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Madoff looked proud.
In the past, you all called me a liar and a super liar, but now, I can fulfill all of this. Any promise I made, the 20% annual profit return rate, can be fulfilled.
Is a 20% profit rate a Ponzi scheme?
Yes! Because this has far exceeded the normal bank interest, and also exceeded the profit of any financial product.
It is true that in the financial market, one can become rich overnight. From a pauper to a millionaire or multi-millionaire, it is not a problem to earn hundreds of millions of dollars. In comparison, the profit rate is hundreds or even thousands of times higher.
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Also, those venture capital funds often make thousands of times their profits.
In comparison, 20% profit is really too low, outrageously low.
However, there is a huge difference of equal magnitude, and that is the amount of funds.
Buffett, the stock god, has a very low annual profit rate of return. His return on capital is only about 5% every year, which is not high at all. But one thing he excels at is the steady growth of capital, and he can earn 5% every year.
Growth, when this growth accumulates over many years, it will be very scary.
You know, Buffett's capital is very huge. The funds he manages are hundreds of billions of dollars, and they can grow by about 5% every year, which is quite scary.
When a person's wealth reaches a certain level, it becomes difficult to increase it.
This is like if you want to become a millionaire, you can do it with just a small chance. It is not difficult to become a multimillionaire. After becoming a millionaire, you can do it with hard work. Then, billionaires,
That requires a little luck and a big opportunity.
After that, it will be difficult to become a billionaire or even a tens of billions. It is not something you can do if you want to. It requires ability, vision, luck, and opportunity, all of which are indispensable.
Just like Lin Feng himself, if he never comes out in Chu City, then Lin Feng's wealth will gradually form a monopoly in Chu City with the scented tea business, fast food business, Internet cafes, etc., and become a local tycoon.
If the assets exceed 100 million, it shouldn't be a big problem. But if you think about it again, it will be difficult.
After all, the scale of Chu City is limited, and Lin Feng's assets are naturally limited. In Chu City, assets of hundreds of millions are already very impressive. However, compared with the current wealth and status, it is far behind.
Assets of hundreds of millions are just a lot compared to ordinary people. In this capital society, assets of hundreds of millions have just crossed the threshold. They still belong to the "poor" in this circle.
After all, a luxury house costs hundreds of millions, a luxury car costs millions, tens of millions, and a private jet costs tens of millions. If you have assets worth hundreds of millions, you can only do ophthalmology.
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For Madoff, the funds he absorbed all came from the super rich or some big banks. He didn't bother to make money from the poor. It was too little, too slow, and too energy-consuming.
On the contrary, the money of the rich, although the rich are more informed, are just as stupid. As long as they are greedy, they will be stupid. This is human nature.
Therefore, the funds that Madoff defrauded were at least several million US dollars. This was at the beginning. Later, it was a huge flow of tens of millions or hundreds of millions of dollars. If it was too little, he would not want it at all.
With such a huge capital flow, if you guarantee 20% profit, that is fraud. This is simply impossible.
But now, when investing in the space industry, the 20% profit is nothing. Because the space industry is now a high-tech field, and the more advanced it is, the more terrifying the profits are.
For example, if a gold mountain as big as the continental United States is discovered, or a planet formed by gold mines, the profit rate of return will be huge.
Although the gold content of a gold mountain as big as the United States is unknown, it is worth at least several trillions, even tens of trillions of dollars, or even more. This is a huge profit that cannot be estimated.
"Are you telling the truth?" asked Mokin, the former president of General Financial Corporation.
But he wasn't asking Madoff. This guy's words had no credibility at all. He was asking Lin Feng.
In the whole world, Lin Feng's words are the most trustworthy.
Lin Feng smiled and nodded.
"It's true, a gold mountain has really been discovered, a gold mountain as big as the continental United States!" Brightman and others were furious.
Of course, the entire Hofstra University was also in trouble.
Such a big gold mine is terrible. How much does it cost?
This is not just a matter of money, it also means that the previous scam, this huge Ponzi scheme, is not a scam, but a real thing. So, the previous financial crisis is a misunderstanding.
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More importantly, none of them went bankrupt. Not only did their funds still exist, but they were also able to obtain the profits they had originally promised.
"I invited Mr. Lin here today just to tell you that all those who have invested before can come to me and get back your funds and the profit returns you deserve in accordance with the original agreement. And because I am now
There was not enough money, so I pledged my shares in Paul and borrowed funds from Mr. Lin on credit at an interest rate of 30% per year." Madoff said loudly.
Lin Feng nodded.
"So, all Madoff clients can register with me. Once your identity and funds are confirmed, I will refund you in full." Lin Feng promised.
The whole place was shocked.
Mo Jin burst into tears and was the first to run up to Lin Feng with his hands raised.
"Mr. Lin, I signed up. I want to redeem it first. My life has been completely destroyed because of this fraud and investment. My life now is extremely miserable. I want to redeem it!" Mo Jin said!
Tears flowed freely.
It was not easy for him. He had worked hard all his life, but in the end he was ruined because of Madoff. His money was gone, his reputation was gone, and his family was restless because of it. It can be said that he was suffering quite a lot. He originally thought that his life would be ruined like this.
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I never thought that things could still turn around.
"Mr. Mokin, don't you want to continue investing? A 20% return rate per year is quite a lot." Madoff was anxious.
"Mr. Mo Jin, if you are sure, I will register immediately. You should know that I hate people who regret it the most!" Lin Feng also urged, "And you, make a decision quickly, and let me know when you make a decision.
Here, all the customers who have invested in Madoff, you can contact me now. Contact me immediately. Remember! You only have one chance, if you miss it, it is gone. After all, there are still some problems with this asteroid, such as the timing of mining.
, it has not been confirmed yet, and there is no news about its exploration volume yet!”
At this moment, everyone was confused.
Chapter completed!