"No? No one of you know about Ponzi fraud, which was the greatest last century and even the root of modern financial fraud?"
Tang Xin was speechless to everyone's reaction.
Sun Dao crossed his legs and swayed twice, smiling and said, "I want to know what your mind is? Why do you seem to know everything."
Others stared at Tang Xin with the same expression.
This made Tang Xin unable to accept it.
With his right hand stretched out from his pocket and waved it casually, Tang Xin asked back: "Is it strange to know that things in the world without leaving home? This is an era of developed Internet! What is the purpose of computers? One of the important functions of the Internet is information sharing. Spend 30 minutes a day to read the news and discover some stories you are interested in, and you will have more knowledge of the world."
Everyone was indifferent to Tang Xin's almost accusing words.
Tang Xin felt that he was playing the piano with a cow, so he let out a long breath, walked to the coffee table, pointed at Cheng Mu, and said, "I will briefly talk about the nature of Ponzi fraud. This scam, known as the root of fraud, can be called the textbook for later generations to imitate or develop, and it will never be separated from it. Ponzi fraud is like this. Cheng Mu, you have 100 yuan, I will tell you, give me 100 yuan, and within ten months, I will give you 20 yuan every month, so that you can collect 200 yuan in ten months. Are you willing to do such a transaction with me?"
Cheng Mu looked at his companions around him and suddenly felt very stressed and hesitated for a long time without saying a word.
"What are you hesitating about this kind of good thing?"
Tang Xin looked at Cheng Mu incredibly, feeling that he had chosen the wrong person. When he was about to turn to look at Sun Dao, Cheng Mu quickly shouted: "I do, I do, Oh, I was thinking about what if you lied to me."
Now, Tang Xin looked at her with appreciation and said, "Yes, your concerns are right! So, this scam started from the beginning. I asked you to pay 1,000. Even if you can get it, you will be careful of being cheated. But if you are an adult, you won't take 100 seriously."
Tang Xin walked back two steps and set a distance away from everyone sitting on the sofa.
"Okay, now Cheng Mu has given me 100 yuan as an investment. I promise to return her 20 yuan every month, totaling 200 yuan."
Cheng Mu raised his hand like he was in class, and Tang Xin reached out to her and signaled her to speak.
"But you only have 100. Even if you give me 20 a month, you will have no money in the sixth month. Would you pay me your own money?"
A smile appeared on his face, and Tang Xin nodded and said, "This question is good!"
Cheng Mu's mouth curled up and his smile was cute.
Tang Xin said calmly: "The first month has come, and I gave Cheng Mu 20 yuan. Cheng Mu, you found out that the money has been obtained, what do you think."
"Make money! 10 yuan in capital, 10 yuan in profit."
Cheng Mu shouted, Tang Xin slapped and praised: "That's right! The previous worries and concerns were wiped out, because the money was indeed back. Then, my friend around Cheng Mu, Ye Qiu, will you be moved when you see Cheng Mu making money in this investment? How much investment will double it back to you!"
I knew it was a scam before, but Ye Qiu put himself in his shoes and thought about it. A high-return investment, coupled with the money received by his friends, is definitely difficult for ordinary people to resist the temptation.
She nodded, giving a reply.
Tang Xin snapped his fingers: "Now, I have 180 on my hand, and I pay each of them 20 next month, and I have 140 on my hand. And their friends, Sun Dao, Lin Xue, Qiu Qiang, and Xia Qingying, saw such a good thing and participated in it. I will have more and more money in my hand! Of course, I cannot rely solely on customer publicity. I want to hire employees to commit such fraud for me. I just need to make a clever name and put on a sign to attract investment. You can imagine a picture in your mind, the pyramid, but it is an upside down. I am the person at the top of the tower below, and the people who are constantly expanding and increasing layer by layer, and their wealth continues to pour into my pocket. People like Cheng Mu who invest first, after seeing super high returns, either increase their investment in the middle or enter the second round of larger investment after the first round of investment, and the money is like snowballing in my pocket."
Cheng Mu raised his hand with a smile again, and Tang Xin waved his hand to signal her to speak.
"I understand. This is to tear down the east wall and repair the west wall! But what if there is no one on the top of the pyramid?"
Tang Xin rarely smiled from the bottom of his heart and said, "Good question! But smart layups will withdraw money when their wealth reaches its peak and disappear. Because this pyramid will collapse one day! And this is the way of making money by Ponzi fraud, which gives you visible and tangible benefits, and then makes you willing to pay more money for me to squander! More and more people who have spent their entire life savings invest in me, and I just need to focus on the account book, either feel it is enough, or the next payment day will cause the money in my pocket to drop significantly. At this time, I will leave with the money."
After learning about the Pangshi fraud explained by Tang Xin, Sun Dao touched his chin and said thoughtfully: "Isn't this a pyramid scheme? Pyramid mode."
Tang Xin sneered and said disdainfully: "There is no comparison of pyramid schemes that have no technical content. Too many people who want to imitate the Pangshi fraud but are reluctant to let go of the money they have obtained. Just like some pyramid schemes now, you not only have no return when you pay the money, but also have to be brainwashed. I can't understand how such investments are attractive, let alone you need to recruit offline like you go to work. Similar to senior salesmen in insurance companies, they just need to forge the company's seal and certificate and provide a private bank account, and they can put the insured's money into their own pocket when developing their business. Private issuance of false stocks, equity transfer books, private equity funds, etc. In fact, they have never surpassed Ponzi fraud. No matter whether it is the means or its attractiveness, they cannot be better than the best."
After Tang Xin finished the basics he wanted to say, he summarized it.
"Friends, a scam that last century almost a hundred years ago is still being played by crappy imitators in China today. What is the reason? It is greed and ignorance! If you are not greedy and keep your rationality, you will not be tempted by abnormal high returns. If you are not ignorant, at least you will also find out the situation of your investment partner. So, if you have money in the future, if someone suggests you to make a high return investment that is stable and profitable, I hope you will keep your mind clear and at least ask yourself: What good things have you done that can make a pie falling from the sky hit your head?"
Tang Xin's words benefited a lot from everyone present, and the alarm bell was sounded in his mind.
Lin Xue lowered her head ashamed to see people, and Sun Dao still comforted her: "Your gold speculation is different from what he said."
Is it different?
Sun Dao smiled bitterly in his heart. In fact, it was the same, it was just greed and ignorance, and the way of giving money to others was different.
Qiu Qiang listened very seriously while Tang Xin was speaking and nodded frequently, but he fell into doubt.
"Tang Xin, what are the high returns you mentioned? How much is the high return? For example, Fengya Fund managed by Dong Fucai has high profits every year. Is it fake?"
When he heard Qiu Qiang mention Dong Fucai's name, Tang Xin wrapped his arms around his chest and sneered: "You forgot what I said before? Policy. Qiu Qiang, I will talk to you about this Fengya Fund today."
Qiu Qiang was stunned and reached out to signal Tang Xinzhi to speak.
Tang Xin said expressionlessly: "I know you admire Dong Fucai. His elegant fund has indeed risen almost with a mythical momentum in recent years, but you must understand a fact! Soros's quantum fund, in the glorious era before the closure, had an average annual return rate of about 30%. Before 2000, Robertson's Tiger Fund was almost the same as when Dong Fucai was at its peak. The most famous funds in the world, Yalin Fund, Meida Fund, etc., were all crazyly admired by investors because they created a return rate of more than 30%. Do you think that Dong Fucai became a godfather-level financial figure after returning from studying abroad? Ordinary funds have a stable return rate of 5%, which has attracted the public? Why? Because it is higher than the fixed interest rate of banks! It can be sold at any time, but what about depositing it in the bank? It becomes a current issue if you withdraw it before you go abroad!"
"You mean Dong Fucai's Fengya Fund is falsely reporting profits?"
Qiu Qiang's face was full of entanglement, and he always felt that there was a contrast in his impression of the characters he had always admired.
Tang Xin shook his head and said coldly: "No, but I would rather believe that his Fengya Fund is making money by relying on his personal information, otherwise he is really capable, so why is he staying in China? Moreover, the announced Fengya Fund profit rate may have shrunk."
Qiu Qiang shook his head and sighed, touching his face, feeling very disappointed.
"Hey, Tang Xin, why are you off topic again?"
Xia Qingying called out dissatisfiedly, and she couldn't understand a single word about Tang Xin and Qiu Qiang's conversation.
Tang Xin was stunned and asked, "I've finished saying what I should say, are there any one I don't understand?"
"Ye Qiu's Daddy's Stock?"
"Did you not think about it? Did I say so much just now? Now there is a pie hit Ye Qiu's father's head!"
Everyone looked at Tang Xin speechlessly, and Tang Xin also felt uncomfortable.
After all, these people won’t think about it themselves!
Chapter completed!