Archived Financial Talent
Chapter 581 The Billion Dollar Scam
Chapter 581 Ten Billion Dollar Scam
As soon as Lin Feng and Chen Dajun finished talking on the phone, Old Morgan's call was called into Lin Feng's mobile phone.
"Mr. Lin, I have found out who is helping Bill behind the scenes."
When Lin Feng pressed the answer button, he heard the excited voice of old Morgan on the other end of the phone, but he didn't know that Lin Feng already knew who was behind Bill.
"Mr. Morgan, I regret to tell you that your news is of no use to me now."
"why?"
Old Morgan was stunned when he heard Lin Feng's words.
What's the situation?
At the beginning, Lin Feng showed a very caring attitude towards the people behind Bill, why is Lin Feng's attitude so indifferent now that he finally found out who it is.
"I already know who is behind Bill, and I will soon make him understand that there will be a price for offending me."
After Lin Feng finished speaking coldly, he hung up the phone.
Country M, in a senior ward of a well-known hospital.
Old Morgan was lying on the bed with a satellite phone in his hand, his face still full of doubts and incomprehension.
He didn't understand, how did Lin Feng know who was behind Bill? After all, even the Morgan family had spent a lot of effort to investigate this news, so how did Lin Feng know this news before him?
What's more, when he heard that Lin Feng was going to attack the person behind Bill, he couldn't turn his head around for a while.
When old Morgan received a report from the people below that the person who helped Bill was Bowen, it was difficult for him to get the news.
Old Morgan not only knew Bowen, but also had a great relationship with Bowen.
It turned out that the old Morgan had handed over $[-] million of the Morgan family to Bowen for management.
After all, like Bowen, it is very rare to provide investors with stable high-yield financial management every year. Even Warren Buffett, the stock god in country M, can't guarantee such a high income every year.
When the news that Bowen's annual investment income was very high was spread among the upper strata of society in country M, old Morgan naturally knew the news.
However, when the old Morgan at that time heard the news for the first time, he felt that Bowen was a liar. After all, how could there be such a high investment rate of return in the world without the slightest risk.
However, when the old Morgan sent people to investigate Bowen's details, they found no problems at all, and the feedback from various sources also showed that Bowen did give investors the promised investment income every year.
At the same time, the old Morgan also found out that when some investors applied for redemption of investment funds from Bowen, the other party also readily returned the funds to the other party, but Bowen also spoke, and he would list these people If they are blacklisted, they will no longer accept investment entrustment from these people in the future.
It was the summary of these news, so the old Morgan at that time also slowly accepted that Bowen was indeed a big investment man.
Then the old Morgan took advantage of the power of the Morgan family, and soon got an appointment with Bowen, and then handed over the Morgan family's [-] million US dollars of funds to the other party.
And so far, Bowen's side has indeed put the promised income into the Morgan family's account every year, and everything seems to be without the slightest problem.
After old Morgan lay in bed in a daze for several minutes, his originally dull eyes were full of spirit again.
"John, you call Bowen immediately and redeem the [-] million dollars that our Morgan family entrusted to him."
Old Morgan, who had already figured out the key point, quickly called his nephew.
After all, the [-] million dollars handed over to Bowen's management belongs to the Morgan family's property, not his old Morgan's private property.
Therefore, it is better to leave this matter to John, the current spokesman of the Morgan family.
"Uncle, why do you want to get back the funds that were placed with Mr. Bowen?"
"I think the investment income we placed with Bowen is good, and I plan to increase the investment."
When John suddenly heard a call from old Morgan, and the other party still asked him to redeem the wealth management funds placed with Bowen, he was full of doubts.
John also knew about this fund.
A few days ago, he even asked Bowen to drink coffee together.
At that time, John also told Bowen that the Morgan family would add more financial management funds to him later.
After all, in the past few years, Bowen has not had any problems helping the Morgan family manage their finances, and the five points of income promised every year have also come on time.
In John's opinion, since there are such good financial management channels, he should be bolder and invest more money in it.
Now that he suddenly heard old John say that he wanted to redeem all the investment funds placed with Bowen, John definitely disagreed in his heart.
"I will redeem it when I ask you to redeem it. Don't talk so much nonsense."
Old Morgan couldn't help being angry when he heard what John said.
Although he is no longer the speaker of the Morgan family, his majesty still exists. When he heard that John didn't listen to him, but was evading, he immediately became angry.
Old Morgan's angry shout immediately made John on the other end of the phone shut his mouth, and an ugly look appeared on his face, and his eyes became sharp.
But thinking of the current power of old Morgan in the Morgan family, John still did not continue to refute.
Although John has been in charge of the Morgan family for a while, he still hasn't completely controlled the Morgan family. The main reason is because of the old Morgan.
Now everyone in the Morgan family knows that although Old Morgan has been staying in the hospital and has not come out, there is no problem with Old Morgan's body at all.
So at this time, many people are thinking, what is the reason for old Morgan still staying in the hospital despite his health is fine?
Some people guessed that they hid in the hospital because they were afraid of John's suspicion when they went out; some people speculated that Old Morgan was setting up the layout in the hospital, and when he went out, he would take back the position of the lost family speaker.
Anyway, people in the Morgan family now have various speculations about what the old Morgan did, and it is for this reason that many people in the Morgan family have not yet chosen to stand in line.
If it was in the past, once the new speaker of the Morgan family came to power, no matter how loyal the person who was loyal to the previous generation of speaker would be, he would show his loyalty to the new speaker.
One emperor and one courtier.
We are all smart people, some things need not be said too clearly.
But when it comes to this generation, problems arise.
In the past, when Morgan's speaker changed, the old speaker gave way to the new speaker, promising to retire from the mountain in the future.
That's why those in the family have the guts to switch from the camp of the old talkers to the camp of the new talkers.
But now John is in the position because he was pushed up by the elders in the family, and it is not at all that the old Morgan voluntarily abdicated.
Moreover, after the old Morgan recovered, he hid in the hospital and did not come out. Many people had to guess that the reason why the old Morgan hid in the hospital was to avoid the persecution of the family elders.
Once the old Morgan is discharged from the hospital, the veterans here will definitely come to the door, let the old Morgan and John perform a power transfer ceremony, and let John sit in the seat of the speaker in a legitimate manner.
As long as old Morgan is not discharged from the hospital for a day, the elders of the family have no reason to go directly to the hospital to force old Morgan.
"Since my uncle has said so, then my nephew should follow suit."
John, who was suffocated in his heart, wanted to vent, but he knew that at this time, he must not go against the old Morgan.
Although he was very heartbroken that he would not have such a windfall in the future, but in order to secure his position as an official, John had no choice but to listen to old Morgan's words.
"This matter must be done immediately, otherwise things will change."
Old Morgan also heard that John's tone on the phone was wrong, but at this moment he didn't have time to think about these things.
After all, Lin Feng had already said on the phone that he wanted to make Bo Wen look good, which proved that Lin Feng had probably already done something to Bo Wen.
Old Morgan finally got to know Lin Feng now.
Not only is he ruthless, but he is also a ruthless person.
For those who offend him, they will not end well.
Whether it is Warren Buffett or the richest man Bill, there is no exception.
So Bowen's end, the old Morgan can already foresee it.
Old Morgan never thought of dealing with Bo Wen and Lin Feng, mediating the conflict between the two.
In old Morgan's heart, between Bo Wen and Lin Feng, he would choose Lin Feng without hesitation.
Although Bowen's side can indeed bring him a considerable amount of income every year, but after all, these are small money.
But the situation on Lin Feng's side is completely different.
Although Lin Feng did not promise to bring any clear benefits to the Morgan family, old Morgan knew that once the Morgan family and Lin Feng became good friends, it would definitely bring immeasurable benefits to the Morgan family in the future.
It is precisely because of this that the old Morgan tried his best to promote the Morgan family and the Star Group to jointly establish a chip factory.
Now there is an interest relationship between the Morgan family and Lin Feng. In this case, the two parties can be regarded as sitting on the same boat.
"Okay, uncle, I'll do it now."
John didn't understand why old Morgan was so anxious about this matter, but when he heard old Morgan's tone so serious, he didn't dare to neglect him in the slightest.
After hanging up the phone, old Morgan got up from the hospital bed, leaned his back on the head of the bed, and looked straight ahead slightly, but he didn't know what he was thinking.
In the center of New York City, a luxurious three-story villa.
An old man who appeared to be in his 60s was sitting in front of a large red desk. In the whole room, only a desk lamp above the desk gave off a faint warm yellow light.
The old man was Bowen.
In the past few days, Bowen always felt an ominous premonition in his heart, but he couldn't figure out where this ominous premonition came from.
At this time, Bowen, who was very upset, took out a short black pipe that had not been used for a long time from a side drawer, got some shredded tobacco, and when he was about to take a puff, he realized that he couldn't find a lighter anyway.
In the end, Bowen put the pipe back in the drawer with annoyance on his face, and his brows were full of uneasy emotions.
At this time, Bowen's cell phone rang suddenly.
His white eyebrows twitched slightly, then he picked up the phone, and when he saw the name of the caller ID on the screen, he felt a little relieved.
"Mr. John, call me this time. Is there any new progress in the things we talked about before?"
Bowen hastily pressed the answer button, with a hint of excitement in his tone.
After all, the difficulty he is currently encountering is money.
A few days ago, he met John, the spokesperson of the Morgan family, and during the chat with the other party, he was very excited when he heard that the other party planned to increase the Morgan family's investment in him.
After all, once there is new investment from the Morgan family, there will be a way to solve the difficulties on his side.
It turned out that due to the financial crisis in 2008, many rich people had no cash in their hands, so Bowen didn't have much money to manage last year.
But there are still many investors on his side who are waiting for the income promised by him, so these days he is worrying about where to get some funds to exchange the income of some investors first.
Bowen is very clear that his model looks very simple, and many people are like fools who have not seen that this is a scam.
But he knew very well in his heart that even if someone saw that his financial management was a scam during the process, those people would not tell it.
After all, for this matter, as long as everyone has money to make money, it doesn't matter whether he is a scam or not.
This is also the case, so Bowen will give priority to paying income to those bigwigs. As for those investors with small investment, they usually stay until the end.
In this process, the income must not be paid less.
Bowen is very clear that the reason why his scam can continue is because he sends the proceeds to investors on time every time.
Once the income on his side is not exchanged on time, investors will immediately become vigilant and suspicious, and it is very likely that a large-scale run will be triggered at that time.
But there is no money in Bowen's hands.
Over the past decade or so, most of the money from the fraud has been used for consumption by myself, and the other investors have to pay huge returns every year.
If the money Bowen bluffed for was really invested, at least there would be some surplus funds, but Bowen never used the money to invest at all.
His scam requires a steady stream of fools to fall into his trap, and then use the newly incoming funds to advance the high profits that have come in before.
Once no new investors come in, Bowen's model will basically go bankrupt.
And this is what Bowen is worried about now, because he will pay a large amount of high income next month, but he doesn't have enough cash in his hand.
(End of this chapter)
As soon as Lin Feng and Chen Dajun finished talking on the phone, Old Morgan's call was called into Lin Feng's mobile phone.
"Mr. Lin, I have found out who is helping Bill behind the scenes."
When Lin Feng pressed the answer button, he heard the excited voice of old Morgan on the other end of the phone, but he didn't know that Lin Feng already knew who was behind Bill.
"Mr. Morgan, I regret to tell you that your news is of no use to me now."
"why?"
Old Morgan was stunned when he heard Lin Feng's words.
What's the situation?
At the beginning, Lin Feng showed a very caring attitude towards the people behind Bill, why is Lin Feng's attitude so indifferent now that he finally found out who it is.
"I already know who is behind Bill, and I will soon make him understand that there will be a price for offending me."
After Lin Feng finished speaking coldly, he hung up the phone.
Country M, in a senior ward of a well-known hospital.
Old Morgan was lying on the bed with a satellite phone in his hand, his face still full of doubts and incomprehension.
He didn't understand, how did Lin Feng know who was behind Bill? After all, even the Morgan family had spent a lot of effort to investigate this news, so how did Lin Feng know this news before him?
What's more, when he heard that Lin Feng was going to attack the person behind Bill, he couldn't turn his head around for a while.
When old Morgan received a report from the people below that the person who helped Bill was Bowen, it was difficult for him to get the news.
Old Morgan not only knew Bowen, but also had a great relationship with Bowen.
It turned out that the old Morgan had handed over $[-] million of the Morgan family to Bowen for management.
After all, like Bowen, it is very rare to provide investors with stable high-yield financial management every year. Even Warren Buffett, the stock god in country M, can't guarantee such a high income every year.
When the news that Bowen's annual investment income was very high was spread among the upper strata of society in country M, old Morgan naturally knew the news.
However, when the old Morgan at that time heard the news for the first time, he felt that Bowen was a liar. After all, how could there be such a high investment rate of return in the world without the slightest risk.
However, when the old Morgan sent people to investigate Bowen's details, they found no problems at all, and the feedback from various sources also showed that Bowen did give investors the promised investment income every year.
At the same time, the old Morgan also found out that when some investors applied for redemption of investment funds from Bowen, the other party also readily returned the funds to the other party, but Bowen also spoke, and he would list these people If they are blacklisted, they will no longer accept investment entrustment from these people in the future.
It was the summary of these news, so the old Morgan at that time also slowly accepted that Bowen was indeed a big investment man.
Then the old Morgan took advantage of the power of the Morgan family, and soon got an appointment with Bowen, and then handed over the Morgan family's [-] million US dollars of funds to the other party.
And so far, Bowen's side has indeed put the promised income into the Morgan family's account every year, and everything seems to be without the slightest problem.
After old Morgan lay in bed in a daze for several minutes, his originally dull eyes were full of spirit again.
"John, you call Bowen immediately and redeem the [-] million dollars that our Morgan family entrusted to him."
Old Morgan, who had already figured out the key point, quickly called his nephew.
After all, the [-] million dollars handed over to Bowen's management belongs to the Morgan family's property, not his old Morgan's private property.
Therefore, it is better to leave this matter to John, the current spokesman of the Morgan family.
"Uncle, why do you want to get back the funds that were placed with Mr. Bowen?"
"I think the investment income we placed with Bowen is good, and I plan to increase the investment."
When John suddenly heard a call from old Morgan, and the other party still asked him to redeem the wealth management funds placed with Bowen, he was full of doubts.
John also knew about this fund.
A few days ago, he even asked Bowen to drink coffee together.
At that time, John also told Bowen that the Morgan family would add more financial management funds to him later.
After all, in the past few years, Bowen has not had any problems helping the Morgan family manage their finances, and the five points of income promised every year have also come on time.
In John's opinion, since there are such good financial management channels, he should be bolder and invest more money in it.
Now that he suddenly heard old John say that he wanted to redeem all the investment funds placed with Bowen, John definitely disagreed in his heart.
"I will redeem it when I ask you to redeem it. Don't talk so much nonsense."
Old Morgan couldn't help being angry when he heard what John said.
Although he is no longer the speaker of the Morgan family, his majesty still exists. When he heard that John didn't listen to him, but was evading, he immediately became angry.
Old Morgan's angry shout immediately made John on the other end of the phone shut his mouth, and an ugly look appeared on his face, and his eyes became sharp.
But thinking of the current power of old Morgan in the Morgan family, John still did not continue to refute.
Although John has been in charge of the Morgan family for a while, he still hasn't completely controlled the Morgan family. The main reason is because of the old Morgan.
Now everyone in the Morgan family knows that although Old Morgan has been staying in the hospital and has not come out, there is no problem with Old Morgan's body at all.
So at this time, many people are thinking, what is the reason for old Morgan still staying in the hospital despite his health is fine?
Some people guessed that they hid in the hospital because they were afraid of John's suspicion when they went out; some people speculated that Old Morgan was setting up the layout in the hospital, and when he went out, he would take back the position of the lost family speaker.
Anyway, people in the Morgan family now have various speculations about what the old Morgan did, and it is for this reason that many people in the Morgan family have not yet chosen to stand in line.
If it was in the past, once the new speaker of the Morgan family came to power, no matter how loyal the person who was loyal to the previous generation of speaker would be, he would show his loyalty to the new speaker.
One emperor and one courtier.
We are all smart people, some things need not be said too clearly.
But when it comes to this generation, problems arise.
In the past, when Morgan's speaker changed, the old speaker gave way to the new speaker, promising to retire from the mountain in the future.
That's why those in the family have the guts to switch from the camp of the old talkers to the camp of the new talkers.
But now John is in the position because he was pushed up by the elders in the family, and it is not at all that the old Morgan voluntarily abdicated.
Moreover, after the old Morgan recovered, he hid in the hospital and did not come out. Many people had to guess that the reason why the old Morgan hid in the hospital was to avoid the persecution of the family elders.
Once the old Morgan is discharged from the hospital, the veterans here will definitely come to the door, let the old Morgan and John perform a power transfer ceremony, and let John sit in the seat of the speaker in a legitimate manner.
As long as old Morgan is not discharged from the hospital for a day, the elders of the family have no reason to go directly to the hospital to force old Morgan.
"Since my uncle has said so, then my nephew should follow suit."
John, who was suffocated in his heart, wanted to vent, but he knew that at this time, he must not go against the old Morgan.
Although he was very heartbroken that he would not have such a windfall in the future, but in order to secure his position as an official, John had no choice but to listen to old Morgan's words.
"This matter must be done immediately, otherwise things will change."
Old Morgan also heard that John's tone on the phone was wrong, but at this moment he didn't have time to think about these things.
After all, Lin Feng had already said on the phone that he wanted to make Bo Wen look good, which proved that Lin Feng had probably already done something to Bo Wen.
Old Morgan finally got to know Lin Feng now.
Not only is he ruthless, but he is also a ruthless person.
For those who offend him, they will not end well.
Whether it is Warren Buffett or the richest man Bill, there is no exception.
So Bowen's end, the old Morgan can already foresee it.
Old Morgan never thought of dealing with Bo Wen and Lin Feng, mediating the conflict between the two.
In old Morgan's heart, between Bo Wen and Lin Feng, he would choose Lin Feng without hesitation.
Although Bowen's side can indeed bring him a considerable amount of income every year, but after all, these are small money.
But the situation on Lin Feng's side is completely different.
Although Lin Feng did not promise to bring any clear benefits to the Morgan family, old Morgan knew that once the Morgan family and Lin Feng became good friends, it would definitely bring immeasurable benefits to the Morgan family in the future.
It is precisely because of this that the old Morgan tried his best to promote the Morgan family and the Star Group to jointly establish a chip factory.
Now there is an interest relationship between the Morgan family and Lin Feng. In this case, the two parties can be regarded as sitting on the same boat.
"Okay, uncle, I'll do it now."
John didn't understand why old Morgan was so anxious about this matter, but when he heard old Morgan's tone so serious, he didn't dare to neglect him in the slightest.
After hanging up the phone, old Morgan got up from the hospital bed, leaned his back on the head of the bed, and looked straight ahead slightly, but he didn't know what he was thinking.
In the center of New York City, a luxurious three-story villa.
An old man who appeared to be in his 60s was sitting in front of a large red desk. In the whole room, only a desk lamp above the desk gave off a faint warm yellow light.
The old man was Bowen.
In the past few days, Bowen always felt an ominous premonition in his heart, but he couldn't figure out where this ominous premonition came from.
At this time, Bowen, who was very upset, took out a short black pipe that had not been used for a long time from a side drawer, got some shredded tobacco, and when he was about to take a puff, he realized that he couldn't find a lighter anyway.
In the end, Bowen put the pipe back in the drawer with annoyance on his face, and his brows were full of uneasy emotions.
At this time, Bowen's cell phone rang suddenly.
His white eyebrows twitched slightly, then he picked up the phone, and when he saw the name of the caller ID on the screen, he felt a little relieved.
"Mr. John, call me this time. Is there any new progress in the things we talked about before?"
Bowen hastily pressed the answer button, with a hint of excitement in his tone.
After all, the difficulty he is currently encountering is money.
A few days ago, he met John, the spokesperson of the Morgan family, and during the chat with the other party, he was very excited when he heard that the other party planned to increase the Morgan family's investment in him.
After all, once there is new investment from the Morgan family, there will be a way to solve the difficulties on his side.
It turned out that due to the financial crisis in 2008, many rich people had no cash in their hands, so Bowen didn't have much money to manage last year.
But there are still many investors on his side who are waiting for the income promised by him, so these days he is worrying about where to get some funds to exchange the income of some investors first.
Bowen is very clear that his model looks very simple, and many people are like fools who have not seen that this is a scam.
But he knew very well in his heart that even if someone saw that his financial management was a scam during the process, those people would not tell it.
After all, for this matter, as long as everyone has money to make money, it doesn't matter whether he is a scam or not.
This is also the case, so Bowen will give priority to paying income to those bigwigs. As for those investors with small investment, they usually stay until the end.
In this process, the income must not be paid less.
Bowen is very clear that the reason why his scam can continue is because he sends the proceeds to investors on time every time.
Once the income on his side is not exchanged on time, investors will immediately become vigilant and suspicious, and it is very likely that a large-scale run will be triggered at that time.
But there is no money in Bowen's hands.
Over the past decade or so, most of the money from the fraud has been used for consumption by myself, and the other investors have to pay huge returns every year.
If the money Bowen bluffed for was really invested, at least there would be some surplus funds, but Bowen never used the money to invest at all.
His scam requires a steady stream of fools to fall into his trap, and then use the newly incoming funds to advance the high profits that have come in before.
Once no new investors come in, Bowen's model will basically go bankrupt.
And this is what Bowen is worried about now, because he will pay a large amount of high income next month, but he doesn't have enough cash in his hand.
(End of this chapter)
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