A Returner’s Successful Investment Method - Chapter 608



Only Krnovel

Episode 608 NDY Investment (1)

I said, leaning forward.

“Tell me about that in detail.”

Jiyu said, slightly embarrassed.

“Oh, so… … .”

The first time JiU got to know Jung Changmin was shortly after his debut.

Jung Chang-min immediately recognized Jiyu’s talent and gave her various advice as a senior in the music industry. And his musical exchange continued thereafter.

“It was a time when I was having a lot of worries, but I received great help from Jeong Chang-min, and I am still grateful.”

Recently, Jung Chang-min was busy with the launch of a boy group and Jiu was busy filming Seven Rounds, so we haven’t been able to contact them for a while.

However, it is said that Jung Chang-min suddenly contacted him about a month ago and recommended investment.

“In order to invest, you must first register as a professional investor and open an account. And if you hand over your smartphone containing your account and certificate, they will make the purchase automatically. “He captured and showed me the account profits, and even said that if I ever lost money, he would pay for it.”

Just listening to this point already gives off the smell of fraud.

If someone I didn’t know well told me this, I would immediately suspect it was a scam. However, the person who said this was none other than Jung Chang-min.

He is a person who has been faithfully engaged in acting and music activities for nearly 30 years since his debut.

So far, we have never been involved in a fraud case or caused any social controversy.

If a celebrity well-known to the entire country confidently recommends something, they cannot help but be tempted.

So maybe this is a scam?

The answer is fraud.

To be exact, stock price manipulation.

I remembered the first time.

This stock price manipulation scandal involved many professionals, celebrities, and even a few entertainers.

The most famous among them is Jung Chang-min.

This would have happened about two months later, but it seems the timing has come a little earlier this time.

I asked Jiyu.

“You didn’t put any money in it, did you?”

“yes.”

“Have you ever told anyone around you?”

“no. “I didn’t tell anyone.”

“okay?”

“yes. Because I don’t know much about it. “There might be a problem.”

“good job.”

As expected, the child is wise.

It’s right not to talk about investments that you don’t know much about.

Thanks to Seven Round’s worldwide success, the lead actors were able to make their names and faces known around the world.

The most famous ones are, of course, the male lead, Heo Ji-hoon, and the female lead, Ji-yu.

Love calls from Hollywood have already continued.

However, as an actor, there are clear limits to your activities in the American market.

The reason is that the roles that can be played are limited to Asian characters.

However, JiU’s main profession is a singer.

Music is the field with the least racial prejudice.

A path has been opened to advance beyond the K-pop genre and into the mainstream American music market.

JiU has all the conditions to become a global star.

Perhaps after Season 2 of Seven Rounds ends, the company will begin working in the U.S. market in earnest. That’s why I’m practicing writing songs in English.

But what if stock price manipulation forces are involved in this situation?

At that time, the image will fall to the ground.

“I’ll find out first. Until then, don’t tell anyone else like you are now, just tell Jung Chang-min that you will think about it.”

Jiyu nodded at my words.

“yes.”

“Have you ever sent me any materials?”

“yes. “I sent some explanatory materials by email.”

“Send that to me.”

“yes.”

I stared at Jiyu’s face for a moment.

“Aren’t you asking why?”

Jiyu then said as if it was obvious.

“There must be a good reason for saying that. “Maybe he’ll tell you later.”

“Yeah, really?”

If it were me, I think I would have inquired as to what was going on.

Jiyu said with a bright smile.

“Because I trust you, senior.”

* * *

next day.

I went to work and looked up NDY Investment.

When I searched on Gooble, the homepage came up right away. The homepage, which was designed to be plausible, had all kinds of rhetoric written on it.

However, it was not clearly stated what the company structure was or where and how it invested.

I asked Beomseok Kim.

“Have you ever met Jung Chang-min?”

Then he nodded.

“of course.”

“How about this?”

“He is great as an actor or entertainer, but he is the best as a singer. Her tremendous vocal power, wide vocal range, and explosive high notes are amazing, but being able to put that much emotion into her voice is not something that just anyone can do. “I’m trying, but I think I’m still far behind.”

As expected, it is full of praise.

Since they are the same singer, you probably know better how great Jung Chang-min’s skills are.

“What are you like on a human level?”

“It will be good. Be nice to the people around you. I understand that all company employees, including managers and coordinators, have worked together for over 10 years. “I’ve never seen anyone say anything negative about it.”

“okay.”

That’s right, Jung Chang-min has been active for 27 years and has never caused social controversy such as drinking or drug abuse, and his private life was clean and without any special noise.

There are probably people who don’t like him, but there are probably very few people who dislike him.

There was an incident that ruined his image in one fell swoop, the stock price manipulation incident.

Jung Chang-min claimed that he was also a victim.

In fact, since he did not directly participate in stock price manipulation, he was not legally punished.

However, the mere fact that it was involved in stock price manipulation ruined its image.

He later made a secret comeback, but the public’s reaction was cold, and he never gained the same popularity again.

I don’t know if I would have made at least some money, but something happened before I could cash out the profits, so I lost all the money I invested.

That’s what operations are all about.

Senior Dongho, who was listening to our conversation, asked.

“But why suddenly Jung Chang-min? Will he get an autograph?”

“I met Jiyu yesterday, and I heard some interesting stories about Jung Changmin.”

Senior Dongho was very surprised at what I said.

“You met Jiyu? “Let me call you too.”

“I heard you had an appointment?”

“ah! It did. “What did you do when you met?”

“We just had a cup of coffee and talked for a bit.”

“I heard filming for Seven Rounds Season 2 ended successfully?”

“yes.”

“ah! It is expected. “If this becomes a hit, JiU will truly become a global star.”

Beomseok Kim asked as if he was curious.

“So what’s the interesting story about Jung Chang-min?”

“Jiu said he received an investment recommendation from Jung Chang-min. They say it’s called NDY Investment… … .”

I told Jiyu what I heard.

Senior Dongho asked.

“Are you sure you made a profit?”

“I think so.”

I said looking at the two people.

“Don’t you think something is a little strange?”

“It’s a little strange.”

“It doesn’t make sense to ask to hand over the account.”

I nodded.

“Let’s look into it.”

* * *

As I looked at the data Jiyu sent me, I recalled my memories from the first round.

The Republic of Korea is a fraudulent republic that everyone recognizes.

Among them, the stock market is truly a gambling game, no different from a speculation or gambling board.

Not only are all kinds of themed stocks on the rise, but stock price manipulation incidents break out every now and then.

However, this stock price manipulation incident was a bit different from the previous one.

In general, stock price manipulation is done in a hit-and-run manner. It is a method of raising the stock price in a short period of time by hitting the upper limit every day and then selling at the high point.

However, in this case, it took place over a long period of time.

He repeatedly bought and sold stocks over a period of more than a year, slowly raising the stock price. In this way, they avoided the surveillance of financial authorities.

The conditions for the stocks they selected are as follows.

First, the majority shareholder’s shareholding ratio must be high, and the majority shareholder must not be able to sell his or her shares without permission.

Second, there should be no short selling.

Third, since the distribution volume is small, the stock price should be easily raised with a small trading volume.

As a result, most of the operations were focused on KOSDAQ companies.

There are 10 items under suspicion of operation.

These stocks have risen by as little as two times or as much as three or four times.

At this level, the profit relative to the investment period is not large enough to be considered stock price manipulation.

So what they chose was CFD (Contract For Difference).

An over-the-counter derivative product and TRS (Total Return Swap) product in which individuals do not hold actual investment products and only settle trading profits at the current price and clearing price.

Originally, CFDs were a high-risk product, so only investors with a balance of 500 million won or more and annual income of 100 million won or more were allowed to trade.

However, a few years ago, with the intention of revitalizing stock trading, the balance was reduced from 500 million won to 50 million won, and the requirements for professional investors were also relaxed.

From then on, CFD trading in Korea also increased explosively.

Currently, the CFD margin is 40 percent.

In other words, you can buy 100,000 won worth of stocks with 40,000 won.

In some ways, it can be seen as similar to open-ended trading, but CFDs have several advantages that are different from open-ended trading.

First, since you do not directly own the stocks, you cannot know who is buying them. Therefore, large quantities of stocks can be acquired while hiding one’s identity.

Second, domestic securities firms only sell CFDs and outsource the operation to foreign securities firms. Therefore, since it is a foreign securities company that actually makes the purchases, it has the effect of making foreign purchases appear to suddenly increase.

In fact, the proportion of foreign holdings in the targeted stocks increased significantly.

While I was looking at it, senior Dongho came up to me and said.

“I did some research about NDY Investment, and it is quite large.”

“How much?”

“I think there are 1,500 investors and the investment amount is around 1 trillion won. It seems that only high-income earners, such as doctors, lawyers, and celebrities, have received investment. “I think they only let people sign up through referrals from acquaintances because it was strictly a membership system.”

The reason is that you must have assets and income above a certain level to be recognized as a professional investor and be able to trade CFDs.

“The CEO is a man named Baek Sang-cheol, and there is one interesting fact.”

“What is it?”

“Do you know who father-in-law Baek Sang-cheol is?”

I knew, but I asked pretending not to know.

“Who are you?”

“Cheondeokyu.”

I made a slightly surprised expression.

“Cheondeokyumyeon KNC International?”

“huh.”

Cheon Deok-yu, who was the chairman of KNC International, manipulated the stock price by falsely announcing that he had discovered the world’s largest cobalt mine in the Congo.

He bribed Jeong Hyeon-cheol, then the second vice minister of foreign affairs, to get the ministry to officially recognize the cobalt mine.

Thanks to this, KNC International, which was a miscellaneous stock, soared more than 20 times.

However, just before the disposal, the stock price manipulation was exposed due to a tip from a righteous person(?), and before the stocks could be disposed of, KNC International plummeted, hitting the lowest price day after day, and Cheon Deok-yu, who designed the operation, was arrested without being able to save a single penny. .

So what happened to him now?

The main culprit, Cheon Deok-yu, was sentenced to five years in prison and is currently in prison.

He even bribed the Vice Minister of Foreign Affairs to manipulate stock prices, but he was only sentenced to 5 years in prison!

As expected from a fraudulent republic(?), it is very lenient on stock price manipulators.

In any case, Baek Sang-cheol, who leads NDY Investment, is the son-in-law of Cheon Deok-yu.

“Then the name NDY must have come from there.”

“huh?”

On the website and investment prospectus, NDY is introduced as the abbreviation for Network Development Yield.

But in reality… … .

“NDY probably stands for New DukYu.”

Cheaters never die.

They just come back and cheat again.