Chapter 65
Tamsui Fund Company has all the documents that should be available and requires experienced licensees to help supervise. Ye Dongqing also spent money to find one, which cost a full $200,000 a year. She doesn’t have to do anything, and she can get the money when she lie down at home.
As a public fund, it is okay to take money from investors to invest, and it is a legal act.
The illegal thing is that Tamsui Fund does not have the ability to perform its contract. Although it stipulates the "principal guarantee" and the "annualization rate of return of 7.5% and 8%" in total, there is actually no way to guarantee that it can perform its contract.
Ye Dongqing knew that he could make money by investing, and the people in the regulatory authorities did not understand this. Judging from the current situation, his company had no margin, and no investment in many treasury bonds, bank deposits, etc. with extremely low risks, which could not prove that it had the characteristics of guaranteed capital and stable high returns.
This is a violation of regulations. As long as the regulatory authorities find it, fines and rectifications are inevitable. If someone wants to make the matter worse, he may even face imprisonment.
Therefore, Director Vigo showed concern and difficulties.
She was not worried about Ye Dongqing, but she was worried that her financial license would be revoked. It was right to have that exemption agreement, but the association may not necessarily recognize that piece of paper, and there are still extremely high risks.
When it comes to the Securities and Exchange Commission, it is no easier to deal with those guys than to a smart lawyer. In fact, Ye Dongqing also knows that it will be a matter of time before he gets angry, but in order to make quick money in a short period of time, he is willing to take such risks.
Ordinary fund companies help users manage assets, and then make money through transaction commissions and management fees. This means that the investment results are profitable or loss-making, and they have little to do with the fund company. Anyway, the commission has been put into the pocket for a long time, so even if they encounter a financial crisis, they will just lose their "cows" and can continue to start over if they regroup.
Tamsui Fund is different. The financial products it launches are like bank fixed deposits, and more like "bonds" issued in the name of a company, and then agreed on interest and invested the money by itself.
There is a huge difference between the two. Ye Dongqing did operate illegally. Now he depends on when he is discovered. It will be a day to delay it. When he earns enough capital, he may be able to make up the deposit, or he may just give up the deal, so that the Tamsui Fund will end its business and return the customer funds, along with the principal and interest.
What is more likely is that after paying the fine, it will transform and become a normal operating fund company, selling financial products to customers according to floating profits and losses. This will lose many customers and greatly weaken the attractiveness.
This kind of practice is similar to a group of rogue companies. For the famous clothing fast sales brand ZARA, it tirelessly plagiarizes the new season products of major brands, and sometimes it is launched earlier than the genuine ones. If others sue it, then slowly sue it and continue to sell things.
The money you compensate in the end may be only one-tenth of the profit, and it will be bigger and bigger by relying on this.
Now Ye Dongqing is playing a hooligan. He specifically asked a law firm that the punishment for violations of this level is not very strong. Of course, it is on the premise that there is no loss of investors' interests.
Compared with the punishment, the profit is very considerable. A few days ago, I worked hard to help the old man launder money and only made some money. After starting to run a Tamsui Fund Company, I almost got six million US dollars. Most of them exist in the form of book wealth. I didn’t even rob a bank and made money quickly without doing such a low-cost business.
After hearing Ms. Vigo's words, he did not express any fear or fear, but was worried that he would ruin his job so early.
He asked tentatively, "How did they know, what did you tell them?"
"What can I say?! I've hidden it for you and told the other party that the new boss is strong and willing to spend money to come in and play. They don't know that we don't have a margin, nor do we invest any safe and low-risk assets!"
"No, I'm not investing a million US dollars in Treasury bonds."
Ye Dongqing's joke undoubtedly added fuel to the fire. Ms. Vigo was already panicked and was even more annoyed now. She regretted following her on the pirate ship. It is difficult to separate her relationship now.
He saw the thoughts in his heart written on his face.
I was worried that others would not notice it, so I was stabbed in the back by the company's employees and used the method of reporting to get out of it.
After thinking about it, weighing the pros and cons, he whispered: "I read a sentence in the book. If an employee chooses to betray it must be because the boss is reluctant to give more chips. As long as the company survives the end of this year, I will make a million US dollars in the bank you designated.
In addition, I will give you a job, for at least twenty years, and the salary is only higher or lower than now. Just we both know about this and agree to make this deal?"
Ms. Vigo did not expect this. She didn't understand why Ye Dongqing gave her money. She was an extremely smart woman. She quickly figured out something. After taking a deep breath, she left the sentence: "I'm not old, but I'm even more cunning than I thought."
After saying that, he left without any delay.
Ye Dongqing looked at her back and smiled happily. She guessed that she had agreed. She was not that charming, so she let the employees take risks and be willing to work hard for herself. But US dollars are innocent, and those papers printed with ink are quite charming.
Not reaching a high position, whether it was the money or the job, it was very tempting to Ms. Vigo.
You know, she is no longer a young woman, and it is hard to say whether she can earn one million US dollars in the next ten years. Who would want to work for others at the age of fifty and worry about whether she would lose her job every day?
A transaction was completed under the noses of other employees. All supervisors of Vigo needed to do was to help Ye Dongqing maintain this illegal financial product until the end of the year. Only one month left to bring most of the time to avoid being targeted by the Securities and Exchange Commission's subordinate institutions.
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Laura was so entangled that her eyebrows were frowning, and her white and tender face was full of distress.
Just a few minutes ago, Ye Dongqing was in a very good mood and said she would take her shopping until after getting off work today.
She originally thought this guy was thinking about her, but she had been living together for more than ten days and nothing happened, without showing any explicit or impliedness.
However, today she suddenly asked herself to go shopping. In this country where a glass of wine is considered a hint, she will inevitably take a few more turns and think about other things - after having enough wine and eating, will she start to get into the brain?
Speaking of it carefully, Laura was actually a little angry. During the time she lived with her, she began to question her appearance for the first time. Otherwise, how would she explain Ye Dongqing's behavior as a gentleman?
At first glance, she looked inconspicuous. After knowing each other for so long, she recently began to think that Ye Dongqing was a little cool, but she was still very smart and began to have some expectations for tonight...
Chapter completed!