The Son of Finance of the Great Age

  Chapter 689 Ponzi scheme

   "The world is hard!"

Madoff shook his head and sighed for a while, before he said, "Because of the subprime mortgage crisis, the world economy has entered a period of depression. There is no hope of economic recovery in the short term, but now we are looking for a change." It's time."

"But for us, these are not problems!" The next moment, Madoff immediately put on another face and said confidently, "I can make money when it goes up, and I can still make money when it goes down. I can't make money when it fluctuates, but I won't lose money either. Why, Mr. Zhong, is your recent performance unsatisfactory?"

  He took it for granted that Zhong Shi misjudged the situation, so he planned to listen to other people's opinions. Little did they know that Zhong Shi had already earned more than 10 billion US dollars in profits this year, making it the most profitable year for Tianyu Fund.

  Zhong Shi smiled, did not answer his topic, and continued to ask: "Mr. Madoff, can you tell me about your investment strategy? If you can convince me, I will seriously consider the investment."

   "Really?" Madoff's face brightened, but then he fell into a deep thought, and did not speak for a long time.

  Naturally, the investment strategy is the top secret of a fund. When facing non-professionals or different types of fund managers, these will not be a problem. But in the face of Zhongshi, a well-known figure, Madoff certainly refused to disclose these secrets. But to convince potential investors, explaining investment strategies is an inevitable procedure, so Madoff was caught in a dilemma for a while, and it was difficult to make a choice.

  Of course, these performances were conjectured by Zhong Shi and Jiang Shan, and only Madoff himself knew the real situation.

"This...to tell the truth, in fact, when the year is good, our fund mainly buys large-cap growth funds and subscriptions for fixed shares." Madoff pondered for a while, and finally said, "When the year is bad, the main It is to sell ETF funds and S&P 500 options, and then assist other anti-risk stock portfolios. Although the income is relatively low, there is a growth rate of at least one point every month, and this is where our success lies.”

"that's it?"

  Zhong Shi and Jiang Shan glanced at each other, and they both saw the surprise in each other's eyes. Jiang Shan even blurted out and asked, "A fund with a management fund of nearly 20 billion US dollars can't rely on these strategies to make money?"

  According to Madoff's explanation, it is difficult for these combinations to earn 200 million dollars a month. Especially when the year is good, the combination is even more unbelievable. It is important to know that large-cap growth funds and fixed-amount equity subscriptions are known for their ultra-low risks and returns. How could it be possible to achieve an annualized return of 10% on a return that was originally almost risk-free.

"Of course, we will also make some aggressive investments, and it is not convenient for us to disclose the varieties and positions of this part!" Madoff quickly explained, "However, what I can disclose to the two of you here is that in October, Our fund successfully seized the opportunity of Porsche Group’s short squeeze, bought a large number of Volkswagen Group call options, and made a huge profit.”

"yes?"

  Zhong Shi's heart moved, but his face remained unchanged, pretending to be curious, "Your fund actually participated in this transaction? Wow, it's really amazing!"

Contrary to Zhong Shi's reaction, Jiang Shan's self-cultivation skills were a bit weak. At this time, he was confused, his face was full of doubts, his eyes kept going back and forth on Madoff's face, and his brows were unconscious. Frown high.

   "This is also a coincidence!"

Madoff didn't realize that he was standing in front of the owner of the whole matter, and he still said triumphantly, "It's actually good luck. After our traders carefully studied the trading rules of the Frankfurt market, they decided to be long on the Volkswagen Group. The bullish option is a good investment choice, so we secretly bought a lot of Volkswagen Group options. Later, as expected, the Porsche Group also discovered this rule. When they planned to buy the shares of the Volkswagen Group, the market There isn't enough share left."

"Then I don't know why, the Porsche Group actually found out that we had a large number of options for the Volkswagen Group on hand, so we came to the door. After some bargaining, we finally transferred part of the options to the Porsche Group, which caused This led to the subsequent long-short squeeze. Although we did not participate in the end, we still made more than $2 billion in profits by selling options.”

The more Madoff said, the more excited he became. He didn't realize that although Zhong Shi's smile remained the same, his eyes became colder and colder. Jiang Shan's face was full of shock, and he couldn't even close his mouth. up.

"Don't get too excited, these are just some trivial things we have done." Regarding Jiang Shan's reaction, Madoff thought that the other party was shocked, and even waved his hand proudly, pretending to be modest and said, "Similar We have done a lot of things, but you should be clear that some things are really not easy to leak, so as not to offend people. But since I have disclosed it to this extent, you two should believe in my fund's ability to make money, right?"

"If all this is true, I really admire your company's analysis level and profitability!" Zhong Shi's words made Madoff startled, but before he could think about it, Zhong Shi went on to say, "Exactly, I Here is Mr. Wolfgang Porsche's phone number, I just asked him to verify the authenticity of the matter, I wonder what Mr. Madoff thinks?"

Before Madoff could stop him, Zhong Shi took out his mobile phone and dialed Wolfgang Porsche, "Mr. Wolfgang Porsche, are you familiar with Mr. Bernard Madoff from the United States?" ?”

"Bernard Madoff, I've never heard of this name!" Wolfgang Porsche's strange voice came from the microphone, "I've never dealt with him before, what does this gentleman do? It's the same as you, Are you a financial investor?"

"It's nothing, I'm with Mr. Madoff right now. He said he is familiar with people from the Porsche Group, so I'm asking if he's your friend?" Zhong Shi explained casually, looking at Madoff jokingly. , waiting for his explanation below.

When Zhong Shi made the phone call, Madoff had already realized that something was wrong. At this time, he was sweating profusely, and his heart turned sharply, which made him think of a way to lie in a hurry, "Mr. Porsche, I am Bo Nader Madoff, an American investor, I am very happy to meet you. Actually, I have never met you, but I know Mr. Wedekin, the CEO of your company, and we have done transactions together." He rushed Zhongshi explained before.

   "I did business, what kind of business did you do?" Wolfgang Porsche didn't understand what happened, but asked subconsciously.

  Up to now, Madoff can only bite the bullet and say: "It's an option. I once sold him a part of the option." He never mentioned what type of option it was, naturally intending to confuse this matter.

   "What option?" Wolfgang Porsche was even more confused about the situation. He didn't understand the reason for Zhongshi's call, nor what the origin of this person was, so he could only continue vaguely. Unexpectedly, the words he asked all hit Madoff's life goal right on the ground, making the other party not know what to say for a while.

"Okay!" Seeing that it was almost done, Zhong Shi explained to Wolfgang Porsche in a low voice, hung up the phone, and then said to Madoff, "Sorry, Mr. Madoff, it's not that I don't believe it, It’s just that I’m used to doing my due diligence before investing.”

   "Understood, understood!" Madoff forced a smile and said, not forgetting to tease himself, "I just don't know if I passed it?"

  At this time, he still didn't give up, which made Zhong Shi realize that this person has lost his mind and there is no possibility of saving him.

   "Mr. Madoff, have you heard of several very special deceptions in the process of human development?"

Zhong Shi stood up, walked slowly to the window, looked at the bustling port outside, and said indifferently, "Napoleon's scam, pyramid scheme, Ponzi scheme, Spanish prisoner scam..." Zhong Shi said a dozen kinds in one breath. After the classic scam, he turned around and said with a smile: "I just don't know, what kind of scam is your fund?"

   Madoff suddenly felt as if he had been hit in the heart by a heavy hammer, his face instantly turned extremely pale, beads of sweat gushed out from his forehead, and his whole body was drained of strength in an instant, and he slumped on the seat.

   "Attract investors with stable returns, and actually use the money of new investors to repay the returns of previous investors. As long as there is a continuous inflow of funds, this scam will never be exposed!"

   Seeing Madoff’s appearance, Zhong Shi still didn’t understand, and immediately exposed the other party’s tricks, “I think, if there is no large amount of redemption, your deception will continue, right?”

"Such a big Ponzi scheme, it's hard for you to only provide you with an annualized return of 10%, otherwise it would have been exposed long ago!" Zhong Shi praised sincerely, "People's hearts are greedy, but you have grasped people's hearts more accurately. It’s no wonder that the greed and fear of risks can be maintained for ten years, and even I was almost fooled!”

"It's just that you overlooked one point. Even if your fund is not a scam, but if the real investment return can reach 10%, I will not be tempted. What I can tell you is that even this year, Tianyu Fund's return rate is 10%. It's not lower than this number. You say, will I be tempted?"

  Zhong Shi had already walked in front of Madoff, looked at him with a smile on his face, and couldn't help shaking his head, "Mr. Madoff, you really found the wrong person!"

  Zhong Shi thinks his smile is very close to others, but in Madoff’s heart, this smile is like the devil’s smile, ferocious and terrifying, which makes people chill.

   "I just have one question!"

   After a long while, Madoff stretched out a finger tremblingly, and with some courage asked, "How do you know all this is a hoax?"

   "Hey, you old crook, you lied to us about the Porsche!"

Jiang Shan, who hadn't spoken for a long time, laughed back angrily, and said gloomily, "Old liar, do you know who planned the Porsche short squeeze? To tell you the truth, we planned it behind the scenes! Bah, it's just you Like this, you still want to lie? Get out of here!"

  It turned out that Li Kui met Li Gui, and Madoff felt bitter. How could he know that no matter how extravagant he said, Zhong Shi would never invest in this so-called "stable return" fund.

  The so-called "stability" has always been a scam!

"Since this is the case, then I won't keep it!" Madoff wiped the sweat from his forehead, and hurriedly walked outside, but when he reached the door, he suddenly remembered something, and asked again, "Mr. Zhong, You won't talk about it, will you?"

   "Get out!" Jiang Shan was already impatient, waving his fists and threateningly said, "Let me see you again, and hit once!"

"Wait a minute!" Zhong Shi stopped Jiang Shan's rudeness with a wave of his hand, and said lightly to Madoff, "Mr. Madoff, I believe that your deception won't last long without me exposing it? Don't deny it, or you will also You won’t be in such a hurry to find new funds, and the scale is still so big! Now, let’s not bother to make a deal, you tell me who your investors are, and I won’t take the initiative to expose you, what do you think?”

   Thanks to book friends Molong Zhangui, Jiangnan Liu Feiyan, jevonscoffee, Flying Feifei for voting monthly tickets!

  (end of this chapter)