Chapter 76: The Jim Zhao Incident

Carl is enjoying his new life at school when he gets bad news from Lip!

It all started with Lip yesterday when he went to Jim Zhao to deliver the goods.

This summer, Lip has taken care of three things in his business, one is to trade with Jim Zhao's iPhone, the second is to be a second-way dealer of Chinese goods, and the third is to partner with Kevin to open a "mobile ice cream vending truck".

The size of the iPhone transaction is relatively fixed, but because in addition to Jim Zhao, Lip has also found two other partners, so it is more objective every month, and it can bring Lip a total of about $6,000.

The reselling of Chinese commodities has now entered a stable period, and the monthly income has basically remained at about $3,000.

Partnered with Kevin to open a "mobile ice cream vending vehicle", buying snacks, drinks and alcohol, and making only a small head, and the big head was naturally secretly selling big money - this part, on average, can also bring about $3,000 a month to Lip.

In other words, for more than two months during the summer vacation, the total income of Lipu's three businesses combined was almost 30,000 US dollars.

This is definitely a high income in the United States!

What's more, Lip's current income is hidden income that does not have to pay taxes, and if this factor is taken into account, Lip's income will be even higher.

Lip did not deliberately avoid taxes, because his current scale of funds is far from the level of tax avoidance, and the tens of thousands of dollars he earns now are not even a grain of sand in the US banking system, where the amount of funds is hundreds of billions.

Lip just found a bank with good secrecy and was trusted by hackers, opened an account, and used this account to make transactions to buy bitcoin.

As for the speculation of Bitcoin, the bank account used by Lip is set up in a bank in the tax haven of the Cayman Islands, and the funds are placed here, although it will cause some trouble in the future, how to transfer the funds back to China, but compared with the high personal income tax that will be levied in the United States, those troubles are not a problem.

Now, Lip, who has only a few hundred thousand dollars in funds, does not have to worry about this, he does this in preparation for the peak value of bitcoin, and his own value will rise to hundreds of millions of dollars.

For a rainy day!

Now, the number of bitcoins in Lip's hands has accumulated to 30,000, and if he can hold it until the value of bitcoin rises to the peak, he will be able to exchange at least $400 million for Lippe!

Let his current net worth of 400,000 US dollars increase by a thousand times!

This is a source of confidence that Lip is now able to live a small life in a comfortable way, without worrying about his future at all!

The future is bright, and Lip has not let up on this, and is still trying to live his own small life.

At the end of the summer vacation, the "mobile ice cream vending truck" business came to an end, and the old minibus was once again mothballed for the next year.

As a result, Lip lost one-third of his income, and naturally attached more importance to the remaining two.

Unexpectedly, when I went to trade with Jim Zhao, I got bad news!

Under Lipu's suggestion, Jim Zhao only used tourists to smuggle iPhones to China from the beginning, and after earning the first pot of gold, his ambitions also swelled, and soon developed into freight containers.

The scale of the business has also swelled rapidly from tens of thousands of dollars to millions of dollars.

Jim Zhao's net worth also skyrocketed, and he smuggled to the United States, wanting to make a fortune and become a master, and after more than ten years, he took this opportunity to achieve it!

Lip found two other partners, and although they were not as bold as Jim Zhao, they both secretly expanded their business a lot.

The three of them joined forces to smuggle tens of thousands of iPhones into China a month, although compared to China's millions of fruit fans, this number is not a lot, but it can't stand the high value of iPhones, the monthly scale is tens of millions of yuan, in China, it can definitely be regarded as a big smuggling case.

When the value of the case reaches this level, it is impossible to keep it secret.

After the cooperation of the Chinese and American police, a few days ago, the iPhone smuggling gang headed by Jim Zhao was smashed in one fell swoop!

Although the idea of smuggling iPhones was conceived by Lip and developed through Jim Zhao, Lip was only a dismissive minor player in this case, in the eyes of the police.

Jim Zhao was also angry, and after being arrested by the American police, he did not confess to Lip.

In fact, even if Lip confessed, it was useless, Lip is now a pure American, and here in the American police, he is naturally favored, plus Lip in this matter, the benefits are not worth mentioning in front of Jim Zhao, and it is impossible to attach the main culprit of the case to Lip.

The reason why Lip made an agreement with Jim Zhao at the beginning to only take 20 iPhones from him every month was to prepare for this day!

Although there is not much contact with Jim Zhao, after Jim Zhao made the business of smuggling iPhones bigger, when Lip went to deliver the goods, he could not see Jim Zhao's face, and could only complete the transaction with Jim Zhao's younger brother, so Lip had to give Jim Zhao's younger brother $100 as a rebate every time he made a transaction.

You know, on the bright side, every time Lip trades with Jim Zhao, he can only earn $500 in hard work, and take $100 out as a rebate, but it accounts for one-fifth of Lip's income!

Of course, because at the time of the transaction, Lip mixed half of the contract machines that were swiped out with flashing software in the delivered iPhones, so the actual income of Lip per transaction was much more than the income on the surface.

Lip's cautiousness made him not affected by this turmoil in the slightest, and even when he went to trade this time, at the agreed time, the people who did not wait for Jim Zhao called over, and Jim Zhao's and his little brother's mobile phones were turned off.

Lip had a bad heart, so he went to Chinatown to inquire and learned that Jim Zhao had been arrested.

Days had passed, and the police had not come to him to explain that he would not be involved, but Lip timidly slipped back from Chinatown to Wallace North Street.

The other two partners, Lip has no contact at all, Jim Zhao is arrested, and they won't have good fruit to eat!

Lip even took out the phone card that contacted Jim Zhao and destroyed it, completely drawing a line with Jim Zhao.

Although he was reluctant to rewind the income of the iPhone, the current situation forced Delip to give up this business.