Chapter 183: Ponzi Scheme

"The world is difficult!"

Madoff shook his head and sighed for a long time before he came up with this sentence, "Because of the subprime mortgage crisis, the world economy has now entered a period of depression." There is no hope for economic recovery in the short term, but now is the time to seek change. ”

"But for us, that's not a problem!" The next moment, Madoff immediately put on a different face and said confidently, "I can make money when it goes up, I can still make money when it goes down, and I can't make money only when there is no volatility, but I can't lose money either." What, Mr. Zhong, have you been unsatisfactory lately? ”

He took it for granted that Zhong Shi had misjudged the situation, so he planned to listen to the opinions of others. As everyone knows, Zhongshi has earned more than 10 billion US dollars in profits before and after this year, making it the most fruitful 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 think carefully about investing. ”

"Really?" Madoff's face was pleased, but then he groaned and did not speak for a long time.

Naturally, an investment strategy is a fund's top secret, and these are not a problem when dealing with non-professionals or different types of fund managers. But in the face of Bell Stone, a well-known figure, Madoff certainly refused to reveal these secrets. But in order to convince potential investors, explaining the investment strategy is a necessary procedure, so Madoff was in a dilemma. It's hard to choose.

Of course, these performances were all speculated by Zhong Shi and Jiang Shan, and the real situation was only known to Madoff himself.

"This ...... Tell the truth. In fact, when the year is good, our fund mainly buys large-cap growth funds and fixed equity subscriptions. Madoff pondered for a long time, and finally said, "In bad times, the main thing is to sell ETF funds and S&P 500 options, and then assist other risk-resistant stock portfolios. Although the earnings are relatively low, there is a growth rate of at least one point every month. That's where our success lies. ”

"That's all?"

Zhong Shi and Jiang Shan glanced at each other, and they both saw the surprise in each other's eyes, and Jiang Shan blurted out and asked. "A fund with close to $20 billion in funds under management won't make money just on these strategies, right?"

According to Madoff, these combinations will not be able to make $200 million a month. Especially the combination of good years, it is a bit incredible. Be aware of large-cap growth funds and fixed equity subscriptions. It is known for its ultra-low risk and return. How can it be possible to achieve an annualized return of 10% with an almost risk-free return?

"Of course, we will also make some aggressive investments, and we are not convenient to disclose the varieties and positions of this part!" "But what I can tell you here is that in October, our fund managed to take advantage of the Porsche Group's long short squeeze and buy a large number of Volkswagen Group call options. Makes a lot of money. ”

"Really?"

Zhong Shi's heart moved, but his face did not change. Pretending to be curious, "Your fund is actually involved in this transaction?" Wow, that's amazing! ”

Diametrically opposed to Zhong Shi's reaction, Jiangshan's cultivation skills were a little worse in the end, at this time he was confused, his face was puzzled, his eyes kept roaming back and forth on Madoff's face, and his brows were already unconsciously furrowed.

"It's a coincidence!"

Madoff didn't realize that he was standing in front of the main owner of the whole thing, and still said proudly, "Actually, it's lucky." After our traders carefully studied the trading rules of the Frankfurt market, they decided that it was a good investment choice to go long on Volkswagen Group's long options, so we secretly ate a lot of Volkswagen Group's options. Sure enough, the Porsche Group also discovered this rule, and by the time they planned to take a stake in the Volkswagen Group, there was no longer enough market share. ”

"Later, for some reason, the Porsche Group found out that we had a large number of Volkswagen Group bullish options on hand, so we came to the door. After some haggling, we finally transferred some of the options to the Porsche Group, which led to the subsequent long and short market. Even though we didn't end up participating, we made more than $2 billion in profits by selling options. ”

The more Madoff spoke, the more excited he became, unaware that although Zhong Shi's smile remained the same, his eyes had become colder and colder, and Jiang Shan on the side was even more shocked, and his open mouth couldn't even close.

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

"If all this is true, I really admire the level of analysis and profitability of your company!" Madoff's words startled Madoff, but before he could think about it, Bell Stone continued, "It just so happens that I have Wolfgang here. Mr. Porsche's phone call, I just asked him to verify the truth of the matter, I don't know what Mr. Madoff thinks? ”

Without waiting for Madoff to stop him, Zhong Shi took out his mobile phone and dialed Wolfgang. Porsche's phone," Wolfgang. Mr. Porsche, may I ask you and Bernard of the United States. Is Mr. Madoff acquainted? ”

"Bernard. Madoff, I haven't heard of that name! Wolfgang came out of the microphone. Porsche's strange voice, "I've never dealt with each other, what does this gentleman do?" Like you, are you a financial investor? ”

"It's nothing, I'm with this Mr. Madoff now, and he says he's familiar with people from the Porsche Group, so I'll ask if it's your friend?" Zhong Shi explained casually, looking at Madoff with a playful face. Wait for his explanation below.

By the time Zhongshi made the call, Madoff had already realized that something was wrong, and he was sweating profusely. His heart turned sharply, and he actually thought of a way to tell the lie in his eagerness, "Mr. Porsche, I'm Bernard. Madoff, an American investor, is a great pleasure to meet you. Actually, I've never known you. But I know the CEO of your company, Mr. Wei Dejin, and we used to do deals together. He explained before Zhong Shi.

"Have you done business, what business have you done?" Wolfgang. Porsche simply didn't understand what was going on. Just subconsciously asked.

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 fool the matter around.

"What option?" Wolfgang. Porsche was even more confused. He didn't understand the purpose of Zhong Shi's call. I don't understand what this person is about, so I can only continue vaguely. He didn't want to, the words he asked hit Madoff's goal right on the ground, so that the other party didn't know what to say for a while.

"That's it!" Zhong Shi saw that it was almost there, and he was about to Wolfgang. Porsche whispered an explanation, hung up the phone, and then said to Madoff, "I'm sorry. Mr. Madoff, it's not that I don't believe it. It's just that I'm used to doing due diligence before investing. ”

"Understood, understood!" Madoff said with a smile, not forgetting to joke to himself, "I just don't know if I passed?" ”

At this time, he still did not give up, which made Zhong Shi realize that this person was already dizzy, and there was no possibility of saving.

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

Zhong Shi stood up, slowly paced to the window, looked at the bustling port outside, and said lightly, "Napoleonic scam, pyramid scam, Ponzi scheme, Spanish prisoner scam...... Zhong Shi said more than a dozen classic scams in one breath, then turned around and said with a smile: "I just don't know, what kind of scam is your fund?" ”

Madoff suddenly felt like he had been hit in the heart by a hammer, his face instantly turned extremely pale, the beads of sweat on his forehead poured out in large pieces, and the whole person was instantly drained of strength and sat down on the seat.

"Attracting investors with stable returns, actually using the money of new investors to repay the returns of previous investors, as long as there is a consistent inflow, this scam can never be exposed!"

Seeing Madoff's appearance, Zhong Shi still didn't understand, and unceremoniously exposed the other party's trick of deception, "I think, if there is no large redemption, your scam will continue, right?" ”

"With 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 a long time ago!" Zhong Shi sincerely admired, "The human heart is greedy, but you have more accurately grasped the greed and fear of risk in the human heart, and it is no wonder that it has been able to last for ten years, and even I was almost fooled!" ”

"It's just that you ignore the fact that even if your fund is not a scam, but the real return on investment can reach 10%, I will not be tempted. What I can tell you is that even this year, the return rate of Tianyu Fund has not been lower than this figure. You say, will I be tempted? ”

Zhong Shi had already paced in front of Madoff, looked at each other with a smile, and shook his head uncontrollably, "Mr. Madoff, you are really looking for the wrong person!" ”

Zhong Shi thought his smile was very close, but in Madoff's heart, this smile was like a devil's smile, hideous and terrifying.

"I only have one question!"

After a while, Madoff shuddered and stretched out a finger and reluctantly mustered up the courage to ask, "How did you know that all this was a scam?" ”

"Hey, you old liar, you actually lied to us about Porsche!"

Jiang Shan, who hadn't spoken for a long time, laughed angrily and said gloomily, "Old liar, do you know who planned the Porsche short-selling?" I'll be honest with you, we are behind it! Phew, just like you, still trying to deceive people? Fuck off! ”

It turned out that Li Kui met Ghost Li, and Madoff felt bitter in his heart, knowing that he didn't need Porsche to force empty the routine. How would he know that no matter how fanciful he said, it would be impossible for Zhong Shi to invest in such a so-called "stable return" fund.

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

"Since that's the case, then I won't stay!" Madoff wiped the beads of sweat from his forehead and hurriedly walked outside, but when he walked to the door, he suddenly remembered something, turned around and asked, "Mr. Zhong, you won't tell you about this, will you?" ”

"Get out of here!" Jiang Shan was already impatient, and waved his fist and threatened, "Let me see you again, see you once, fight once!" ”

"Wait!" Zhong Shi waved his hand to stop Jiang Shan's rudeness, and said lightly to Madoff, "Mr. Madoff, I believe that without me exposing it, your scam won't last long, right?" Don't deny it, otherwise you wouldn't be in such a hurry to find new money, and it's still so big! Now, we don't bother to make a deal, you tell me who investors you have, I won't take the initiative to expose you, what do you think? (To be continued......)

PS: Thank you for the book friends Demon Dragon Battle Ghost, Jiangnan Liu Feiyan, jevonscoffee, and Feihui in Flight for the monthly pass!