Chapter 5482: You Owe Me a Favor
Madoff collapsed in despair in Silik's Baroque-style soft sofa.
"Oh, God, father, what happened to you!" Mark Madoff exclaimed. He had never seen his father like this since he was a child. In Mark's eyes, his father Bernard Madoff has always been his idol and a big man in his mind. No matter what he faces, he is calm and composed. But now? His father, the hero and big man in his mind, has dull eyes, a gray face, messy hair, and even the Armani suit is wrinkled. This is a far cry from the image of his father who always wears a straight suit.
"Mark, I'm done! I'm done!" Madoff whispered.
"Oh my God! Father, what's done! What's done!" Mark Madoff was a little crazy.
"Mark, my 'Madoff Investment Company' is bankrupt! I'm done!" Madoff roared in a low voice.
"Bankruptcy! How is this possible! How can this bankrupt! Father, isn't your company running well? Isn't it able to pay interest on time every month! And the interest is as high as %!" Mark Madoff exclaimed.
"Mark, you also know this monthly interest of %, use your financial knowledge, no, financial common sense to tell me, monthly interest of %, is this reasonable? Is this normal!" Madoff asked.
"This..." Mark Madoff shook his head. From the first day he got involved in the financial industry, he knew that in this world, if the investment income ratio can maintain an annual growth of % , it is already very good. Of course. There are many people on Wall Street who have annual incomes of several times or even dozens of times, but that is no longer investment, but speculation. For normal and reasonable investment, % is good, and if you can have % you will be very happy, % is considered the most successful investment.
But on my father's side. Monthly interest %, annual interest %, this is not normal! How can there be such a high return on investment! Unless, unless, unless this is... this is... a scam! Thinking of this, a financial term came to Mark Madoff's mind, but he couldn't believe that his father would do such a thing. And he didn't believe that so many powerful celebrities and investment companies would believe his father so blindly.
"But they all invested in you. And they believe in you so much!" Mark Madoff was like a drowning man grabbing a straw.
"Mark! What about you, you are still the investment manager of my company, have you ever doubted me!" Madoff asked.
Mark was struck by lightning!
"Father, you, you really, really. Really created a 'Ponzi scheme'!" Mark Madoff asked tremblingly. He didn't even have the courage to look up at his father.
"Mark, this scam started years ago. At first, I just wanted to supplement the family income. After all, our living standard far exceeded my income. But later I gradually became addicted to the feeling of being respected and in power. You know, those people even begged me to invest their money and begged me to cheat them! These people are ridiculous, you say. As a high-level liar, would you not accept this money!" Madoff smiled bitterly, "Just step by step, I got deeper and deeper into it! Of course, if I hadn't met Lin Feng, I wouldn't have buried such a deep mine. Unfortunately..."
"Lin Feng! What's wrong with him? What does it have to do with him?" Mark Madoff asked in surprise.
"He invested 100 million US dollars in me!" Madoff said.
"What!" Mark Madoff exclaimed.
"And now, he wants to redeem the money. I don't have money to give him, so the Ponzi scheme is bankrupt!" Madoff smiled bitterly.
"Father, can you ask him not to redeem it!" Mark Madoff screamed.
"Mark, I thought the same as you before, but it's impossible. Do you know how much money his wedding cost? He's short of money!" Madoff smiled bitterly.
Mark Madoff was silent. Indeed, Lin Feng's wedding was too luxurious. A mountain range was built as a new home. This was so big that no one could imagine it. It was reasonable for him to be short of money.
Madoff sighed. In fact, he didn't say much, that is, as a partner of Lin Feng's investment, he was not invited. This itself made Madoff feel a little unreasonable. Today, Lin Feng asked for redemption, and it was Abby Cohen who asked for redemption, and did not give him any questioning or even negotiation opportunities. Madoff suspected that Lin Feng might have known about his Ponzi scheme.
If this is true, then Madoff has to consider one thing, whether Lin Feng knew it early or later. If he knew it later, it would be better. If he knew it early and lent him money, then it would be a big trouble. The trouble is really big. If so, what exactly does Lin Feng want to do? What is his goal!
Madoff is the former chairman of NASDAQ. He is well aware that if Lin Feng knew about his Ponzi scheme and still invested in him, then he must have some ulterior motive. Lin Feng invested 100 million US dollars, so he certainly did not think about taking it back. It is impossible to take back the money from the Ponzi scheme, so it will definitely be lost. With so much capital invested, Lin Feng must want to get more. And the only place where Lin Feng can get more returns must be in the stock market.
He wants to short sell all futures! Oh, this will bring a catastrophe! This may become the most terrible financial crisis in history! Oh, the world economy will collapse! At this moment, Madoff almost jumped up to warn Nasdaq and Wall Street. But then, he sat down limply on Silik's Baroque sofa.
Even if he warned, what would happen? This financial crisis, no, it should be the financial storm that was caused by him. If he warned, it would directly set off a financial storm in the whole world. He knew very well how much money he had in his hands and where the money came from. The whole world has gone crazy, and he is just the last straw that broke the camel's back of the fragile financial system of this world. Whether he warned or not, this financial storm will inevitably break out and there is no escape.
Thinking of this, Madoff was desperate. He did not consider the consequences when he first created this "Ponzi scheme". But he believed that the consequences would not be too serious, because the funds he absorbed were all repeatedly reviewed by him, and were not absorbed at will. Even if his "Ponzi scheme" broke out, it would not be too serious.
Of course, he also admitted that he lost control a little later. He couldn't control his own desire, and later lost control, absorbing too much funds. But even so, he believed that the world economy was still controllable and nothing would happen. But Lin Feng's move was like a thunderbolt, completely smashing the already fragile financial system of Wall Street.
But he couldn't stop it! There was no way to stop it! In this matter, it was already doomed. Perhaps everything was doomed from the beginning of his "Ponzi scheme".
"Father, what should we do now?" Mark Madoff asked in a low voice.
Madoff figured this out and felt much calmer. Since it is inevitable, think about how to minimize the losses! This is the key.
"Mark, you have to do one thing now, that is, go to the police station to report me!" Madoff said in a deep voice.
What! Organize your own father! Mark Madoff exclaimed and screamed.
"Mark, calm down, listen to me!" Madoff pulled Mark to calm him down.
"Mark, listen to me. This time, the incident will definitely make a big fuss, and I will definitely become the target of public criticism. But I am already old, and what awaits me is nothing more than imprisonment, and this result of mine will definitely not calm the anger of those people, and they will vent their anger on you. So, you must report me and clear yourself from this matter. Otherwise, they will definitely target you." Madoff said in a deep voice.
Madoff is sure that if this "Ponzi scheme" goes bankrupt, many people will be angry. Where can these people vent their anger? On him? That's useless. He is old and will also go to jail. He might be beaten to death. And they will definitely vent their anger on their sons. He has two sons. The younger son went out to start his own business early, but this eldest son has always stayed by his side and is also his most beloved. He must think about the future of his two sons.
"But, father, I report you, this... this is not okay!" Mark Madoff shook his head.
The phrase "killing relatives for the sake of justice" has been used in ancient and modern times, both in China and abroad. But if you really do this, it would be too cruel. Mark Madoff, you can't do this.
"Mark, you have to do this! Also, I have a sum of money here, it's secret money, about 100 million US dollars, which will not be detected, you take it, give half to your brother, then you move to another place, leave the United States, live in seclusion in other countries, don't come out again. Otherwise, they won't let you go!" Madoff handed Mark Madoff a card.
"Father!" Mark Madoff looked at the bank card and didn't dare to take it.
"Take it, and report me now, immediately!" Madoff said in a deep voice, "Also, I heard that Lin Feng's fireworks should be set off at 10:00 in the morning, which is New York time. Remember to time it and let the police come here at 10:00. Also, notify the reporters to arrive on time at 10:00!"
Mark Madoff was stunned, why?
"Okay, go ahead and do what I tell you to do! Remember, when the reporters arrive, you will report all my crimes. Also, if anyone threatens you, give this list to Lin Feng. Just say that he owes me a favor and he must pay it back." Madoff handed Mark a USB flash drive. (To be continued ~^~)