A Returner’s Successful Investment Method - Chapter 609
Only Krnovel
Episode 609. NDY Investment (2)
Deokyu Cheon.
From a young age, he engaged in various frauds, including loan sharking, multi-level marketing, and special real estate, and earned the title of 15 criminal offenders.
Although I made enough money to cheat, I wasn’t satisfied with this amount.
‘We need to play in bigger water.’
So he stepped into the stock market.
In his view, the Korean stock market was truly a land of opportunity.
He became the CEO of KNC International, a KOSDAQ-listed company through a merger and acquisition, and immediately began manipulating stock prices.
They spread the rumor that the world’s largest cobalt deposit was located in an abandoned mine acquired from Congo.
As the Ministry of Foreign Affairs acknowledged the reality of the mine, the rumors turned into fact, and the stock price soared like crazy, hitting the upper limit every day.
There was just one step to the finish.
After announcing good news, I planned to sell all the stocks at the highest point, take the money, and leave Korea.
however… … .
Everything was discovered just before that, and the operation ended in failure.
‘If I had just a few days, I could have made 100 billion won!’
Even thinking about it now makes my teeth grind together.
‘What kind of guy exposed it?’
He made every effort to find the informant.
The revelations at the time contained many details that were difficult for anyone but an insider to know.
So I suspected an internal traitor and searched for it, but no one came forward.
So who on earth noticed his operation and reported it to the Internet media?
Anyway, the operation failed, and Cheon Deok-yu was arrested and put on trial.
Still, thanks to the slush fund he was able to hire, he was able to hire a luxurious defense team comprised of former judges and prosecutors, and was sentenced to five years in prison.
Cheon Deok-yu did not rest even in prison and came up with a new plan.
‘Now it’s hard to do things the same way as before.’
He was not one for foolish consistency.
To avoid the same failure as before, I planned more carefully this time.
‘If the stock price rises in a short period of time, the financial authorities will quickly notice. Therefore, select stocks with a small market cap and low trading volume and slowly raise the stock price over a long period of time by engaging in full trading and side trading. If you select companies with substantial stability rather than loss-making companies, you can attribute the rise in stock prices to increased sales and expectations for the future.’
However, since it is currently an English language company, it was difficult to directly lead the stock price manipulation.
Therefore, he introduced his network to his son-in-law, Baek Sang-cheol, and provided initial funds.
“I will only trust you. “If this ends well, my family can all live happily.”
Baek Sang-cheol, who came to visit, bowed his head.
“I will do my best, father-in-law.”
* * *
Senior Dong-ho, who heard the story about Cheon Deok-yu, stuck out his tongue.
“So, did you order the stock price manipulation while in prison?”
“I guess so.”
You can’t give up your own habits.
Seeing people working so hard even in prison makes me feel like I should work harder too.
In this case, unlike other stock price manipulations, CFDs were combined with a multi-level method.
Looking at things like this, as expected, those who have tried to commit fraud are good at it, and those who have tried to manipulate stock prices are good at it.
“So what are you going to do? Are you going to report it?”
“It’s still just a guess, so let’s gather more data.”
“how?”
“Leave that to me, you have work to do.”
“What should I do? what?”
I said it as if it was obvious.
“What can you say? “We have to make money by stabbing the operational forces.”
* * *
I met Jiyu again.
“There’s that investment that Changmin Jung mentioned last time.”
“yes.”
“Can you pretend to be interested and ask for some additional information?”
“yes. I’ll give it a try. ah! Now that I think about it, he asked me to come to the investment briefing session.”
“okay?”
At this point, Jiyu also looked curious about what was going on. I told her honestly.
“There is a high possibility that NDY Investment is a stock price manipulation force.”
Jiyu was surprised by my words.
“Stock price manipulation?”
“huh.”
I told him what I had learned so far.
“uh! So what happens to Senior Changmin Jung?”
“what… … “You should take responsibility for what you did.”
Strictly speaking, Jung Chang-min did not directly participate in stock price manipulation.
However, not only did he invest a large amount of money, he also worked hard to promote investment for those who manipulated the stock price.
Even if one is not legally punished, it is difficult to avoid moral responsibility.
The best way is to sell now.
He handed over his cell phone containing the certificate and trading account, but all you have to do is go to the securities company with your ID and request a sale.
Of course, even if you make a profit, it will be confiscated as proceeds of crime, but you will still be able to salvage the principal.
but… … .
There’s no need to tell you this.
We’re not even close friends personally.
Above all, if you talk to Jung Chang-min, there is a high possibility that the stock price manipulation forces will also notice.
“You don’t have to do it if you don’t feel like it’s a burden.”
Then Jiyu shook her head.
“no. “If it’s stock price manipulation, we need to catch it even more!”
* * *
Changmin Jeong.
An actor and singer who debuted 27 years ago.
After making his debut as a teenager, he starred in numerous movies and dramas that became box office hits, and was also active in entertainment shows.
Although he is an all-rounder with many talents, it was his talent as a singer that brought him to the top.
Every album they released was a huge success, they ranked first on countless music programs, and they won countless awards.
There were few people who didn’t know his name or heard his songs.
However, this is limited to Korea.
His popularity abroad was almost non-existent.
When he first started working, overseas expansion was literally a story about someone else’s country.
Then the Japanese and Southeast Asian markets opened, and now it has become very popular in the United States, and K-pop has become a genre.
In fact, expanding overseas was Jung Chang-min’s dream.
Idols are currently leading the K-pop craze.
The music is not a ballad, but a dance. Accordingly, Jung Chang-min decided to open his own agency and create a boy group.
In fact, there were several singers, songwriters, and managers who achieved great success by opening entertainment companies.
There was no reason he couldn’t do what others did.
So he founded All Right Entertainment and created a boy group called CM8.
But when I actually started my own agency, it wasn’t as easy as I thought.
Many unexpected problems arose, and there were more than one place to put money. Changmin Jung invested all the money he had earned, but his debut process was not smooth.
Above all, the idol market was already saturated.
There were groups waiting in line to debut, and it wasn’t easy to even appear on a music broadcast.
Before their debut, they first revealed the members and concept through A-Tube and SNS, but the response was not great.
Even though Jung Chang-min himself appeared on various entertainment shows and worked hard to promote the group as a boy group that he created through several years of effort, it was not easy to attract the public’s attention.
As members were replaced and the concept changed, the debut was delayed and the investment increased like a snowball.
At this time, Jung Chang-min met a person through an acquaintance.
His name was Baek Sang-cheol. He was the CEO of an investment advisory company called NDY Investment.
At the meeting, he announced that he would invest 2 billion won in his agency.
This was like a rain in a drought.
Baek Sang-cheol spoke to Jeong Chang-min.
“I am a fan of Jung Chang-min. “I’m glad we had this opportunity to connect.”
“thank you.”
“From now on, think of me as a close younger brother, and talk to me comfortably.”
“Is that okay?”
“yes. “I will call you brother too.”
Although they only met for a short time, Baek Sang-cheol and Jung Chang-min soon became like older brothers.
Afterwards, Jung Chang-min attended a charity party held by Baek Sang-cheol.
Baek Sang-cheol’s connections were amazing.
Hospital directors, lawyers, politicians, etc. that you may know just by hearing their names.
The majority of them were investing in Baek Sang-cheol’s investment company.
Jung Chang-min has been in the entertainment industry for 27 years.
In fact, there are few places where there are as many fraudsters as the entertainment industry.
There were more than one conman he had met, and among the fellow celebrities he worked with, there were more than one person who lost his fortune after being tricked by a conman.
Jung Chang-min has been running several businesses, not just an entertainment agency, and he was not immature enough to fall for fraud.
However, after hearing the stories of people around me and seeing the profits with my own eyes, I couldn’t help but believe it.
If Baek Sang-cheol had recommended investment directly, I would have been a little suspicious.
However, he did not say anything about investment.
In the end, Jung Chang-min, who was worse off, spoke first.
“Representative Baek. “Can I make some investment too?”
“Your brother?”
However, Baek Sang-cheol’s reaction was unexpected.
“We don’t receive new investments very often. There is no particular need for more investment. “If you are looking for short-term profits, I recommend investing elsewhere.”
As Baek Sang-cheol showed a lukewarm reaction, Jung Chang-min became even more excited.
“Don’t do that, let me ask you a favor.”
“How much would you like to invest?”
“I think it will be about 4 billion won if we put in all the extra funds.”
“Although our investment company guarantees the principal, the returns may not be as great as expected.”
“How much profit will it make?”
“Those who invested early received five to six times the return. However, those who are investing now should think twice or three times the amount.”
“Two, two or three times?”
“yes. “We tend to value stability rather than high profits.”
However, my eyes widened when I heard that the profits would be two to three times higher.
“How do I invest?”
“First, you must obtain professional investor qualifications from a securities firm and open CFD trading. Then, just hand over your smartphone and certificate to the company.”
Chang-min Jeong obtained qualifications as a professional investor by proving the income of the account balance to a securities company as instructed by Sang-cheol Baek, and opened an account capable of CFD trading.
He then handed over his smartphone containing the trading account and certificate.
Then something surprising happened.
His account balance, which had 4 billion won, quickly increased, and his profit reached 1 billion won and 2 billion won.
And it made a profit of 5 billion won in just one month.
Jung Chang-min could not contain his astonishment.
‘I can’t believe I can make money this easily!’
All the hard work I had done to release albums, appear on TV shows, and attend events felt like it was in vain.
With this money, wouldn’t it be possible to raise idols and export them to the global market?
Perhaps his agency, All Right Entertainment, could develop into a major entertainment company like SOT, GY, or Hyper.
NDY Investment had one unique rule that other investment companies did not have.
That is, if a new investor is attracted, the person who attracted 10% of the profits can receive it.
If you attract more investors, you can earn more profits.
From then on, Jung Chang-min began active promotion.