A Returner’s Successful Investment Method - Chapter 614



Only Krnovel

Episode 614 NDY Investment (7)

The next day, 10 stocks also reached their lowest prices.

Half of the market capitalization evaporated in just two days!

As all accounts fell below the margin, counter trading volume poured in, but trading was virtually at a standstill because there were no purchases.

-When can I sell this?

-Oh my gosh, the securities company keeps calling me asking me to add more margin.

-ㅅㅂ I dragged Misu and bought it, but the principal ended up disappearing.

– Haha, they tell me to put in more money, but they just say nothing.

-The principal is already not the problem, but an additional 500 million won has to be coughed up.

-I’m currently looking into personal bankruptcy.

-I would rather live as a believer than pay that money~

-Currently, CFD investors are said to be unable to even talk about losses of less than 10 billion won.

-are you okay. In any case, one out of 10 Koreans has bad credit. There is no problem in living life.

-I am taking comfort in the fact that the operational forces were also destroyed.

– Haha, they are the biggest bite right now. Development life~

-How much did Continue Capital earn?

* * *

When the Financial Services Commission began its investigation into stock price manipulation, NDY Investment was shut down and its instigators dispersed.

Some people turned off their cell phones and went into hiding, but surprisingly, Baek Sang-cheol, who could be said to be the instigator, requested an interview with the media first.

The reason was that he wanted to reveal his unfairness.

SBC immediately set up a video interview with Baek Sang-cheol.

Baek Sang-cheol showed his face on the monitor.

“First of all, I feel personally sorry that something like this happened. However, we would like to clearly state that the market manipulation, stock price manipulation, and operations that some claim are not true. The investment was made normally, and the stock price rose significantly in the process. How can you say that the stock price rise due to a lot of purchases is stock price manipulation? Rather, isn’t short selling and then publishing a report to cause the stock price to plummet is stock price manipulation? Also, one thing I can tell you for sure is that I didn’t make a single penny of profit. Because of this incident, all of my family and acquaintances, including myself, not only had their accounts wiped out, but their accounts became negative. We have all been devastated. On the other hand, Continue Capital, which published a report and sold short, made profits worth trillions of won. “But I don’t know why I and my company should be criticized.”

Sang-cheol Baek said as if he was screaming.

“There is a saying that if you want to find the culprit, you have to find out who benefited. “The person who profited is the culprit!”

Reporter Jin Se-yeon asked him what he said.

“I know what you mean. But before we did the interview, we received a tip.”

“What report?”

“There is a rumor that Baek Sang-cheol is the son-in-law of former KNC International Chairman Cheon Deok-yu, who committed a cobalt mining fraud a few years ago. Is this true? “The informant claims that this operation was also planned by former Chairman Cheon Deok-yu.”

Baek Sang-cheol, who was wiping away his tears, was surprised at those words.

“Oh, no, what kind of person says something like that!?”

“So, Mr. Baek Sang-cheol is Mr. Cheon Deok-yu’s son-in-law, or not? “Please tell your viewers clearly.”

“… … .”

Baek Sang-cheol couldn’t say anything.

Reporter Jin Se-yeon asked urgingly.

“You are Cheon Deok-yu’s son-in-law, right?”

“… … “I will not answer questions about personal privacy.”

Baek Sang-cheol immediately ended the video interview.

Of course, the public reaction to the interview was not good.

-Talk about bullshit for a long time.

-This is the first time I’ve seen a conman directly interviewing the media and complaining about unfair treatment.

-Isn’t it right to at least look for a smuggling ship at a time like that?

– With tears in his eyes, he said, ‘The person who benefited is the culprit!’ Damn this.

-The operation was carried out for over a year, but it was all lost haha. Originally, ㅂㅅ did not know that he was ㅂㅅ.

-When I asked him if he was Cheon Deok-yu’s son-in-law, he couldn’t answer???

-Previously Chairman of KNC International?

-ㅇㅇ He committed fraud by claiming that he had discovered the world’s largest cobalt mine in Congo. The stock price soared more than 20 times thanks to the Vice Minister of Foreign Affairs admitting that there was a mine after taking a bribe. However, just before he was disposed of, an internal tip broke out, so he lost everything and was sent to prison.

– Instead of going to prison and reflecting, you were planning a new strategy. – Look at the sincerity of these con artists.

-He must have been dreaming of being released from prison in a few years and living a comfortable retirement.

-Why on earth is this country so lenient on financial crime?

-This is why stock price manipulation scammers are so stubborn.

-Judges and prosecutors should be suspicious of whether they took money from scammers.

-Let’s get Baek Sang-cheol sentenced to death.

* * *

The sentence Deokyu Cheon received for the KNC International cobalt fraud case was only 5 years.

I will be released from prison in just a few years.

Usually complainants have no hope for the future, but he was different.

While in prison, his wealth is growing day by day.

He consistently received reports of profit details from Baek Sang-cheol.

With that money, you will have no trouble spending your golden years.

‘I should buy a condo in the Philippines and live there for a while.’

It might be a good idea to take a break and try a new business(?) targeting local Koreans.

Because the world is wide and there are many opportunities.

however… … All those hopes were shattered in an instant.

Cheon Deok-yu, who heard the story, screamed in anger.

“Ugh! “What kind of person sprinkles ashes on cooked rice again!?”

It was a perfect plan that could never fail.

However, Continue Capital moved as if it had its own operation in the palm of its hand.

Fraud was his profession. He lived and breathed fraud until now, but it was only once before that he felt something similar to this.

The cobalt mine fraud case.

Even then, someone tipped off the operation just before it was disposed of, and the operation was ruined.

At this point, a thought occurred to me.

‘Could it be that Continue Capital was the one who ruined the operation at that time?’

There was no basis for it, but somehow I was convinced that it was likely.

Cheon Deok-yu screamed as if he was vomiting blood.

“Once I get out of prison, I will never leave these guys alone!”

* * *

Senior Dongho said.

“As expected, once the stock price manipulation became known, it just plummeted.”

“Well, reverse trading also played a role.”

As soon as the lowest price was hit, listings automatically poured in from then on.

“They say the prosecution will also summon Cheon Deok-yu, who is in prison, for questioning. “It looks like they’re trying to charge me as an accomplice.”

“okay.”

“Now that you think about it, doesn’t Continue Capital have some connection with Cheon Deok-yu?”

“There is.”

I thought of Chairman Cheon Deok-yu.

Although he may not know it at all, he is actually a person who contributed greatly to the establishment of Continue Capital.

If he hadn’t committed the cobalt mining fraud, I would have had difficulty raising initial capital, and wouldn’t the establishment of Continue Capital have been delayed by a year?

But then again, it brings such huge profits.

He is truly like a tree that gives generously.

Of course, apart from that, you will have to live in prison for another 10 years.

While Cheon Deok-yu’s sentence is still in progress, he faces trial again for the stock price manipulation case. Since he committed a crime while serving his sentence, he will be severely punished.

I think I’ll have to give him some meals later.

* * *

On the third day, the lower price limit for some stocks was lifted.

However, there was still a large amount of reverse trading and selling volume was pouring in.

As the stock price plummeted for three days, the margin was no longer an issue, but the loss amount had to be claimed.

Since I entrusted my smartphone with the account and certificate, NDY Investment took care of all the trading.

However, the account holder is ultimately an individual.

Therefore, securities firms all contacted individual investors.

The majority of investors were in a serious situation where they not only lost their entire principal but also had to deposit additional losses.

Investors who had suddenly incurred losses ranging from hundreds of millions of won to billions of won responded with absurdity.

Everyone knew that CFDs were leveraged derivatives.

But no one imagined that there would be a loss.

“NDY Investment said they would guarantee the principal no matter what happens!”

“But it’s not enough to lose all the principal, so you have to pay more?”

“Is this bullshit?”

“I didn’t even make a deal!”

“The actual transaction was done by Baek Sang-cheol and his gang, so we should ask them.”

“Aren’t we victims of a fraud?”

“The government must immediately step forward and provide relief to the victims!”

Since there was no money to pay for the loss, everyone lay down on their stomachs.

As expected, 10 stocks lost as little as 60% to as much as 90%, resulting in hundreds of millions or even billions of won in losses.

Is it so bad that they say they can’t even hand out a business card if the loss is less than 10 billion won?

Hundreds of NDY Investment investors claimed that they were victims and announced that they would file a lawsuit against the securities company.

* * *

[Securities, CFD risk!]

[Will the amount of loss lead to a lawsuit?]

[Potential insolvency of receivables, will securities companies bear hundreds of billions of won in losses?]

In the meantime, securities firms competitively sold CFDs.

The reason is that the commission was ten times higher than selling general fund products.

CFD is a TRS derivative.

Since only the difference at the time of purchase and sale is settled, some buy stocks and others mix spot and futures to form the product.

When selling while the stock price is rising, the entrusted foreign securities company disposes of the underlying assets and deposits the amount to the Korean securities company, which then deposits the money to the investor.

Conversely, what happens if the stock price plummets and a loss exceeds the principal amount?

In this case, the money is first paid to the foreign securities company entrusted by the Korean securities company that sold the CFD. And Korean securities firms charge this to investors.

If the investor does not pay the loss amount, the loss must be borne by the Korean securities company that sold the CFD.

There were other problems besides CFD.

These are individual investors who belatedly rushed in after seeing the stock price surge and stock recommendations from fininfluencers.

Many of them did not just buy stocks, but also used miscellaneous funds.

However, as the stock prices of 10 stocks plummeted by 7 to 90 percent, prospective investors also suffered losses exceeding the principal amount.

Securities companies notified them to pay the loss immediately, but few people responded.

Legally, it can be obtained through a lawsuit or seizure, but if there is no property in the individual’s name, there is no way to recover it.

It was predicted that securities companies would suffer losses of 400 billion won due to this incident.

And among these, it was KD Securities that suffered the most losses.

This is because it actively sells CFDs and is the securities company most used by individual investors.

Reflecting these concerns, KD Securities fell 23 percent on the first day and an additional 15 percent on the next day.

In this situation, a new article appeared.

[Continue Capital announces short selling to KD Securities and Mirae Securities!]

[Risk level of loss in CFD and margin trading balances of some securities companies!]

KD Securities CEO Cho Kyung-hwi screamed when he saw this.

“It’s because of you! “It happened because you caused it to crash!”