Chapter 816 Liar From Wall Street (2)

Back then, the deception was exposed, and many magazine covers in New York portrayed Madoff as a devil, but they didn’t think about whether there was a pie in the sky. After all, losers are making excuses for their failures, and they don’t want to admit it. own greed.

It's not that smart people have become suspicious, because whenever Madoff is asked what kind of investment strategy he adopts, he either refuses to answer on the pretext that it is confidential, or the answer is more confusing than a secret code, and various professional vocabulary The accumulation of all the top analysts on Wall Street has been fooled. The so-called model formula is difficult for mathematicians to decipher, which left a very strong potential impression on the outside world. It's full of awe.

But in fact, the reason is very simple. His strategy is to continuously absorb funds, and use the money of the latecomers to distribute dividends to the first comers. Of course, he also distributes dividends to himself by the way.

This is his biggest business secret. As long as he has a good mouth and enough social status, anyone can play a routine. In fact, Ponzi schemes are flooding the streets and alleys of the people, and bank lending is essentially a Ponzi scheme. variant of

One time, an old lady was always worried about the money she handed over to Madoff, and kept nagging him to make it clear. In the end, Madoff, who was so annoying, wrote her a check directly, and the old lady saw it—my God, it has changed so much! Immediately happily returned the check to Madoff, and rushed to persuade his relatives and friends to also invest. Perhaps, Madoff thought that these people deserved it, and it was not unreasonable. Greed is the original sin!

But no matter what, greed does not violate the law, and it may not be punished for losing everything. It is not his turn to do justice for the sky. Of course, he is not so noble. The money he got is just to earn for himself. Yachts, Bordeaux manors, custom-made clothing and private jets, of course, these properties were later seized and auctioned, part of which was used to compensate the victims.

Cheating is cheating, no matter how it is packaged, it is a crime, and there will always be a day when the truth will be revealed, until the financial crisis in 2007 came. In the huge crisis, the new funds that were hooked were less, and those who asked for redemption The requirements increased, and Madoff finally couldn't get rid of this big hole no matter what.

At a Christmas party in 2008, Madoff told the truth to his sons, who had been kept in the dark before—the wealth was obtained by fraud, and now they have nothing.

After some emotional venting, Madoff's two sons called the police, and Madoff was arrested hours later.

In June 2009, the 71-year-old Madoff was found guilty of 11 counts of fraud, money laundering and theft by the court, and was sentenced to 150 years in prison. It is roughly estimated that he has defrauded a total of 65 billion US dollars of wealth in his deceptive career. It is still recognized as the largest financial fraud in American history.

It is said that at the end of the road, Madoff and his wife once thought about committing suicide by swallowing drugs, but failed. After all, they did not have the courage to die. However, it is unexpected that two years after Madoff was arrested, someone committed suicide—his youngest son Mark.

For Madoff's other son, Andrew, what happened around him was simply an unfathomable nightmare, "What he did to me, to my brother, to our family is unforgivable." Andrew's original words, "And what he did to thousands of other people ~ I really will never understand, I will never forgive him, and I will never speak to him again in my life."

The wife is not as unfeeling as the son,

Occasionally, she would visit her husband in prison. Although she was not prosecuted, her life was also ruined. Even her every expenditure of more than $100 had to be approved by the bankruptcy guardian.

Faced with such a situation, Madoff occasionally regretted it in prison. In an interview, he lamented, "This is a nightmare for me. I wish they had caught me six or eight years ago. "

But most of the time, he still feels good about himself, and always emphasizes to others: "I'm not a liar, I'm a businessman."

He, too, had a crowd of admirers there, recalls those who have been to the prison, almost like a superstar, and, as on the outside, Madoff still refused to sign anywhere because he was sure “people would put their autographs on eBay sell".

This is an extreme self-confidence, and it is hard to believe that he will regret it. Everyone understands that if Madoff is asked to do it again, he will still go this way, and even come up with a more perfect way to get through the financial crisis. , make this deception perfect.

Now, another Ponzi scheme is about to be staged in front of his eyes. Yang Cheng doesn't know how he feels. Anyway, if David Ellison hadn't forced him, I'm afraid he wouldn't have gone. As for the fate of those who were deceived Miserable is not in his consideration. Anyway, he didn't cheat him, so he doesn't feel any guilt at all. Besides, all the people attending this party are celebrities and wealthy. Even if they are cheated, they won't be able to survive.

He is now starting to think about who to take with him tonight. This is also the first time he has appeared outside after his accident. He must not allow people to see a miserable self. Therefore, the choice of female companion must be very particular. Those flesh and bones It's not within his consideration.

Of course, he didn't want to get involved with those famous ladies. These women were much more difficult to deal with than those gold diggers who wanted to cling to the rich.

He casually took the towel from White and wiped off the water on his body, but accidentally knocked off a stack of letters on the side table, bent down to pick them up, White said, "These are expired letters and a bunch of invitations, I It is about to be smashed."

Yang Cheng helped pick up a few letters, but his eyes were attracted by the white letterhead on the top, because it was signed by Taylor Swift, and the name of the country queen should not be misunderstood. An invitation to a new house party. I looked back and forth and there was no time stamp, and asked, "When was this sent?"

White glanced at it and thought for a while, "Looks like last week, when you were F~B~I."

"She bought a house in Beverly again?" Yang Cheng asked amusedly. It is true that this queen loves buying houses too much, and there are more than ten houses according to the records.

White also knew the stalk, and laughed, "That's right, her moving party last week made Beverly Hills quite lively."

Yang Cheng blinked, and thought about it, worrying about not having a female companion. Isn't this ready-made.

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