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The American Trap

My battle to expose America's secret economic war against the rest of the world
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( 680 ratings, 81 reviews)
Book Hero Magic crafted this summary to help describe this book. While it's new and still learning, it may not be perfect - your feedback is welcome! Summary
The American Trap recounts Frederic Pierucci's harrowing experience as a senior executive imprisoned by the FBI in a case that exposed a secret economic war waged by the United States against European companies. Arrested in 2013 and accused of bribery, Pierucci was detained for over two years, during which his company Alstom was forced to pay a historic financial penalty and cede control of key nuclear power assets to American rival General Electric. This gripping account reveals how American corporate law is employed as a powerful economic weapon impacting global business alliances.
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Format: Paperback / softback
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Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?

This book is ideal for professionals and students interested in international business, law, and geopolitics, as well as readers fascinated by real-life corporate dramas and economic espionage.

Book Hero thinking about your next read

This is the story of a man caught in the middle of what he came to recognise as a huge American destabilizing operation, illustrating how he plotted the key features of the secret economic war that the United States is waging against developed nations across the world.

Book Hero Magic formatted this description to make it easier to read. While it's new and still learning, it may not be perfect - your feedback is welcome! Description

In 2014, France lost part of the control of its nuclear power plants to the United States. Frederic Pierucci, former senior executive of one of Alstom's power company subsidiaries, found himself at the heart of this state scandal. His story goes to the very core of how he plotted the key features of the secret economic war that the United States is waging in Europe. And after being silenced for a long time, he has decided, with the help of journalist Matthieu Aron, to reveal all.

In April 2013, Frederic Pierucci was arrested in New York by the FBI and accused of bribery. The US authorities imprisoned him for more than two years – including fourteen months in a notorious maximum-security prison. In doing so, they forced Alstom to pay the biggest financial penalty ever imposed by the United States. In the end, Alstom also gave up areas of control to General Electric, its biggest American competitor.

Frederic's story unpacks how the United States is using corporate law as an economic weapon against its own allies. One after the other, some of the world's largest companies are being actively destabilised to the benefit of the US, in acts of economic sabotage that seem to be the beginning of what's to come...

The American Trap, co-authored by Pierucci, offers an insightful glimpse into these high-stakes international manoeuvres.

Book Hero Magic summarised reviews for this book. While it's new and still learning, it may not be perfect - your feedback is welcome! HOW HAS THIS BEEN REVIEWED?

Praised as a cautionary tale for executives of multinational corporations by Bloomberg, the book has been called a wake-up call for managers vulnerable to American legal risks by Frankfurter Allgemeine Zeitung. Le Figaro describes it as a legal thriller, while Le Journal du Dimanche labels it an extraordinary industrial saga that sends shivers down your spine. The narrative is framed by La Croix as a tale of war revealing covert economic conflict.

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Book Details

INFORMATION

ISBN: 9781529326871

Publisher: Hodder & Stoughton

Format: Paperback / softback

Date Published: 25 June 2020

Country: United Kingdom

Imprint: Hodder Paperback

Audience: General / adult, Tertiary education, Professional and scholarly

DIMENSIONS

Spine width: 28.0mm

Width: 126.0mm

Height: 196.0mm

Weight: 240g

Pages: 336

About the Author

Former senior executive of Alstom in the Philippines, Frederic Pierucci's life was turned upside-down on April 4th, 2013 when he was arrested by the FBI under the Foreign Corruption Practice Act that allows the arrest of anyone, anywhere for suspicion of corruption.

Matthieu Aron is a journalist and former associate director of the Nouvel Observateur and former managing editor at France Inter. He has followed Frederic Pierucci's story since the beginning.

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