Vol 3 Chapter 7196: All dumbfounded

Madoff looked proud.

Once, you all called me a liar, a super liar, but now, I can fulfill all of this, and any promise I made, with a 20% return on profit per year, can be fulfilled.

Is a 20% return on profit even 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, a multi-millionaire, and it is not a problem to make hundreds of millions of dollars. In comparison, the profit rate is hundreds or even thousands of times.

Also, for those venture capital funds, their profits are often thousands of times.

In contrast, 20% profit is too low, horribly low.

However, there is a huge difference of magnitude in the middle, and that is the amount of funds.

Warren Buffett’s annual profit return is actually very low. His return on capital is only around 5% per year, which is not high at all. But he wins in one point, that is, the steady growth of funds, which can achieve 5% growth every year. When this growth is accumulated over the years, it will be very terrible.

You know, Buffett's funds are very large. The funds he manages, hundreds of billions of dollars, can grow by about 5% every year, which is quite terrifying.

When a person's wealth reaches a certain level, it becomes difficult to grow.

This is like, if you want to be called a millionaire, you can do it with a small chance. Multi-millionaire, it's not difficult. After becoming a millionaire, hard work can do it. Then, billionaires, it takes a little luck and a big opportunity.

After that, it will be difficult to become a billionaire, or even a tens of billions. That's not something you can do if you want to. That requires ability, vision, luck, and opportunity, all of which are indispensable.

Just like Lin Feng himself, if he keeps not coming out in Chu City, then Lin Feng's wealth will gradually form a monopoly in Chu City with the flower tea business, fast food business, Internet cafes, etc., and become a local chaebol.

With assets exceeding 100 million yuan, there should be no big problem. But if you want to go up 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, hundreds of millions of assets are already extraordinary. However, compared with the current wealth and status, it is far worse.

Hundreds of millions of assets are just a lot compared to ordinary people. In this capital society, hundreds of millions of assets have just crossed the threshold. Still belong to the ‘poor’ in this circle.

After all, a mansion can cost hundreds of millions, and a luxury car can cost millions, tens of millions, and a private jet can cost tens of millions. If you have hundreds of millions of assets, you can only hang on to the ophthalmology department.

On Madoff's side, the funds he absorbs come from these super-rich people or some big banks. He disdains to make money from the poor. That makes too little, too slow, and too much energy.

On the contrary, the money of the rich is not as knowledgeable as the rich, but the rich are just as stupid. As long as they have greed, they will be stupid. This is human nature.

Therefore, the funds that Madoff defrauded were at least several million U.S. dollars. This was the beginning. After this, it was a huge capital flow of tens of millions and hundreds of millions of dollars. Too little, he didn't want it at all.

With such a huge capital flow, you guarantee 20% of the profit, that is fraud. This is simply impossible.

But now, if you invest in the space industry, that 20% profit is nothing. Because of the space industry, that is the current high-end field, the higher the cutting-edge, the more scary the profits.

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For example, a gold mountain the size of the continental United States, or a planet formed by gold mines, has now been discovered. This rate of return on profit would be great.

A gold mountain the size of the mainland of the United States, although it is not known what its gold content is, at least it can be worth tens of trillions, or even tens of trillions of dollars, or even more. This is a huge profit that cannot be predicted.

"What you said is true?" asked Mo Jin, the former president of General Financial Corporation.

But he wasn't asking Madoff, there was no credibility in what this guy said. What he asked was Lin Feng.

The words of Lin Feng in the world are trustworthy.

Lin Feng smiled and nodded.

"It's true, I really found Jinshan, a Jinshan as big as the United States!" Brightman and others fry the pot.

Of course, including the entire Hofstra University, are also fried.

Such a big gold mine, this one is terrible. How much is this!

This is not just a question of money, it also means that the previous scam, this huge Ponzi scheme, is not a scam, but a real one. Then, the financial turmoil that formed before this was a misunderstanding.

The more important thing is that these people, that is, none of them went bankrupt. Not only did their funds still exist, but they were also able to obtain the originally promised profits.

"I asked Mr. Lin to come here today, just to tell everyone that all the people who invested before can come to me to get back your funds and the profits you deserve according to the original agreement signed. And because I am now I don't have enough money, so I pledged my shares in Paul's, with an annual interest of 30%, and borrowed funds from Mr. Lin on credit." Madoff said loudly.

Lin Feng nodded.

"So, all Madoff customers can come to me to register, and once your identity and funds are confirmed, I will refund them in full." Lin Feng promised.

The audience was a sensation.

Mo Jin ran directly in tears, and was the first to raise his hands and ran to Lin Feng.

"Mr. Lin, I signed up. I am the first to redeem it. My life was completely destroyed because of this scam...this investment. My current life is extremely miserable. I want to redeem it!" Mo Jin was in tears.

It is not easy for him. He has worked hard all his life, but he was ruined because of Madoff, his money was gone, his reputation was gone, and his family was insecure because of this. It can be said that he was quite suffering. He originally thought that this life would be ruined like this.

Never thought that it could still work from time to time.

"Mr. Mo Jin, don't you want to continue investing? A 20% return on profit per year is quite a lot." Madoff was anxious.

"Mr. Mo Jin, you are sure, I will register immediately. You should know that I am the most annoying person!" Lin Feng also urged, "And you, make a decision quickly, and tell me if you have a decision. Here, all of the customers who invested in Madoff, you can contact me now. Contact me immediately. Remember! There is only one opportunity, and there is nothing to miss. After all, this asteroid still has a little problem, such as the timing of mining. , Hasn't confirmed yet, and there is no news about its exploration volume yet!"

At this time, everyone was dumbfounded.

(Today's two changes are over and continue tomorrow! Thank you for your support!)