Society owes me a brother

Speaking of the most hated race in the M State Securities Regulatory Commission, apart from the "black-hearted capitalists" on Wall Street who have no bottom line and only want to make money, they are probably the gang of litigators who earn thousands of dollars an hour, are expensive, and help the evildoers.

Therefore, when Lu Chi walked into the gate of the Securities Regulatory Commission surrounded by the most famous lawyers in the entire country M, the staff of the entire Securities Regulatory Commission suddenly felt a headache, and clearly smelled the "copper stink" ".

Facing the curious or hostile eyes of the prosecutors, Lu Chi, who was surrounded by lawyers, looked at the decoration and furnishings of the CSRC office hall with great interest——

It feels like a normal office building.

"It seems that you are also very curious about us." California District Attorney Adolf Stephenson stepped forward, personally led Lu Chi to the conference room, and said in a friendly manner: "Sufficient curiosity is the catalyst for us to further understand each other. It's a good start."

Adolf Stephenson looks about 40 to [-] years old, with a suit and leather shoes, handsome, with a politician's smile on his elegant face-if you only look at the appearance, Lu Chi's judgment of the age of Western adults is not so accurate.Just like most westerners can't judge the age of an oriental person just from their appearance.

However, according to the information given to him by the legal team, Adolf Stephenson, who has just been promoted to the district attorney, is 45 years old.To be able to hold such a high position at this age, in addition to Adolf Stephenson's personal ability is good enough, the Stephenson family behind him also contributed a lot.

This is a very old family of politicians, with very deep connections and influence in the political circles of country M.It is also because of this that politicians from the Stephenson family know the "essence of politics" well, and they will not be as radical and sharp as civil servants from poor families.In fact, politicians from the Stephenson family have maintained a very tacit friendship with Wall Street and most capitals outside of Wall Street.After all, every time there is a general election or a state election in country M, no matter which party or position the politicians are in, they all need the support of capital.

So Adolf, the "Stephenson" who is young, has a great future and is highly praised by the family, still maintains a family demeanor in his attitude towards Wall Street.

After everyone was seated one after another, Adolf Stephenson did not forget to ask Lu Chi: "Do you want tea or coffee? In addition, our candies and biscuits are also good, would you like some?"

The persuasive tone is like a big parent coaxing children.

Lu Chi frowned. He didn't like the sticky feeling, as if he was wrapped in cotton and couldn't use his strength.

Seeing this, Adolf Stephenson couldn't help but smiled and said, "Don't be nervous, relax. It's just a routine conversation. We need to know some details. You just need to answer truthfully."

Sitting next to Adolph Stephenson was his right-hand man, Chief Assistant Attorney Toby Sangster.He flipped through a stack of materials on his desk, pretending to be surprised, and said: "Wow, the data shows that you are only this year. When I was your age, I only knew how to look up materials in the library every day. Or just feel sad for the girls who never look me in the eye..."

"I'm still a top student in the Finance Department of Stanford University." Toby Sangster crossed his hands on the information, shook his head and sighed: "A multi-millionaire. This feeling is really cool."

"You have a smart mind, precise vision, and amazing trading skills." Adolf Stephenson also opened the information at hand, and directly flipped to the transaction records displayed on Lu Chi's computer when he shorted AK Telecom: "...Look at Look at this transaction chart. At the beginning of February 2002, Eric Weiss publicly questioned AK Telecom’s profit model in front of the media, and broke the scandal of AK Telecom’s board of directors privately selling stocks. The next day, you are in AK Telecom’s daily At the price of 2 million yuan, he bought two million shares in 82, and increased the financial leverage by 2000 times. Immediately afterwards, AK Telecom broke the good news that it will cooperate with TR Automobile in M ​​country to enter the field of new energy vehicles. AK Telecom The stock price of AK Telecom has soared from 82.23M gold... Then on March 2002, 3, you decisively liquidated your position when AK Telecom's stock price rose to 8 yuan. Then, you bought an empty order worth 126.5 million M gold. The next day, that is, March 2002, 3, the stock price of AK Telecom plummeted all the way from 9 yuan, until May 126.7, 2002, when the stock price of AK Telecom dropped to 5M yuan, you just bought the bottom and left. After the service, AK Telecom filed for bankruptcy with the court..."

"You have such a precise grasp of the timing of buying and selling," Adolf Stephenson smiled at Lu Zhi, showing a mouthful of well-maintained white teeth, as if a wolf aiming at food had retreated from its elegant coat.He stared at Lu Chi with piercing eyes, tilted his head slightly, and asked with interest: "Can you tell us how you did it?"

Since AK Telecom filed for bankruptcy, Lu Chi's incredible talents, precise vision and meticulous trading methods have attracted everyone's attention in the process of shorting AK Telecom. Just like seeing a lion in a zoo, countless sincere or flattering compliments flooded in.Lu Chi's ears were almost callused.Even the professors of the Finance Department would take out Lu Chi's operation as a classic case to explain in class, and even invited Lu Chi to the podium to explain his trading philosophy to the students.After class, many girls and boys surrounded Lu Chi, and there was an endless stream of strike-ups.

Lu Chi, on the other hand, went from being shy and embarrassed at the beginning to getting used to it now, so that after hearing Adolf Stephenson's conclusion with a yin and yang attitude full of admiration while holding the chart, he still kept a polite smile calmly, with his arms folded. On the table, playing with a tube of black metal-covered pens on the conference table with little interest, completely lacking in the arrogance and wantonness of those young geniuses after sudden success as imagined by Adolf Stephenson and other prosecutors Invincible.

Of course, there is absolutely no panic that Lu Chi showed after being shocked by Adolf Stephenson's performance as everyone imagined.And the angrily defended by those lawyers.

"Seriously compare the financial statements published by AK Telecom in the past few years, and then calculate its return on investment based on the financial statements and business statements disclosed by AK Telecom..." Lu Chi said, pulling off the cap of the pen in his hand, and typing in the data He quickly listed a few formulas behind his back, and then brought the figures on the financial statements published by AK Telecom into the formulas, and patiently explained: "Normally, before auditing for a client, the auditor needs to Set the level of importance, the tolerance for error and the notional amount of SAD...Generally, we will set a range..."

Lu Chi sat in the conference room and talked eloquently.He looked more like a teacher lecturing in a college classroom than a witness subpoenaed by the SEC.

"We can see that if several important data in the financial statements released by AK Telecom in the fourth quarter of 2001 are introduced into these formulas, the obtained data do not conform to the conventional numerical range at all. Moreover, the accounting data used by AK Telecom in many places The standards are also wrong, which means that the auditors of ABC Accounting Firm deliberately obscured the real business model of AK Telecom during the audit process..."

A pen, a few sheets of paper, a few formulas, and a few charts, Lu Chi simplifies some very complicated calculations, and tries to express the meaning behind these numbers clearly and clearly in the most straightforward language.As a result, prosecutors and lawyers in country M who are generally not very good at mathematics can understand it at a glance, and there is no need for the lawyers with expensive hourly salaries to rack their brains to defend their clients.

Everyone clearly understands that Lu Chi doesn't need any inside information at all when he wants to short AK Telecom - at least his behavior has shown, or perfectly explained that he doesn't need any inside information, As long as a few public financial statements and business statements are required, a company's operating model and business processes can be clearly analyzed.

This kind of calm and sharp style of doing things without leaving any room for it is exactly the same as his ruthless methods in the stock market.

What a dreadful young man!

"Wow!" Toby Sangster stood up in amazement, walked around the table and walked to Lu Chi, with his back to the desk, his left leg slightly bent, and comfortably wrapped around the front of his right leg, trying to express himself With a surprised and friendly attitude, he pointed to the information paper full of report charts and formulas spread out in front of Lu Chi and asked, "Can you lend me a look?"

"Of course." Lu Chi straightened up, spreading his hands flat.He drew this kind of thing just for others to see.

Toby Sanchez thanked him warmly, glanced at the documents, and handed them to Adolf Stephenson who was sitting at the main seat.After Adolf Stephenson flipped through it, he handed it to another prosecutor beside him.After circulating them one by one, Adolf Stephenson and his right-hand man glanced at each other indiscriminately.

After a moment of silence, Toby Sanchez continued to maintain an admiring smile on his face, gesturing with one hand in front of him and said: "You know, this is unbelievable... In fact, many people in M ​​country are not very good at mathematics .So Wall Street's complicated and annoying financial algorithms always give us a headache. No one can tell us such complicated things in such a simple way like you...you are a genius."

"Thank you." Lu Chi crossed his hands on the table, maintained a polite attitude, and said without being overbearing: "There are indeed some Wall Streeters who like to use complicated formulas and all kinds of dazzling nouns. , and layers of financial derivatives to show investors their professionalism. But I prefer to spread things out so that everyone understands what we are doing and how we make money."

While talking, Lu Chi slowly leaned on the back of the chair.Crossed hands moved from table to lap.Although he raised his head to talk to Toby Sanchez, his momentum was not weak at all.He looked at Toby Sanchez, who was standing beside him, less than a fist away, with a leisurely attitude.The man looked down at him, trying to put pressure on him with his adult body and long hours in the gym.

"If you don't mind..." Toby Sanchez said with a smile: "We want to take these formulas and charts to professionals for testing. You know, our math is not very good..."

The implication is that I don't know whether these numbers and formulas, and those so-called "more accurate accounting standards" are really so magical.

"Of course." Lu Chi smiled calmly, "This is your job."

Toby Sanchez looked down at Lu Chi, and the sense of powerlessness that he couldn't do anything gradually became clear.He just looked at Lu Chi for a while, then nodded meaningfully: "Thank you for your cooperation."

Then, he beckoned and signaled another staff member to take the chart and formula that Lu Chi had just written to go out for inspection.

On the other side, Adolf Stephenson restrained his original wolfish smile and changed it to a more kind smile.He said in a gentle voice, as if talking about family matters: "Speaking of which, you are the same age as my son Ron. He studied at Yale, and he also studied finance. His grades are very good, and he is also a member of the rowing team. He is my son. Proud. But compared to you, Ron is a bit inferior."

Lu Chi didn't quite understand why Adolf Stephenson suddenly mentioned his son.The lawyers sitting next to him were very familiar with Adolf's methods, and couldn't help shaking their heads and chuckling.Someone came to Lu Chi's side and whispered a few words.

Lu Zhi was stunned.

Adolf Stephenson looked at the interaction between Lu Chi and the lawyer, smiled nonchalantly, and asked step by step: "So, what I'm curious about is that even if ordinary people can see that AK Telecom's accounts are fraudulent and poorly managed, they may not be as good as you. Similarly, to grasp every fluctuation of the stock price so accurately—”

"No, it should be said that no one can predict all the trading methods of an energy company so accurately based on some false figures on paper. So..." Adolf Stephenson leaned forward slightly, with a sufficiently oppressive voice The posture stared firmly at Lu Chi's eyes, and asked in a low voice: "How did you do it?"

"You are a smart young man, confident, shrewd, and have your own unique vision and insights into finance. We believe in your talent. We also believe that you will shine brilliantly one day in the future, and even shock the whole world. That's why , you don't have to rush. We know that when young people are eager to pursue success, they will always make more or less mistakes. I understand this very well, and my son Ron is the same. But I know that you are essentially Smart and nice boy. Not like those black-hearted speculators in Wall Street. Even your mistakes are forgivable."

When Adolf Stephenson said this, his entire upper body was about to prostrate on the conference table, like a wolf ready to go, with a pair of green eyes bursting out with a fierce light, and said breathtakingly: "As long as, You cooperate with us and tell the truth what you and Eric Weiss have done."

"Prosecutor Stephenson—" the lawyer sitting next to Lu Chi interrupted Adolf Stephenson's seduction, and politely reminded: "Let me remind you, in the face of your seductive remarks without evidence, my The person concerned has the right to remain silent."

"Prosecutor Stephenson, please pay attention to your words. Otherwise, my client has the right to sue you for defamation."

Lu Chi waved his hand and interrupted Mr. Lawyer.He curled up his cheek with one hand, raised his eyes slightly, glanced at Adolf Stephenson, and said without interest: "Choose a stock at random?"

Adolf Stephenson was taken aback when he heard the words, and asked subconsciously, "What?"

Lu Chi supported his cheek with one hand, and tapped the other hand casually on the table, repeating without interest: "Pick any stock, or a few stocks. Hurry up, I have an appointment for dinner at noon."