A Returner’s Successful Investment Method - Chapter 657



Only Krnovel

Episode 657 malay scandal (18)

[YAG Entertainment CEO Seok Hyun-seong is suspected of providing sexual services to Ming Liu!]

(strategy)

Ming Liu, who was arrested as the main culprit of the Malay scandal, testified that he received sexual favors from YAG Entertainment CEO Seok Hyun-seong several times.

Their first meeting took place at a party at a Las Vegas club.

Ming Liu is investing in film and record labels, and is also interested in K-pop.

Accordingly, CEO Seok Hyun-seong invited him to Korea.

YAG Entertainment reportedly proposed to Ming Liu the construction of a K-pop theme park and performance hall in Malaysia as part of its business diversification.

In the process, CEO Seok Hyun-seong took Ming Liu to a business run by Madame Jang and treated her for three days. Madame Jang is a woman in her 40s who is known to run three businesses in Gangnam.

A woman who attended this event testified, ‘During the drinking party, CEO Seok Hyun-seong clung to Ming Liu’s right side and tried to please him.’

Perhaps because he liked the entertainment, Ming Liu went on a trip to Marseille, France a month later and requested YAG Entertainment to accompany the women.

CEO Seok Hyun-seong immediately contacted Madame Jang and requested that she recruit women to host the company, and Madame Jang recruited about 10 aces and sent them to France.

The women spent the night together at Ming Liu’s villa and were paid $100,000 a day in return. They also traveled to Italy and Monaco together on a private plane, and Ming Liu allowed department stores to reopen after closing hours to sell luxury goods. Bags, shoes, and clothes were presented to the women.

According to the testimony of an anonymous YAG Entertainment employee, ‘even the employees were mobilized in this process’, ‘I thought it was wrong, but no one could oppose CEO Seok Hyun-seong’s decision’, ‘Ming Liu likes K-pop. It is said that he liked Korean women.

(syncopation)

Meanwhile, CEO Seok Hyun-seong claimed that although it is true that he invited Ming Liu to Korea and had drinks, there was absolutely no sexual entertainment, and that he had no knowledge of the fact that women at the entertainment establishment met Ming Liu in France and that he had nothing to do with it.

As numerous testimonies and accusations have been made, the Seoul Metropolitan Police Agency is conducting an investigation by summoning CEO Seok Hyeon-seong in connection with the suspicion of sexual entertainment.

The article itself was shocking.

It is a thing of the past that Korean entertainment companies were run in a ruthless manner.

Currently, there is a systematic training and management system in place, and K-pop is gaining global popularity.

But the CEO of Entertainment provided sexual services to Ming Liu!

It is not even a small or medium-sized entertainment company, but YAG Entertainment, one of the four major Korean entertainment companies listed on KOSPI!

As the Malay scandal was already a hot topic, this news made headlines around the world.

-What is this?

-You took women with the bar madam and provided them with sexual services?

-Isn’t YAG Entertainment a drug company? When did you get this far?

-CEO Seok Hyeon-seong. Congratulations on advancing to CNN, NBC, BBC, NHK, and CCTV!

-No, what if the CEO becomes more famous than the agency’s idols? Haha

-LOL I’m really going crazy.

-Shouldn’t YAG be considered the top Korean entertainment company at this level?

-This is Wolcle!

-Somehow, Continue Capital sold all of its shares.

* * *

I ate a burger and a dark beer with Trish during the O’Connor Pub break.

We clinked beer glasses.

“thank you for your effort.”

“Even Miru.”

It seems like both of them were busy working for a while.

Trish took a gulp of dark beer.

Seeing them drinking beer makes me feel refreshed.

“ha! “Now I can take a breather.”

“Congratulations on the scoop on the Malay scandal.”

“What. “It’s all thanks to Miru.”

It was a big incident the first time, but this time it was several times bigger than that.

The first place to report this incredible incident was none other than the Wall Street Times, a small Internet newspaper in New York.

And the person who reported in depth was reporter Trish O’Connor.

This incident made headlines all over the world, and the number of views of the WST article that first reported it literally exploded.

“Do you know that this case is the largest in terms of dollar amount since the Bernard Madoff fraud?”

“Hmm, it’s not easy to beat Madoff.”

This won’t work even if Jo Hee-pal and Joo Soo-do come.

Even though we couldn’t win in terms of money, the issues were just as good.

The reason it became such an issue was, of course, because of Ming Liu’s extravagant behavior.

No swindler has ever been so extravagant and debauched.

Internet media outlets and tabloids focused on Ming Liu’s promiscuous private life.

This attracted the public’s attention as Hollywood stars, pop stars, models, etc. were involved in it.

Even people who are not particularly interested in finances or fraud cases are very interested in gossip.

“I wonder what it would be like to spend that much money.”

Trish chuckled at my words.

“You can do it if you put your mind to it.”

It’s not wrong.

Even now, you can easily spend about $1 billion by receiving dividends.

but… … .

“Because it doesn’t look like much fun.”

In fact, luxury has clear limits.

Although Ming Liu worked hard, he could not even spend 2 billion dollars.

Excluding purchases of assets such as real estate, jets, yachts, and paintings, he spent less than $500 million purely on fun.

It’s so hard to spend money in this world.

But there is no limit to making money.

So the really rich people are trying to make more money today. I think it’s more fun this way.

“I didn’t know they were really going to take down Richman Sachs.”

“I’m going to break it down.”

Richman Sachs is not about to fall apart because of something like this.

Still, the damage suffered from this incident will not be normal.

First of all, not only was the company forced to cough up all of its profits for the year, but about 10 current and former executives and employees, including Ricky Joe, became targets of investigation.

As various illegal activities such as entertainment, entertainment, lobbying, bribery, and collusion have been revealed, it is not a situation that can be easily overlooked.

“There was talk that Chairman Lloyd Dimon was going to resign.”

“It was time to step down.”

I was able to maintain my position in the first round, but this time it will be difficult.

Even now, there are many former Richman Sachs employees in the Treasury Department and the Federal Reserve Bank, and Richman Sachs has received numerous benefits as a result.

However, due to this incident, public opinion regarding this matter has worsened significantly.

Therefore, it will be difficult for Richman Sachs to exert as much influence on the government as before.

These concerns are also reflected in the stock price, which has fallen more than 35 percent.

This is the biggest plunge since the financial crisis.

“Did you earn a lot?”

“I earned a decent amount of money.”

The decline rate was not large, but the number of short sales was high.

Richman Sachs is a large corporation with a market capitalization of over $150 billion.

In addition, when Richman Sachs first issued a short-selling report, it was able to pour in more short-selling thanks to its defense.

It invested $30 billion and earned about $8 billion.

In addition, David analyzed the impact of a regime change on the Malaysian economy and invested in related ETFs and derivatives, making a profit of $4 billion.

While we were eating burgers, drinking beer, and chatting, my cell phone rang.

I got a call.

“Yes, senior.”

Senior Dongho spoke urgently.

[Have you seen the YAG Entertainment article? Is this real?]

“Well, it must be true.”

[Hey! Does this make sense? How long has it been since the agency’s idol was arrested for drug use, and the CEO was accused of paying sexual favors? But how did you find this out?]

“… … .”

Well, I didn’t know because I saw it the first time… … .

I roughly looked around.

“While investigating Ming Liu, I received a tip from someone around me.”

[That’s why I told you to sell it in advance. Because of this, YAG Entertainment is not in an uproar right now.]

When this incident became known in the first round, CEO Seok Hyun-seong had resigned from his position as he was being tried for away gambling, tax evasion, and threatening his agency’s idols.

As the person involved had already left the company, the impact was not that great.

However, CEO Seok Hyun-seong is currently actively engaging in external activities.

He served as the main judge of the audition program and planned the launch of a new boy group. In this situation, the issue of sexual favors arose.

Of course, he dropped out of the audition program, and the launch of the boy group was also postponed.

As the situation was several times greater, the stock price hit was also several times greater.

It has come down to half of its high point.

[I’m glad I sold it first.]

“Is that the end?”

[then?]

I said, sighing slightly.

“If I end up here, I won’t make any money.”

[huh?]

To make real money… … .

“Go to CEO Seok Hyun-seong and offer to acquire the shares.”

Currently, his stake is 16.8 percent, making him the largest individual shareholder.

[what? really?]

“yes. “CEO risks are resolved when the CEO disappears.”

[You’re telling me to sell it and get out. Then who runs the business?]

“We have to look for good people internally.”

[okay. I’ll have to ask the deputy governor once the acquisition decision is made.]

After the call ended, Trish asked.

“What did you talk about?”

The reason I asked this question even though I was listening right in front of me was because I spoke in Korean.

“It’s nothing special, it’s because of YAG Entertainment.”

“ah! I saw the article. The CEO of a major Korean entertainment company provided sexual services to Ming Liu. “How can that be?”

“That’s right.”

This could never happen in a Confucian country with deep history and tradition.

By the way, Ming Liu, this guy really lived happily… … .

Even after doing this in the first round, he escaped safely to China. However, this time he was arrested in the United States.

Thanks to this, asset recovery was also accomplished quickly.

However, there is already a lot of money missing here and there, so it is unlikely that even half of it will be recovered.

This is what con artists and embezzlers always think.

Wouldn’t it be okay to live for a few years and live off the money I hid?

That’s because even if you only stole 100 million dollars, you wouldn’t have to worry about making a living for the rest of your life.

“How many years will Ming Liu be out?”

“They say that even if the current charges are applied alone, you will be sentenced to more than 50 years in prison.”

It might be an Eastern country(?) that is lenient on financial crime, but this is the United States.

Bernard Madoff, who created the worst Ponzi scheme in U.S. history, was sentenced to 150 years in prison, and CEO Jeffrey Skilling, who caused the Enron crisis, a representative accounting fraud case, was sentenced to 24 years and 4 months in prison.

Even if it comes out later, won’t it be around the time you die of old age?

Thinking about this makes me feel so good.

“You look happy.”

I spoke confidently.

“sure. Catching ex-scammers is the most fun thing in the world. Interesting! So exciting!”

I have yet to find a more fun hobby than this.

Trish laughed in bewilderment.

“Why do you hate procrastinators and cheaters so much? Have you ever been harmed before?”

“what… … .”

I got hit hard in the first round.

That’s why I’m working hard to catch it after it returns.

“A murderer kills one or two people and that’s it, but financial fraudsters kill hundreds or thousands of people and destroy countless families.”

“I guess so.”

However, scammers are like cockroaches, no matter how much you try to swat them, they will always pop out somewhere.

Therefore, it must be eradicated more thoroughly.