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Chapter 210 Negotiation

Billions are just the first batch, and Mr. Bernard Madoff promised to transfer the remaining billions in one month.

The old man still has money, the total amount is about 5 billion US dollars. The two have communicated several times over the phone. According to Bernard Madoff's intention, if Ye Dongqing can guarantee to fulfill the contract on time and cooperate with his business, the remaining funds will be in place in the future.

Otherwise, the money would also drag the old man into the abyss. After all, his investment has not brought any returns until now. In order to avoid a run, it is necessary to pay dividends to customers on time. In the business world, once the reputation is destroyed, everything will be ruined. As long as any scandal comes out, no one will believe him again.

Regarding this transaction, only Ye Dongqing, Mr. McCorder, and the company's chief financial officer in Tamsui Investment Group knew that the latter two did not know that Old Bernard transferred the money because he was "extorted". He thought he had reached an agreement with Ye Dongqing, trying to deceive investors and count the money earned from purchasing financial products as their own income.

Considering Ye Dongqing's personal health asset status, neither CEO McCorder nor CFO (Chief Financial Officer) thinks that such a thing is anything. They have signed a confidentiality agreement in exchange for a "reward" of 100,000 US dollars. It is not wrong to say it is a hush fee. Anyway, there has been no problem until now.

"Since I learned that Mr. Madoff had contact with you and was preparing to invest money in our company, I started to cut off various projects of Golden Island Financial Management Company. Now it has more than 1,100 employees left, most of which will be fired within two years.

If nothing unexpected happens, the total assets of the customers managed by Tamsui Fund will soon reach 20 billion US dollars. If Mr. Madoff does not accidently and transfer all assets, there will be only about 8 billion US dollars left. Now they are in contact with several Wall Street companies. They are very interested. The total investment scale is expected to reach 1.4 billion US dollars and an annualized return rate of ten points."

While speaking, Mr. McCord took the cigar handed over by Ye Dongqing, lit it with a lighter and started to suck in the office. With the success of Tamsui Investment Group, he also gained some status in the financial circle. A suit on his body is worth tens of thousands of dollars, which looks like a successful person. He has a more mature temperament and looks more like a boss than Ye Dongqing.

Ye Dongqing also pointed aside and said, "Whether it is a formal worker or a temporary employee, the compensation is slightly more when dismissed. Although he told them that this job would not be long, I didn't expect it to be so short. They have worked hard for the company's development. Everyone can get together and leave, and don't be caught by the media."

"We are not doing charity, and we have never received the benefits given by New York State. Why do we support a large group of people in vain?"

"It's different from before, you need to pay attention to the impact. The funds will be sufficient in the future. It's best to lower the interest rate slightly. Even if it's only 8% of the annualized rate, it's a lot higher than banks, treasury bonds, etc. There's no need to beg others anymore, I can continue to make money myself.

Old Bernard is worried for the time being. I will use my grades to tell him that I am absolutely wrong in investing, so I guess it won’t take long before he will transfer the remaining money to invest for me. Everything will be the same for the time being. I will notify you when the dividends need to be reduced."

"By the way, boss, I haven't asked you how you convinced Mr. Madoff to invest in our company? I didn't receive any notice before you called me. This business is so simple that you can make a difference from it and charge management fees. This time he should be able to make a lot of money, right?"

After hearing this, Ye Dongqing couldn't help laughing. Bernard Madoff was very glorious in front of others. Who would have thought that such a famous Wall Street giant would have carefully arranged a Ponzi scheme?

Thinking of the movie "Wolf of Wall Street" I once watched, compared to the protagonists in it, Old Bernard is the real old wolf. If he continues to let his scam continue, he may end up causing a loss of 50 to 60 billion US dollars like he did in his previous life. This shows that the elite group may not be 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 will be under pressure to manage such a large amount of funds. Investing is the wisest way. Don't ask about the process."

Subconsciously, I thought the old man was not capable enough and could not manage so much money, but he continued to absorb funds greedily. McCorder nodded and asked no more questions, and followed the boss's words just now: "OK, I will adjust the plan to raise funds next. The previous ones are still the same, right? I will send out news to the public at the right time to tell people that we have raised enough funds."

Whether it is a private equity fund or a public equity fund, the industry is very deep. No matter whether they have a good investment plan or not, they will eat up all of them as long as someone is willing to invest, and then make money from management fees. The more money they manage, the more money they make will be made by these fund managers. Anyway, even if they lose money, the money they lose is the money of investors.

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

Two billion US dollars is just a non-existent red line, and it does not necessarily have to be limited to two billion US dollars. It is better to take one step at a time.

Ye Dongqing said: "Don't worry for the time being. The most important thing is to help me buy some oil futures orders sold by others immediately. If you look at long-term contracts that are long for oil prices, don't buy them back. I think the oil price will definitely rise further.

Let’s start building positions today. The bigger the leverage, the better. I am going to invest all the money that Old Bernard invested in us. Don’t think about persuading me. I have made up my mind. If I’m not sure, I won’t be so radical.”

"How much more...? Two billion US dollars? Still leverage?"

The vaccination was useless. Mr. McCorder was still scared and used 2 billion US dollars to leverage. Even if it was just five times the leverage, it would be 10 billion US dollars. At that time, a point of fluctuation could lead to hundreds of millions of dollars. Even some countries would not dare to make such a big deal.

In his opinion, this kind of business is simply seeking death. If it collapses, judging by Ye Dongqing's current value, even if he is not dead, he will be half dead...
Chapter completed!
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