Chapter 193: Pounds Hoax
Wu Jun dialed Liang Bin's phone, and after explaining his thoughts, Liang Bin directly rejected Wu Jun on the grounds that the redemption pressure at the end of the year was high and it was not good to buy stocks again, Wu Jun didn't say anything, if he didn't help, he could only find another way.
According to the information provided by Wu Shenghui, Dongfang Securities persuaded Tengguang Pharmaceutical to release a quarterly report to predict losses, but there were no communication records, written transfer records, and no evidence, so it became difficult to expose their ugly faces.
Seeing that Wu Jun didn't speak, Zhao Xiaojun asked, "Is there any other way?" ”
Wu Jun shook his head: "I think this is a conspiracy against us, it is not good to go out again after entering the pit, the only thing to be thankful for is that the fundamentals of this stock are good, as long as you hold it, it will rise one day." ”
"Then our performance this year ......"
"There is no way to do this, and the information provided by these people cannot be trusted in the future, unless there is definite evidence." Wu Jun said helplessly, "Fortunately, we have an investment of 5 billion yuan, otherwise there may be a liquidity crisis at the end of the year." ”
"Actually, you can give me money to buy it with another securities account." Zhao Xiaojun made a suggestion, more to show his loyalty to Wu Jun.
"I thought about it, they must have a complete plan, and if we were caught buying with another account at this time, the consequences would be much worse than if we didn't do anything." Wu Jun said with a straight face, "The capital market is treacherous, and if you are not careful, you will become a place to be buried." ”
"Okay." Zhao Xiaojun took a deep breath, "I just feel unwilling. ”
"I'm even more reluctant than you." Wu Jun said, "But unwilling emotions can't help us get through this difficult time, if they want to disgust us, then let them be disgusted." Our goal now is to formulate a plan, how to make 5 billion funds achieve a 9% rate of return in a year? ”
"It is simply impossible for formal channels to achieve this yield, especially in the short term." Shen Yangguang said on the side, "We can only reach a secret agreement with some listed companies, and then we can buy it." ”
Wu Jun shook his head, "Even if you sign more secret agreements, it will be difficult to achieve an annualized rate of return of 9%. ”
"Then Mr. Wu, what good way do you have?"
"The fastest way to get yields is to short stocks." Wu Jun said, "I will find a way to get the news, and when the time comes, I will pull a few media and funds to short together." ”
"That's a way to do that, too." Shen Yangguang nodded.
……
"Lin Shi, it's good that you sold all the shares of Tengguang Pharmaceutical at a high point, otherwise you would definitely lose a mess by now." Li Xiaoxin said with palpitations, "The first quarterly report forecast was issued so early, and this company is also a miracle." ”
"I think so." Lin Shi nodded, "Generally, companies will try their best to keep the stock price rising, so that not only the retail investors who hold the company's shares are happy, but even some major shareholders will laugh a lot, Tengguang Pharmaceutical's move is indeed a bit abnormal." ”
Lin Shi vaguely guessed that this must be related to Ou Jiawen, with her family's relationship intelligence network, it is indeed not difficult to complete this matter, and the purpose of doing this thing is indeed very simple - just to simply disgust Hongguang Capital. Ou Jiawen didn't make money when she sold it, because she put up some low-price sell orders, and the purpose was to suppress the stock price as much as she could.
"It seems that the annual performance of Hongguang Capital has to drop by more than ten percentage points, and even then, its yield still exceeds that of most China AMC funds." Lin Shi thought secretly in his heart, and at the same time admired the wealth of the European family, even if he lost tens of millions of funds, it still didn't matter.
Lin Shi looked at the trend of Lunwei Food, rose 4% after the opening today, reaching the cost line of Lin Shi, and now it is equivalent to not making money or losing, or losing some of the buying fees, but Lin Shi has no way to deal with such a situation, under the condition that the fundamentals remain unchanged, he can only hold the shares, if the fundamentals become worse, then he can only reduce the position and stop loss.
To always be in awe of the capital market, this sentence was learned when Lin Shi first came into contact with finance, when encountering special circumstances, first analyze and make decisions, is the best way to reduce the rate of wrong decisions, people will have inevitable bias when thinking about problems, for example, some people who hold stocks will find a lot of reasons to prove to the people around them that she is right to buy this stock. Even if the shares he holds are losing money.
The stock market news software suddenly pushed a news titled "Ponzi scheme has hurt a lot of people", which tells the story of a technology company in C city made a giant pyramid laminated "Ponzi scheme", defrauding customers of a total of 10 billion yuan, the founder does not know the whereabouts, and his company is just some security personnel, which can not play any role at all, and some well-informed executives have fled Huaxia long before the news is exposed.
Every day, people who have been deceived will come to the company and stand below with a sign that says "liar", "black heart", "profiteer", and even if they know, doing so will not bring back their losses, and the news has long reported the whereabouts of the founder, who has lost contact. At this time, they only have remorse in their hearts, why did they invest their money in this scam company in the first place? And there have been many media and economists who have explained the origin of Ponzi schemes long before.
Ponzi scheme is the name given to investment fraud in the financial sector, the ancestor of pyramid schemes, and many illegal pyramid schemes use this trick to accumulate money, this kind of fraud is "invented" by a speculative businessman named Charles Pontz. Ponzi schemes are also known as "tearing down the east wall to make up the west wall" and "empty gloves white wolf" in Huaxia. In short, it is to use the money of new investors to pay interest and short-term returns to old investors, in order to create the illusion of making money and then defraud more investment.
Charles Pounds, an Italian-born speculator living in the 19th and 20th centuries, immigrated to the United States in 1903 and began a conspiracy in 1919 in which swindlers invested in a virtually non-existent business, promising investors a 40% return on profits within three months, and then the cunning Pounds paid the new investors' money as quick profits to the original investors in order to lure more people into falling for it. Thanks to the huge returns on the upfront investment, Pounds managed to attract 30,000 investors in seven months, and the conspiracy lasted for a year before the people who were carried away by the profits came to their senses, which later came to be known as a "Ponzi scheme".
Ponzi schemes can deceive only greedy people, or high rebates are a pyramid scheme activity, by pulling people back to cash, pull the amount of cashback, and the people who are pulled over to pull other people, over time it forms a scam, when everyone has not woken up, this scam is perfect, because every investor has received the "dividends" on the agreement, and no one is unhappy.
For people at this stage, if you say that they are obsessed, they may still fight with you, and people will always be confused to protect their own interests, so that they don't see what is behind the stable dividends. Some smart people knew it was a Ponzi scheme, and then they joined in, and after pulling people's heads non-stop, they cashed out of the scam in advance, and in just a few months, they made a fortune that ordinary people couldn't earn for hundreds of years.
In modern times, Ponzi schemes are still rampant, and if you want to say that the largest amount of money, I am afraid it will be the former chairman of NASDAQ Madoff, a famous American financial broker, former chairman of NASDAQ, the largest fraud maker in American history, and the amount of "Ponzi scheme" fraud operated by him exceeds 60 billion US dollars!
In 2005, according to the SEC, Madoff's investment fund business gradually turned into a new "Ponzi scheme", with all the proceeds returned to investors coming from a growing number of new investors. According to earlier SEC data, Madoff's fund managed $17.1 billion in funds until January 2008. Despite the deterioration of 2008, Madoff is still reporting to investors that his fund is still growing steadily, at a rate of 5.6% per month until November 2007, which is certainly an impressive performance compared to the 37.7% decline in the S&P's average growth.
While he is still reporting his growth record, more and more investors are starting to demand that Madoff return his investment. In the first week of December alone, Madoff accepted redemption requests of up to $7 billion, according to the SEC.
When he couldn't afford to pay that much, Mr. Madoff told his two sons that it was all just "a huge ponzi scheme" — and now we're getting closer to bankruptcy. The sons then approached the lawyers and eventually reported the scam to the Commonwealth. Even before his arrest, Mr. Madoff was handing out a small amount of the remaining $30 billion to company employees and his relatives.
If it weren't for the global financial crisis, perhaps the scam would have continued. But the crisis made it all visible, and Madoff admitted his actions. As Warren Buffett said – you don't know who's swimming naked until the tide goes out.
The event took off the swimming trunks of so many sophisticated investors and bankers. Hundreds of banks, hedge funds, and wealthy individuals feel comfortable putting their money in the hands of the Madoff Fund because he promises such an attractive number — 10 to 15 percent growth a year, even in tough times.
The banks that have been victimized come from all over the world, and HSBC, the three banks that have survived the financial crisis so far, have also been deeply affected this time. Even worse are many Americans, who have gained nothing from this crisis except Madoff's funds.
Sentenced to 150 years in prison by the Federal Court for the Southern District of New York on June 29, 2009, Madoff will spend the rest of his life in prison.