Wall Street Legend

Chapter 211 Discussion

The billion dollars was only the first tranche, and Mr. Bernard Madoff promised to transfer the remaining billion dollars within a month.

The old man still had money on hand, with a total amount of about five billion U.S. dollars. The two had communicated several times on the phone. According to Bernard Madoff's wishes, if Ye Dongqing could guarantee to fulfill the contract on time and cooperate with him, business, and the remaining funds will be gradually received.

Otherwise, the money will also drag the old man into the abyss. After all, his investment has not brought any return so far. In order to avoid a run, dividends must be paid to customers on time. In the business world, credibility is Once it is ruined, everything is ruined. As long as there is any scandal, no one will believe him anymore.

Regarding this transaction, only Ye Dongqing, Mr. McCord, and the company's chief financial officer knew about this transaction in Danshui Investment Group. The latter two did not know that Bernard Sr. transferred the money because he was blackmailed. He thought he had reached an agreement with Ye Dongqing in an attempt to deceive investors and count the money earned from purchasing financial products as his own income.

Considering Ye Dongqing's personal health and asset status, neither CEO McCord nor the CFO (Chief Financial Officer) thought this was a big deal. They both signed a confidentiality agreement in exchange for a hundred thousand dollars. Reward, it's not wrong to call it hush money. Anyway, there have been no problems so far.

Ever since I learned that Mr. Madoff had contact with you and was planning to invest money in our company, I began to cut off various projects of Golden Island Financial Management Company. Now it still has more than 1,100 employees. Most of them will be fired within two years.

If nothing goes wrong, the total client assets managed by Freshwater Fund will soon reach 20 billion U.S. dollars. If nothing goes wrong with Mr. Madoff and all assets are transferred, there will only be about 8 billion U.S. dollars left. Now with Several Wall Street companies have contacted and they are very interested. The total investment scale is expected to reach 1.4 billion US dollars, with an annualized rate of return of ten points.

While talking, Mr. McCord took the cigar from Ye Dongqing, lit it with a lighter, and started puffing in the office. With the success of Tamsui Investment Group, he also gained some status in the financial circle. A suit is worth tens of thousands of dollars. It is like a successful person's dress. He has a more mature temperament and looks more like a boss than Ye Dongqing.

Ye Dongqing also nodded and said: Whether you are a regular employee or a temporary employee, the compensation will be slightly more when you are dismissed. Although I told them when I hired them that this job would not last long, I didn't expect it. The meeting is so short, and we have all contributed to the development of the company. It is a good time for everyone to get together and part ways, and not to be caught by the media.

We started a company, and we didn't do charity. We never received any benefits from New York State, so how could we support a large group of people in vain?

It's different from before. You have to pay attention to the impact. Funds will be abundant in the future. It's best to lower the interest rate a little. Even if it's only 8% per year, it's still a lot higher than banks and government bonds. It's already There is no need to beg others, I can continue to make money myself.

Old Bernard is worried for the time being. I will use my results to tell him that I am absolutely not wrong in investing, so it is estimated that it will not be long before he transfers the remaining money to invest in me. For the time being, everything will be as usual. When the dividends need to be reduced, I will inform you.

By the way, boss, I haven't asked you how you persuaded Mr. Madoff to invest in our company? Before you called me, I didn't receive any notice in advance. This business is really simple. You can make a profit from it, and you can also charge a fee. Management fees, he should be able to make a lot of money this time, right?

Ye Dongqing couldn't help but laugh after hearing these words. Bernard Madoff was very famous in front of others. Who would have thought that such a famous Wall Street giant would actually carefully arrange a Ponzi scheme?

Reminiscent of the movie The Wolf of Wall Street I once watched. Compared with the protagonist in it, old Bernard is the real old wolf. If he continues to let his scam continue, he may end up causing five people just like in his previous life. The loss of 60 billion US dollars shows that the elite group is not necessarily smart, and they are not being played around by this old man.

He smiled and shook his head and told Mr. McCord: It's not as simple as you think. Anyone who manages such a large amount of money will be stressed. Investing in me is the wisest thing to do. Don't ask about the process.

Subconsciously thinking that the old man was incompetent and could no longer manage so much money, yet he continued to greedily absorb funds. McCord nodded and did not ask any more questions. He followed what the boss just said and said: OK, I will do it next. Adjust the fund-raising plan, as before, right? I will release news at the appropriate time to tell people that we have raised enough funds.

Whether it is private equity funds or public equity funds, the industry is very deep. They don't care whether they have a good investment plan or not. As long as someone is willing to invest, they will take it all and then make money from the management fees. The more money they manage, the more money they manage. Fund managers will make more money. Anyway, even if they lose money, they will still lose money from investors.

Tamsui Investment Group is different. It is more like issuing some kind of high-return bonds to the outside world. Although Ye Dongqing feels that he can earn more, considering risk control, it is better to limit the scale to a controllable range. It is impossible for him to make all the money in the world by himself. If the interest rate is low, he can continue to raise funds from investors.

US$20 billion is just a non-existent red line. It does not necessarily have to be limited to US$20 billion. It is better to take it one step at a time.

Ye Dongqing said: Don't worry for the time being. The most important thing is to help me immediately buy some oil futures orders sold by others. Long-term contracts that are bullish on oil prices. Don't buy them the other way around. I think the oil price will definitely continue to rise. Go up and up.

Let’s start building a position today. The bigger the leverage, the better. I’m going to invest all the money that old Bernard invested in us. Don’t even think about trying to persuade me. I’ve already made up my mind. If I wasn’t sure, I wouldn’t be so aggressive.

How much more? Two billion dollars? Plus leverage?

The vaccine was useless. Mr. McCord was still frightened. Using two billion US dollars to leverage, even if it was only a five-fold leverage, it would still be 10 billion US dollars. At that time, a single point of fluctuation could lead to hundreds of millions of US dollars. , even some countries dare not play such a big trick.

In his opinion, this kind of business is simply seeking death. If there is a collapse, judging from Ye Dongqing's current net worth, he will be half dead even if he is not dead...

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like