Wall Street Legend
Chapter 65 Bribery
Freshwater Fund Company has all the necessary certificates and needs experienced certificate holders to help supervise it. Ye Dongqing also spent money to find one. It costs a full two hundred thousand US dollars every year. He doesn't need the other party to do anything and just lie at home. You can get money right away.
As a public fund, there is nothing wrong with taking money from investors to invest and it is legal.
What's illegal is that Freshwater Fund has no ability to perform. Although it stipulates "principal preservation" and an "annualized rate of return of 7.5% to 8%", there is no way to guarantee that it will be able to perform the contract.
Ye Dongqing knows that he can make money by investing, but the people in the regulatory authorities don't understand this. Judging from the current situation, his company has no margin, and it does not invest in many extremely low-risk treasury bonds like ordinary capital-guaranteed funds. Bank deposits, etc., cannot prove that they have the characteristics of capital preservation and stable and high returns.
This is a violation of regulations. As long as it is discovered by the regulatory authorities, fines and rectification are inevitable. If someone wants to make things worse, they may even face imprisonment.
Therefore, Director Vigo looked worried and confused.
She is not worried about Ye Dongqing, but she is worried about her financial license being revoked. It is true that she has the exemption agreement, but the association may not necessarily recognize that piece of paper, and there is still a very high risk.
When it comes to the US Securities and Exchange Commission, dealing with those guys is no easier than dealing with a shrewd lawyer. In fact, Ye Dongqing also knows that it will be a matter of time before he gets into trouble, but in order to make quick money in a short period of time, he is willing to take this risk.
General fund companies help users manage assets and then make money through transaction commissions and management fees. This means that whether the investment result is a profit or a loss, it has little to do with the fund company. Anyway, the commission has been settled long ago, so even if there is a financial crisis, they will only lose the "cow" and they can continue to regroup and change companies. Again.
Freshwater Fund is different. The financial products it launches are like bank time deposits, which are more like "bonds" issued in the name of a company, and then the interest is agreed upon and the money is invested by oneself.
There is a huge difference between the two. Ye Dongqing is indeed operating illegally. Now he just depends on when he will be discovered. He will delay it day by day. When he earns enough capital, he may be able to make up the deposit, or he may just give up the pick and let the Freshwater Fund end. business and return customer funds with interest.
What is more likely is that after paying the fine, it will transform into a fund company with normal operations and sell financial products to customers based on floating profits and losses. In this way, it will lose a lot of customers and its attractiveness will be greatly weakened.
Such practices are similar to those of a group of rogue companies. For example, ZARA, the famous fast-selling clothing brand, works tirelessly to copy new season products from major brands, sometimes going on the market earlier than genuine products. Others sue it and then continues to do so. Litigation continues, but things continue to be sold.
The final compensation may be only one-tenth of the profit, and the business will grow bigger and bigger based on this.
Now Ye Dongqing is acting like a rogue. He specifically asked a law firm that the penalties for violations of this level are not severe, of course, on the premise that the interests of investors are not lost.
Compared with the punishment, the profits are very considerable. I worked so hard to help the old man launder money a few days ago and only made so much money. After I started running the Freshwater Fund Company, I almost got six million US dollars, most of which existed in the form of book wealth. Even if you rob a bank, you can make money quickly by doing this kind of low-cost business.
After hearing Ms. Vigo's words, he did not show any worry or fear. He was only worried that his job would be ruined so early.
He asked tentatively: "How do they know? What did you tell them?"
"What can I say?! I kept it secret for you and told the other party that the new boss is powerful and willing to spend money to play. They don't know that we have no deposit and we haven't invested in any safe low-risk assets!"
"Nonsense, I didn't invest one million US dollars in Treasury bonds."
Ye Dongqing's joke undoubtedly added fuel to the fire. Ms. Vigo was already flustered, but now she is even more annoyed. She regrets following the pirate ship. Now it is difficult to distance herself from the relationship.
His thoughts were written on his face, and he saw them.
Worried that others would not notice, I was stabbed in the back by company employees first, and used the method of reporting to get myself out.
After thinking for a while, after weighing the pros and cons, he whispered: "I read a sentence in a book. If an employee chooses to betray, it must be because the boss is unwilling to give more chips. As long as the company can survive the end of this year, I will Transfer one million US dollars to the bank of your choice.
In addition, I will give you a job for at least twenty years, and the salary will be higher than now. Are we the only two who know this and agree to this transaction? "
Ms. Vigo didn't expect this. She couldn't understand why Ye Dongqing gave her money for a while. She was an extremely smart woman. She quickly figured out the meaning. After taking a deep breath, she said: "You are not old enough." Big, but cunninger than I thought.”
After saying that, he left without any sloppiness.
Ye Dongqing looked at her back and smiled happily, guessing that she had probably agreed. He was not that charming, so he allowed employees to take risks and willingly work for him, but U.S. dollar bills were innocent, and those papers printed with ink were quite attractive. big.
Before reaching a high position, whether it was the money or the job, the temptation for Ms. Vigo was not small.
You know, she is no longer a young woman. It is hard to say whether she will earn a million dollars in the next ten years. Who wants to work for others at the age of fifty and worry every day whether they will lose their job?
A deal was concluded under the eyes of other employees. All Director Vigo needs to do is to help Ye Dongqing maintain this illegal financial product until the end of the year. Calculating, there is only one month left to take more than half of it to avoid being cheated by securities companies. Subordinate agencies of the Exchange Commission are on the lookout.
******************
Laura was so entangled that her eyebrows wrinkled, and her white and tender face was full of distress.
Just a few minutes ago, Ye Dongqing, who was in a very good mood, said that he would take her shopping until after get off work today.
She originally thought that this guy was thinking about her, but after living together for more than ten days, nothing happened, and he didn't express or imply anything.
However, today she was suddenly invited to go shopping again. In this country where buying a glass of wine is considered a hint, she would inevitably take a few more detours and think about other things - after drinking and eating, would she start to tadpole her brain.
To be honest, Laura was actually a little angry. During the time they lived together, she began to question her appearance for the first time. How else could she explain Ye Dongqing's gentlemanly behavior?
At first glance, he looked unremarkable. After knowing him for such a long time, she recently began to think that Ye Dongqing was a bit cool, very smart and cool, and she began to have some expectations for tonight...
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