The Son of Finance of the Great Age

  Chapter 691 Death of Fund Manager (2)

On December 23rd, the lights in New York were bright at night, and the streets were crowded with people. Although the weather was not perfect, and there were still a few scattered snowflakes, the faces of the people passing by were filled with a kind of festive joy, the most important day of the year. Christmas is finally here.

"Keep the change!"

  In the corner of Times Square, Delavie Lachter took out a hundred-dollar bill and said lightly to the black driver.

The black driver's face immediately revealed a joyful expression, but he flicked the banknote, put it on his thick lips and kissed it, and then said with a smile: "Thank you, sir. I wish you a happy Christmas! "

"Merry Christmas!"

  Delavie Recht replied blankly, then stumbled towards the center of the square.

The taxi driver also noticed Delaware Lechter's anomalies, but during this period of time, there were a lot of drunk people, and the driver only thought that Delaware Lechter was drunk, so he was satisfied just by looking at the other party. drove away.

   After Madoff voluntarily surrendered and admitted that the fund he managed was a long-term Ponzi scheme, the entire global financial community exploded. For the fact that a man who was once the chairman of Nasdaq turned out to be the biggest liar in history, many people did not believe it at first, and then found it incredible. When the cheated list was listed one by one, they were even more shocked, because on this list were some well-known institutions, including many hedge funds and large commercial banks.

  Even they were deceived, which shows how clever Madoff's deception is!

  Delavie Rechter's fund is also among them. Among the total funds of 2.8 billion US dollars, he has invested a total of 2.1 billion US dollars, accounting for 75% of the entire management scale. This fund is not the most invested. Fairfield Greenwich Group has invested a total of 7.5 billion US dollars, and Spain's Santander Bank and Austrian Bank have also invested more than 2 billion US dollars. But in terms of proportion, the fund managed by Tong International and managed by Delavie Recht is the highest, so his end may also be the most tragic.

Because the Ponzi scheme uses new funds to pay the interest (income) of the first funds, when there is a huge redemption of 7 billion US dollars, Madoff has no way to continue to maintain the scam. After searching for new funds around the world to no avail, He had to choose to surrender himself.

  Although on the 12th, Tong International Group sent a letter to investors to explain the situation. In the email, they frankly purchased several funds of Madoff, and promised to recover losses for investors as much as possible through means. But for the victims of the Ponzi scheme, it is basically impossible to recover these funds, and the final result can only be comforting.

  As for Delavie Lachete himself, things are far from that simple. The email he sent to investors in September became the deadliest evidence.

   "Boss, where are you?"

Amidst all the colorful lights, De La Villecht had been walking aimlessly for half an hour. No one knew him here, and no one bothered him. When he was enjoying a rare moment of tranquility, the phone in his arms was untimely. The ground vibrated, and after a while he slowly took out his cell phone and connected the call. As expected, an annoying voice came from the phone. It was his assistant, a young man named Kustro, "People from the legal department Just got a call and they said there was an emergency to discuss in thirty minutes."

   "Okay, I'll be right back!"

  Della Virecht hung up the phone silently, staring blankly at the bustling streets and the colorful screen walls, and stayed like this for five minutes before turning around abruptly, with a look of determination on his face.

  Coincidentally, when De La Villechter got into the taxi again, the driver turned out to be the black man who had just sent him over. When he saw that the customer was the high-flyer half an hour ago, the black driver had a satisfied smile on his face.

   "Sir, where are you going this time?"

"central Park!"

  Delavie Lachet smiled, feeling a little unbelievable in his heart. In such a big city, the chance of meeting the same person on the same day is almost negligible, but it happened to him.

   "Okay, let's go!"

  The black driver yelled, quickly started the car, and moved forward slowly in the light snow.

  Because of the bad weather and a lot of cars on the road, the taxi inevitably got stuck on the road shortly after it left. Seeing that Delaware Latchett was well-dressed, the black driver gave up listening to rap and started trying to chat with customers, which is a common way for taxi drivers to relieve boredom.

   "Sir, the weather is not bad, at least there is no blizzard, isn't it?" The black driver first shifted the topic to the weather.

  Della Viletchet is no exception, "It is indeed good. So far, there has been no blizzard in New York this year. Presumably those institutions that are long on oil and gas will be unlucky!"

   "Short oil and natural gas?" The black driver's eyes lit up, "Excuse me, sir, are you a fund manager?"

   "Do you know me?" Delaware Recht was a little surprised, pointing to his nose and asked, "Have you seen me? Or do you know who I am?"

"Sorry sir, I don't know you." The black driver smiled and explained while observing the road conditions, "Just now you said you were going to Central Park, and you said something about investment. I judged from these that you are a fund manager of."

  Seeing the relieved look on Dravie Recht's face, he tried to continue the conversation: "Are you an energy investor?"

   "You guessed it wrong this time!" De La Vilechter said lightly, "My fund has nothing to do with energy investment, it's a completely different field."

"Really?" The black driver shrugged, with a disapproving expression on his face, and continued, "By the way, I heard that there is a scammer in the fund industry recently. His name is Madoff. Sir, you are a professional and know that he is How did you lie to me?"

   "..."

  Delavie Recht was speechless for a while, and it took a long time before he said, "Actually, it's nothing special, it's just a cheap trick to tear down the east wall to make up for the west wall!"

"It turned out to be that simple!" The black driver winked for a while, and then said with emotion, "I didn't expect it to be so simple. Those who were deceived should be thousands of times smarter than me. How could they be fooled? Where are the big banks!"

  The speaker has no intention, but the listener has the intention. Delavie Lachet was speechless for a while, but his heart was like a sea of ​​​​overwhelming. Yes, such a simple truth, why didn't I see it?

   Seeing that Dravie Lechter was silent, the black driver looked at the rearview mirror and shut his mouth wisely. The car quickly fell into silence.

   Not long after, the taxi arrived at the destination. To the disappointment of the black driver, Delavie Rechter didn't give him a hundred-dollar bill this time, but just took out a small-denomination bill of twenty dollars to send him off.

   “Things are tricky, and investors are likely to file lawsuits, even class actions!”

In the office, a group of lawyers in suits and ties had been waiting for a long time. When Dravie Latchett sat down, one of the lawyers who looked like the leader said solemnly, "The main unfavorable factor is that the email , with that email, they can allege that we did not do our due diligence, at least in that regard we are very disadvantaged."

   "William, what happens if we lose the case?"

   What puzzled a group of lawyers was that Delavie Lachete didn't show much worry, but said lightly: "I mean, what will the worst result be?"

"The worst outcome..." The lawyer named William pondered for a moment, and replied hesitantly, "The company should not bear all the debts, and you, as the fund manager, should be responsible for part of it. Although the amount will not be much, according to the laws of the United States It is enough to make you bankrupt. According to the current situation, I am afraid that you will spend the rest of your life in poverty."

   "Do you have nothing?" Delavirecht finally had a flash of fear in his eyes, slowly lowered his head, and muttered to himself in a low voice, "I didn't expect that I would have such a day in my 60s!"

   "No matter what, we will do our best!"

After William talked about some legal details, he stood up and patted Delavie Latchett on the shoulder as a sign of encouragement, "During this time, don't worry about these things. What we said Yes, they are all the most serious cases. In fact, it is still unknown whether our clients will sue. After all, even if they do sue, they will not be able to get their principal back.”

   "Trouble everyone!"

  Dravillecht barely pulled himself together, shook hands with the legal team one by one, and then sent them out of the office.

   "Boss, are you okay?"

Delavie Recht was lying on the boss's chair with his eyes slightly closed, but his heart was cold. He couldn't bear the loss of everything now, the days without mansions, golf, vacations, and members of high-end clubs. He wanted to I dare not even think about it.

   More importantly, all this will ruin his reputation, and everything his wife and children have now will also be wiped out, which is especially unbearable for him.

   At this moment, his assistant, Costello, came in with a cup of hot tea in his hand. Seeing Delavilecht's pale face, he asked with concern, "Do you want me to call the doctor?"

"fine!"

  Delavie Rechter waved his hand weakly, "Carter, let me be quiet for a while. By the way, I will live in the office tonight."

"OK!"

   Carter Custero agreed, tiptoed out, and closed the door from the outside.

  For fund practitioners, working overnight is quite normal, so it is common to sleep in the prepared rest room or even the office. At least Coustro did not notice anything unusual. By the time he saw his boss again tomorrow morning, De La Villecht had turned into a cold corpse.

   "Honey, are you asleep?"

   After Custro was driven away, Della Virecht took out a utility knife, towels, sleeping pills, and tranquilizers from the drawer, and put them all on the desk, and then dialed his wife's phone number.

   "Honey, aren't you coming back today?"

   A lazy voice came from the microphone, "How is everything settled?"

During this period of time, Mrs. de la Villecht clearly felt the restlessness of the person next to her pillow, and only after careful questioning did she realize that there was such a big mistake in her work, but she had no choice but to comfort De Ravellecht.

   "Things will get better tomorrow." De La Villechter said vaguely, and then added, "Honey, I love you."

   "I love you too!" His wife also didn't hear anything unusual, and still followed the habit formed over decades, and replied sweetly, "Honey, don't go to bed too late."

  Dravie Recht, who hung up the phone, let out a long breath with relief. He stood up, walked around the office that had been used for several years, touched every painting, every table and chair for a long time, and finally stopped his eyes on a trash can.

   "Can't dirty everything here!"

  He thought secretly, put the trash can on his right, and then began to inject tranquilizers in an orderly manner, and tied his wrist with a towel.

"everything is over!"

  The moment he cut his own veins with a utility knife, and bright red blood beads burst out of his wrist in an instant, Delavilecht thought so. Soon, as the tranquilizer took effect, his vision began to blur, and he finally fell into a deep sleep.

   And this sleep, he never woke up again.

   Thanks to the book friends Xingxiyuelang, Shadow K, Europe 56, for making me think about it, and voting for the monthly ticket like crazy! Thanks to book friend Gyl for the reward!

  (end of this chapter)