A Returner’s Successful Investment Method - Chapter 651



Only Krnovel

Episode 651. malay scandal (12)

I went to work and met David.

“You look tired.”

“it’s okay.”

While I was walking around, David wasn’t playing either.

He carefully analyzed the ramifications of this incident and made an investment plan.

Catching scammers is catching them, and the important thing is how to make money.

First of all, the most important target is Richman Sachs.

“If the situation escalates, a fine of more than $10 billion is possible.”

“How much was Richman Sachs’ net profit last year?”

“It’s $10.9 billion.”

“Then that’s roughly one year’s worth of net profit.”

“A fine is a fine, but if negative news such as management investigation and arrest, personnel departure, and image decline are combined, the stock price will fall even more.”

At this level, it can be said to be the biggest bad news since the company was founded.

“It’s the way of the world that if you do something wrong, you get punished.”

But in reality, this principle does not work well, so people like me are needed.

The current Richman Sachs stock price is approximately $150 billion.

As a large domestic securities company, the size of the company is only about 5 trillion won, so the majesty of the world’s largest IB can be felt from the stock price.

If you look at the market capitalization alone, you might think it is small compared to big tech companies, but… … Due to the nature of the financial industry, the capital it handles exceeds $1 trillion.

“The Malaysian stock market will also take a significant hit.”

If the investigation into corruption proceeds in earnest, there will be more than one person who will be caught.

The economic policies that have been pursued so far will be shaken, and companies that are in collusion with the government will close or reduce their businesses.

While we were talking, the secretary made a report.

“A guest has arrived.”

“It looks like you’re already here.”

David and I greeted guests in the reception room attached to the representative office.

There was a Latina woman in her 40s wearing a suit.

“You must be busy, but thank you for coming.”

She said with a smile.

“No matter how busy you are, if it’s Continu Capital work, you have to come in person.”

Her name is Eleanor Reed.

He is an investigator with the FBI.

“Say hello. “Do you know who this is?”

I introduced David.

“nice to see you.”

“I heard a lot about you.”

The two men shook hands lightly.

We sat down.

She said, looking inside the drawing room and out the window.

“I like the company.”

I said it as a joke.

“I made some money in the meantime.”

“I probably didn’t call you to brag… … “What is it about?”

It looks a bit expectant.

So far, you have never lost anything by listening to me.

“It’s because of a crime tip.”

“Report a crime?”

“It would be easier to look at the data yourself rather than giving a long explanation.”

I presented the materials I had organized.

Investigator Reed read it slowly. Then his eyes widened.

“Is this true?”

“yes.”

In any country, there are plenty of scammers.

This is also true in the United States.

As it is the country of Cheonjo, its scale is also unique.

Bernard Madoff, who ran a Ponzi scheme against celebrities, Mercedes Watson, who said he could detect all diseases from a single drop of blood, or Brad Burton, who rolled a truck on a hill and announced that he had developed a hydrogen truck.

Even so, the embezzlement of $7 billion by issuing bonds from a Malaysian state-owned company would be shocking in itself.

Investigator Reed muttered as if he was dumbfounded.

“7 billion dollars… … .”

The amount is so large that the average person cannot even perceive it.

“Are you saying this money is really gone?”

“According to our estimates, yes.”

“Isn’t this just an estimate?”

I said with a smile.

“Every investment that Continue Capital has made so far has been based on assumptions.”

“… … .”

Investigator Reed was unable to provide a rebuttal.

She would know very well what the results of that investment were.

“So you’re saying Ming Liu led these events?”

“yes. And Richman Sachs cooperated even though they knew there was a problem.”

Again, this was a huge event even in the first episode.

So how many people were arrested for this incident?

Ming Liu fled to Hong Kong as soon as the incident broke out, and is presumed to have gone to China afterwards.

Richman Sachs mobilized all current and former government officials to lobby and agreed to reduce the fine and be exempted from criminal punishment.

Only one person was arrested.

He is a former executive at Richman Sachs, who is known to have led entertainment and lobbying.

For your information, even he was quickly released on bail.

The only price paid by those involved was the loss of bonuses received for this incident.

This is Wall Street IB!

Detective Reed shook his head.

“Richman Sachs hasn’t changed since then.”

“It’s always the same place.”

Due to the 2008 global financial crisis, many people around the world lost their jobs, many people lost their homes, and many people took their own lives.

So what happened to the financial companies that triggered this crisis?

Did it all go to waste and the people involved go to jail?

you’re welcome.

Rather, they received support from the government in the name of a bailout, and used the money to hold a bonus party.

More than 10 years have passed since then, but the same thing is still happening again.

“Are you asking the FBI to investigate this matter?”

“no. The investigation is already over. What is more important than that is the arrest of the person involved.”

I presented other materials.

“We have summarized Ming Liu’s crimes. “If something happens, they will try to flee abroad, so we need to arrest them before that happens.”

If they escape to China, it is virtually impossible to catch them.

So, you have to catch it while you are in the US.

Inspector Reid said as he scanned the data.

“If this charge is true, it would be possible.”

“If you watch, you will see that it is true.”

I slowly leaned forward and said.

“As you may have guessed, this is a global scandal. “If we succeed in arresting the main culprit, it will be a tremendous achievement.”

Her eyes lit up at my words.

Who would turn down an opportunity to make a mark?

“It’s not a question that needs to be answered right away. “Now that we have received the report, we will review it.”

“yes. “That’s enough.”

After Inspector Reed returned.

David asked me.

“Is this why you asked Leon Laclair to return the gift you received?”

I smiled.

“well.”

Ming Liu is currently enjoying a party in Spain.

But what if Leon Laclair suddenly offers to return the gift he received?

I am so surprised that I will immediately fly to the United States to meet Leon.

It is easier to arrest someone in the United States than in another country.

“If the FBI catches Ming Liu, it will be difficult for Richman Sachs to get out.”

I nodded.

“yes. “His arrest could escalate the situation further.”

If Ming Liu is caught, it will be easier to prove Richman Sachs’ illegal activities.

Actually, I don’t really care whether Ming Liu is a good guy or a bad guy.

This is the same for Richman Sachs.

There’s only one thing I’m interested in.

The only question is whether it makes money or not.

I said to David.

“Let’s start slowly.”

* * *

[(WST) Continue Capital raised issues throughout the 1IDB bond issuance process!]

(strategy)

Continue Capital released a report related to 1IDB.

1IDB is a state-owned investment company established by the Malaysian government to invest in overseas companies, and its capital was raised entirely through the issuance of bonds.

Of these, Richman Sachs issued $7 billion in bonds and sold them to institutions around the world.

It is reported that Richman Sachs earned $650 million in profit from this one transaction.

Continue Capital claimed that ‘several suspicious aspects were detected in the 1IDB bond issuance process’ and that there was entertainment and illegal lobbying targeting Richman Sachs executives during this process.

(syncopation)

Continue Capital revealed the fact that it had short-sold Richman Sachs and presented the theory of Richman Sachs’ responsibility in relation to 1IDB.

‘What is important is where the proceeds from the sale of the 1IDB bonds went. We are currently tracking this. If this money is not used for investment or in an account and is taken elsewhere, it is a crime. Richman Sachs will have to answer for this.’

Continue Capital’s report was shocking in itself.

In the meantime, Continu Capital has been fighting with all kinds of companies.

NPL, Gobble, Facenote, Thisla, New Currency Enterprise, Sunir Group, etc.

Most of the stock prices of companies attacked by Continue Capital fell, and Continue Capital made huge profits each time.

Even so, this opponent was special.

Richman Sachs. It is the largest IB in the United States that operates around the world, and is virtually a symbol of Wall Street.

But Continue Capital targeted that exact spot.

This immediately made news all over the world, and the Internet went crazy.

-Did you shoot the world’s largest IB?

-What on earth is 1IDB?

-You mean $7 billion is now gone?

-Richman Sachs is only in charge of broadcasting bond issuance. Is there any responsibility here?

-I know. Even if there is a problem, 1IDB is the problem.

-No matter how much Continue Capital does, does it make sense to short Richman Sachs?

– Haha, these guys are really crazy.

-World’s largest private equity fund VS. World’s largest investment bank

-ㅎㄷㄷ My heart feels majestic.

-There will be some sparring in the middle of Wall Street.

-Is this a true story?

* * *

[Continu Capital snipes at Richman Sachs for short selling!]

[Continue Capital raises questions about 1IDB bond issuance!]

[Key Richman Sachs officials, Continue Capital’s claims are groundless and framed… … .]

After the Continue Capital report came out, Richman Sachs was put on alert.

CEO Lloyd Dimon gritted his teeth as he watched the articles pouring in.

“These crazy people… … .”

Richman Sachs is the largest investment bank in the U.S. and the world, representing Wall Street.

What kind of crazy person in the world would dare pick a fight with Richman Sachs?

As a financial company, Richman Sachs was aware that its short selling was rapidly increasing.

I was curious what kind of people they were, but I never would have guessed that they were Continue Capital.

Moreover, the reason was absurd.

‘1IDB?’

Of course I remembered it.

Thanks to the issuance of 1IDB bonds, Richman Sachs was able to reap the maximum profit in the quarter.

Bonds worth $7 billion were issued safely, and were sold out with pension funds and institutions around the world purchasing them.

That’s all over… … .

‘Are you suddenly finding fault with this?’

Strictly speaking, it is a company or country that issues bonds, and financial companies only relay and sell them.

Even if a company, whether stocks or bonds, goes bankrupt and becomes a piece of paper, the financial company that relayed and sold it is not responsible.

CEO Lloyd Dimon immediately called an executive meeting.

“Shareholders are agitated.”

“Investors are asking for fact-checking.”

“We cannot stand still like this. “We must respond proactively.”

The stock price closed down 5 percent due to the report released during the day.

If Richman Sachs is attacked by private equity funds, its reputation will be lost.

CEO Lloyd Dimon gave instructions.

“Publish rebuttal materials immediately and consider buying back shares.”