation into the center of global offshoring is complete. And while Donald Trump presented, in many ways, the ultimate culmination of the US’s descent, the country’s trajectory has been decades in the making.
American Kleptocracy will examine just how the United States’ implosion into a center of global offshoring took place: how states like Delaware and Nevada perfected the art of the anonymous shell company, and how post-9/11 reformers watched their success usher in a new flood of illicit finance directly into the US; how African despots and post-Soviet oligarchs came to dominate American coastlines, American industries, and entire cities and small towns across the American Midwest; how Nazi-era lobbyists birthed an entire industry of spin-men whitewashing trans-national crooks and despots, and how dirty money has now begun infiltrating America's universities and think tanks and cultural centers; and how those on the front-line are trying to restore America's legacy of anti-corruption leadership - and finally end this reign of American kleptocracy.
It will also look at how Trump’s presidency accelerated all of the trends already on hand - and how the Biden administration can, and should, act on this inheritance.
A Macmillan Audio production from St. Martin's Press
©2021 Casey Michel (P)2021 Macmillan AudioListeners also enjoyed...
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Critic reviews
"Casey Michel cuts through the spin, to reveal the inner workings of the American economy. His writing has shown again and again the subterfuges and secrecy at the heart of how money moves through the financial system, and does it with panache, wit, and a blessed aversion to jargon. I always read his work, and can't wait to read this one." (Oliver Bullough, author of the international best seller Moneyland: The Inside Story of the Crooks and Kleptocrats Who Rule the World)
"Casey is the foremost journalistic voice in the fight against kleptocracy. No other individual is so consistently on the case and interested in both the actors and the possible policy responses. His knowledge of the existential danger posed by kleptocracy is bar none, and we rely on his work like no one else to inform policy." (Paul Massaro, congressional policy advisor, US Helsinki Commission)
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The Billionaire Raj
- A Journey Through India's New Gilded Age
- By: James Crabtree
- Narrated by: Shridhar Solanki
- Length: 14 hrs and 42 mins
- Unabridged
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In megacities like Mumbai, where half the population live in slums, the extraordinary riches of India’s new dynasties echo the Vanderbilts and Rockefellers of yesterday. James Crabtree’s The Billionaire Raj takes listeners on a personal journey to meet these reclusive billionaires, fugitive tycoons, and shadowy political power brokers. Crabtree dramatizes the battle between crony capitalists and economic reformers, revealing a tense struggle between equality and privilege playing out against a combustible backdrop of aspiration, class, and caste.
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Engaging, authors politics could be reduced
- By Chris on 06-17-23
By: James Crabtree
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Trickle Down Tyranny
- Crushing Obama's Dreams of a Socialist America
- By: Michael Savage
- Narrated by: Pete Larkin
- Length: 10 hrs and 28 mins
- Unabridged
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Trickle Down Tyranny is the single book you need to stop Obama's emerging dictatorship before we lose all of our constitutional, God-given rights. These pages show you the dangerous laws and powergrabs of the Obama administration… and what we can do to stop this leftist gang from seizing another term in office. Obama is transforming us into a second-class nation, with communists and Islamists given free rein to expand their power.
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Brings Clarity to the Obama charade.
- By Mrs. Stolle on 04-05-12
By: Michael Savage
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Chain of Title
- How Three Ordinary Americans Uncovered Wall Street's Great Foreclosure Fraud
- By: David Dayen
- Narrated by: Kaleo Griffith
- Length: 13 hrs and 51 mins
- Unabridged
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In the depths of the Great Recession, a cancer nurse, a car dealership worker, and an insurance fraud specialist helped uncover the largest consumer crime in American history - a scandal that implicated dozens of major executives on Wall Street. They called it foreclosure fraud: Millions of families were kicked out of their homes based on false evidence by mortgage companies that had no legal right to foreclose.
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Capital Corruption and Greed
- By Anthony Freyberg on 07-30-16
By: David Dayen
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Detroit Resurrected
- To Bankruptcy and Back
- By: Nathan Bomey
- Narrated by: Jonathan Yen
- Length: 9 hrs and 31 mins
- Unabridged
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From thriving Motor City to the largest municipal bankruptcy in American history, Detroit has become the nation's cautionary tale. But what led to the fateful day of the filing, and how did the city survive this crisis? Journalist Nathan Bomey delivers the inside story of Detroit's decline and the people who fought to save it against impossible odds: Governor Rick Snyder, a self-proclaimed nerd; emergency manager Kevyn Orr, a lawyer with singular dedication; Judge Steven Rhodes, the city's conscience; and retirees who fought to ensure that Detroit kept its promises.
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Outsiders Perspective
- By Carl on 02-07-17
By: Nathan Bomey
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The Wizard of Lies
- Bernie Madoff and the Death of Trust
- By: Diana B. Henriques
- Narrated by: Pam Ward
- Length: 16 hrs
- Unabridged
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Who is Bernie Madoff, and how did he pull off the biggest Ponzi scheme in history? These questions have fascinated people ever since the news broke about the respected New York financier who swindled his friends, relatives, and other investors out of $65 billion. Many have speculated about what must have happened, but no reporter has been able to get the full story - until now. Diana B. Henriques of the New York Times has written the definitive book on the man and his scheme.
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The best of 3 madoff books
- By Angela willis on 03-18-13
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The Great American Stick Up
- Greedy Bankers and the Politicians Who Love Them
- By: Robert Scheer
- Narrated by: Christian Rummel
- Length: 6 hrs and 12 mins
- Unabridged
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Instead of going where other journalists have gone in search of this story - the board rooms and trading floors of the big Wall Street firms - Scheer goes back to Washington, D.C., a veritable crime scene, beginning in the 1980s, where the captains of the finance industry, their lobbyists and allies among leading politicians destroyed an American regulatory system that had been functioning effectively since the era of the New Deal.
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A great telling of an unfortunate part of history
- By Trace on 10-27-20
By: Robert Scheer
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God's Bankers
- A History of Money and Power at the Vatican
- By: Gerald Posner
- Narrated by: Tom Parks
- Length: 21 hrs and 53 mins
- Unabridged
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From a master chronicler of legal and financial misconduct, a magnificent investigation nine years in the making, this book traces the political intrigue and inner workings of the Catholic Church. Decidedly not about faith, belief in God, or religious doctrine, this audiobook is about the church's accumulation of wealth and its byzantine entanglements with financial markets across the world.
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The book was really good till it wasn't.
- By Dr. JSH on 06-05-16
By: Gerald Posner
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Too Good to Be True
- The Rise and Fall of Bernie Madoff
- By: Erin Arvedlund
- Narrated by: Karen White
- Length: 12 hrs and 57 mins
- Unabridged
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Erin Arvedlund, the financial reporter who questioned the amazing returns of Bernie Madoff's hedge funds way back in 2001, traces the life of the infamous swindler and addresses the tough questions surrounding the collapse of his Ponzi scheme.
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Doesn't add much more that a lot of details.
- By Robert on 11-07-10
By: Erin Arvedlund
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Other People's Money
- Inside the Housing Crisis and the Demise of the Greatest Real Estate Deal Ever Made
- By: Charles V. Bagli
- Narrated by: David Drummond
- Length: 12 hrs and 41 mins
- Unabridged
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In just over three years, real estate giant Tishman Speyer and its partner, BlackRock, lost billions of investors' dollars on a single deal. In Other People's Money, Charles V. Bagli, the New York Times reporter who first broke the story of the sale of Stuyvesant Town - Peter Cooper Village takes listeners inside the most spectacular failure in real estate history, using this single deal as a lens to see how and why the real estate crisis happened.
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Solid
- By BryanW on 05-22-24
By: Charles V. Bagli
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The Hellhound of Wall Street
- How Ferdinand Pecora's Investigation of the Great Crash Forever Changed American Finance
- By: Michael Perino
- Narrated by: George K. Wilson
- Length: 14 hrs and 34 mins
- Unabridged
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In The Hellhound of Wall Street, Michael Perino recounts in riveting detail the 1933 hearings that put Wall Street on trial for the Great Crash. Never before in American history had so many financial titans been called to account before the public, and they had come within a few weeks of emerging unscathed. By the time Ferdinand Pecora, a Sicilian immigrant and former New York prosecutor, took over as chief counsel, the investigation had dragged on ineffectively for nearly a year and was universally written off as dead....
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Great Story
- By Lynn on 03-22-11
By: Michael Perino
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Bought and Paid For
- The Unholy Alliance Between Barack Obama and Wall Street
- By: Charles Gasparino
- Narrated by: Lloyd James
- Length: 9 hrs and 32 mins
- Unabridged
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According to business reporter Charles Gasparino, President Obama is faking his outrage at Wall Street, and his calls for new policies to rein in banks that are "too big to fail" are just pabulum. In reality, Obama has climbed into bed with Wall Street CEOs, giving them what they want so they will support his liberal, big-government agenda.
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Revealing and Convincing
- By Walter on 10-24-11
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Reckless Endangerment
- How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon
- By: Gretchen Morgenson, Joshua Rosner
- Narrated by: L. J. Ganser
- Length: 11 hrs and 57 mins
- Unabridged
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In Reckless Endangerment, Gretchen Morgenson, the star business columnist of The New York Times, exposes how the watchdogs who were supposed to protect the country from financial harm were actually complicit in the actions that finally blew up the American economy.
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Required reading
- By David on 10-24-11
By: Gretchen Morgenson, and others
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Private Empire
- ExxonMobil and American Power
- By: Steve Coll
- Narrated by: Malcolm Hillgartner
- Length: 24 hrs and 16 mins
- Unabridged
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Steve Coll investigates the largest and most powerful private corporation in the United States, revealing the true extent of its power. ExxonMobil’s annual revenues are larger than the economic activity in the great majority of countries. In many of the countries where it conducts business, ExxonMobil’s sway over politics and security is greater than that of the United States embassy. In Washington, ExxonMobil spends more money lobbying Congress and the White House than almost any other corporation. Yet despite its outsized influence, it is a black box.
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Please no more accents!
- By Zak on 07-24-12
By: Steve Coll
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American Conspiracies
- Lies, Lies, and More Dirty Lies That the Government Tells
- By: Jesse Ventura, Dick Russell
- Narrated by: George K. Wilson
- Length: 10 hrs and 14 mins
- Unabridged
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In this explosive account of wrongful acts and ongoing cover-ups, Jesse Ventura takes a systematic look at the wide gap between what the American government knows and what it reveals to the American people. For too long, we the people have sat by and let politicians and bureaucrats from both parties obfuscate and lie. And according to this former Navy SEAL, former pro wrestler, and former Minnesota governor, the media is complicit in these acts of deception.
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Lots of things you didn't know but should
- By Susan on 12-14-10
By: Jesse Ventura, and others
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From the United States and Britain to continental Europe and beyond, liberal democracy is under siege, while authoritarianism is on the rise. In Twilight of Democracy, Anne Applebaum, an award-winning historian of Soviet atrocities who was one of the first American journalists to raise an alarm about antidemocratic trends in the West, explains the lure of nationalism and autocracy. In this captivating essay, she contends that political systems with radically simple beliefs are inherently appealing, especially when they benefit the loyal to the exclusion of everyone else.
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Modern Dictators & President who wants to be them
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Fearless Speech
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In Fearless Speech, Dr. Mary Anne Franks emphasizes the distinction between what speech a democratic society should protect and what speech a democratic society should promote. While the First Amendment in theory is politically neutral, in practice it has been legally deployed most visibly and effectively to promote powerful antidemocratic interests: misogyny, racism, religious zealotry, and corporate self-interest—in other words, reckless speech. Instead, Franks argues, we need to focus on fearless speech.
By: Mary Anne Franks
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Crime Dot Com
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- By: Geoff White
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Geoff White charts the astonishing development of hacking, from its birth among the ruins of the Eastern Bloc to its coming of age as the most pervasive threat to our connected world. He takes us inside the workings of real-life cybercrimes, revealing how the tactics of high-tech crooks are now being harnessed by nation states. From Ashley Madison to election rigging, Crime Dot Com is a thrilling account of hacking, past and present, and of what the future might hold.
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amazing book !
- By thorhcm on 08-21-22
By: Geoff White
What listeners say about American Kleptocracy
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- David B Weiding
- 01-27-22
Reality Strikes
This is an essential book for anyone seeking to understand politics of today's America. The book covers things we know to be true, but the extent of the corruption if America is surprising and terrifying. Though both parties play to some extent, this result is the outcome of the breaking of American government by the GOP. Regulating business and reigning in broken state governments is vital. Well told tale with examples and cases to balance policy discussions.
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- Diana C Davis
- 03-20-22
Follow the money…
That was a real eye opener- almost sad to think we (American voters) are complicit in enabling all these things to transpire- and further amazing to think how many Americans just love the Trump organization- and how he ‘drained the swamp’ along with trying to decide if I’ve been alive for any positive presidents who truly had moral or ethical principles? Republicans/Democrats can’t seem to decide which is worse. Thank you for your research- and publishing this information. Wow, just, wow!
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- Carol Hannon
- 10-24-24
Relevant topic for today
I learned a lot about the hiding of money by foreign nationals in US banks. Fascinating material well presented, easy to understand. Good narration.
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- Philo
- 11-05-22
It's okay. I prefer The Flow of Illicit Funds ...
... which I just reviewed here. This one is entertaining, I guess. I wanted something more systematic in its coverage, not a few glossy stories. I hear about another sports car or L.A. mansion, and I glaze over. Who cares about that trash? There was some reasonably current discussion about what the enforcers are doing.
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1 person found this helpful
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- tracymflourish
- 01-13-23
Really Good Read
This book was very clear and educational. Audio book speaker had an overly rapid cadence.
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- Jacob Salisbury
- 08-31-22
Eye opening
Everyone should read/listen to this book. It will really explains how how corrupt our financial system is.
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- Sue S. Wilson
- 02-27-22
American Kleptocracy
This is a very important book. It is so relevant helping everyday people like me have a far better understanding of how dirty money has been lawfully laundered!! Because of the current situation with Russia and Ukraine,we hear the word oligarchy and how oligarchs and their money has become part of the focus on sanctions. A clear and concise reporting of the subject.
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- "teebalicious"
- 11-30-24
Enraging, as it should be.
Immaculate in its research, clear in its prose, and vitally important in subject matter, this book will have you reaching for the next page as well as your blood pressure meds. One of the most important books for understanding the economy to come, and how to fight back.
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- Amazamiac
- 11-30-24
It’s what’s upstream of America’s political problem
It’s an honorable act to pull babies out of the river but it begs the question: why are there babies in the river? If we look upstream, we might be able to see. For someone like me who has never been able to grasp what’s going on in politics b/c it’s too big and complex, this book shifts everything into focus. I see the problem and am able to have relevant political discussions. I wish I knew about Am. Kleptocracy before the 2024 election. Fortunately the author gives me hope - even with Trump in office - by informing its readers to know what efforts endorse!
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- Thomas Scarlato
- 12-02-21
gripping telling of an important invisible story
America is a playground for the world's greediest thieves. They steal from the people they are entrusted to lead plundering their own countries. Then, to use their Ill gotten wealth they plunder the United States. Worse, American governments help them do it. We are all victims of kleptocracy and it's time we knew about it.
American Kleptocracy tells this complex story in an engaging and relatively easy listen.
Listeners may start looking at the expensive empty homes in their cities, the grand investments that go nowhere, factories that are bought with great promise then slide into disrepair, or the names on the side of school buildings and ask "where did that money come from and why is it not doing anything?"
Whence is the money!?!?
Excellent book. highly recommended for anyone into true crime, nonfiction, economics, foreign policy, or wants to know what really happened to their town.
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4 people found this helpful