Chapter 832 The largest Ponzi scheme in history

However, this p2c investment did not make much waves in Daxia.

There is no other reason than that the threshold for this kind of investment is very, very high, so high that even many rich people cannot enter the threshold.

When it comes to p2c investment, one person must be mentioned - Bode McDowell.

In his lifetime, he was a self-made financial legend and an "investment master" as famous as the stock god Bahuite!

But his identity before his death was that he was the main culprit in the largest investment fraud case in the history of Hegemony, and he was recognized as the "King of Ponzi Scheme" in the history of finance!

As many as 70,000 people were defrauded by him, spread across 136 countries around the world, and the amount of fraud exceeded 500 billion Hegemonic currency (according to the exchange rate at the time, it was approximately 4.2 trillion Daxia currency).

At that time, half of the world's rich people fell into his hands.

It can be said that in the first half of his life, Bode was more like a reborn person than Chen Mo, a reborn person.

Bode, who started borrowing money to open a stock intermediary company at the age of 22, has had a smooth journey and has become the 79th on the list of hegemons.

At the age of 43, he even became the chairman of the board of directors of Nadak, leading Nadak to develop into a stock exchange that rivaled the New York Stock Exchange. Later, world-class oligarchic companies such as Pingguo, Guge, and Sike, etc. They were all listed in Nadak with his help.

In addition, he liked to do charity. In the eyes of investors and the public at that time, he was simply a social model: modest, low-key, family-oriented, and charitable.

It can be said that the first half of Bode McDowell's life was a happy inspirational movie.

If he retires after his success at this time, he will definitely become a legend in the stock market just like the stock god.

Unfortunately, he was not willing to do this.

Starting in 1994, after 62-year-old Bo retired, he started working as a personal financial planner, and the annual interest rate he gave was astonishingly high: 30%!

And, whether it is a bear market or a bull market!

At first, Bode's customers were acquaintances such as relatives, friends, etc., but the ultra-high returns soon attracted more investors.

Soon, he was rumored to be a miracle in the investment circle.

In this way, Bode successfully broke into the circle of the top few wealthy people in the hegemonic country, and began to lobby the wealthy people about his hedge fund record and impressive rate of return.

And at this time, Bode also announced in a high-profile manner:

"From now on, we will only accept single investments with a minimum of 100 million Hegemony currency!"

This threshold soon changed to only accept a single investment of more than 1 billion Hegemonic currency.

Even so, investors were still like crucian carp crossing the river. In the end, Bode only accepted a single investment of more than 5 billion hegemonic currency.

This is also the reason why almost no one in Daxia remembers p2c.

At this time, there are only a few people in Daxia who can enter the investment threshold of Bode!

For these rich people, Bode still promises an annualized rate of return of more than 30%, no matter whether the stock market is a bull market or a bear market, it will be unstoppable regardless of rain or shine.

While providing high returns, Bode also has requirements for investors: he is not allowed to be listed as an investment advisor in any marketing materials. He is also very secretive about the operation and investment strategies of the fund. If a "client" breaks the casserole and asks for the truth, he will refuse to accept the customer's investment.

It must be said that Bode's grasp of human nature is very accurate.

In the eyes of many, investing money in Bode has become a status symbol.

Who is the legend in the stock market and the former chairman of Nadak? He has great powers and can definitely achieve the gains that others cannot achieve.

At this time, Bode was so bragging that he believed all his boasts. Every time he gave a speech, he publicly boasted: "I make money in rising markets, and I also make money in falling markets. Only markets that lack volatility can do that." It leaves me at my wits end.”

As a result, the most wealthy people (like Ren He) in all countries around the world begged Bode to help manage their finances.

Bode's "perpetual motion machine for wealth" myth collapsed in 2001, which is very recently.

A client of the Sunset Empire was sniped because of his stock, so he urgently requested the transfer of 10 billion hegemonic currency funds.

To be fair, it's only 10 billion Hegemony coins, which is the funds of Bode's two entry-level customers.

What the client didn't expect was that what was waiting was not funds, but the revelation of a scam.

This 10 billion hegemonic currency was the last straw that broke Bode's back.

Bode confessed to his two sons: "I have nothing now, and I have lost at least 400 billion in Hegemony currency."

And his two sons also chose to report the incident to Bode under the instruction of Bode to ensure the safety of their property.

The largest financial fraud in history also surfaced.

It turns out that Bode didn’t invest investors’ money at all. He just played a trick of “tear down the east wall and mend the west wall”:

Treat new investors’ money as interest from old investors.

In other words, the so-called investment projects are all made up, and Bode just used his industry status and connections to carefully design a huge "Ponzi scheme":

Hedge funds were used to attract huge amounts of money from financial institutions, individual investors, senior bankers, and wealthy celebrities by promising high yields of 20% to 30%, using fictitious investment projects as bait.

In the end, Bode developed this scam into a pyramid structure, pulling people's heads to get commissions, then demolishing the east wall to make up for the west wall, and using the funds of late entrants to pay to early entrants.

The end result of beating the drum and spreading flowers is a collapse, and most people lose their money.

After thinking about this, Chen Mo asked: "What is the rate of return of this p2c?"

"More than 30 points a year, regardless of bull market or bear market." Ren Hedao.

Chen Mo sighed and shook his head: "Mr. Ren, listen to my advice, don't touch this business, stop it."

Ren He frowned and said, "Chen Tianwang, is there anything wrong with this business?"

Chen Mo said straightforwardly: "Let me tell you this, even I will never dare to promise that I can give you a 30% return rate in a year regardless of the bull market or the bear market."

"30% a year, what about ten years? That's more than ten times the income!!!"

"Even if you invest 10 billion and sit still, the value will rise to more than 100 billion in ten years. Is this possible?"

"This..." Ren He felt that it was inappropriate when he heard this.

But Ren Shu was unconvinced and retorted directly:

"This p2c investment is the latest financial product launched by the famous Mr. Bird McDowell based on the concept of hedge funds and the Internet!!!"

"Does Bode McDolf know? He is the former chairman of Nadak, and he created the Nadak trading system by himself!"

"If you can't do it, how do you know that others can't do it?"

This investment quota was obtained by Ren Shu through hard work and through connections! ! !

You know, how many top wealthy people in the world want Bode to help them manage their finances, but they can't get it!

Although Chen Mo is a king, he is still far behind Bode McDowell! ! !

"Why are you talking to King Chen Tian?" Ren He scolded.

Then, Ren He smiled at Chen Mo and said: "Chen Tianwang, don't mind, my son is a bit more straightforward. However, I heard that Mr. Bode McDowell's investment is quite reliable!"

"Many financial institutions, banks and even the royal family from the Sunset Empire, Lanxi Empire, and Hegemony have invested in him. In the past 20 years, they have not lost a penny of interest."

Chen Mo nodded.

It is such a scam with obvious loopholes, but Bode has miraculously maintained it for more than 20 years and developed into the largest Ponzi scheme in the history of the hegemony.

More importantly, the people he deceived were the richest and smartest people in the world:

Rich and famous people, financial institutions, senior bankers, the royal family...

It can only be said that Bode's deception is too superb.

Chen Mo summarized Bode's four tricks: 1. Use high-end venues to build a network of contacts; 2. Create a reputation that "investment will make money"; 3. Develop "pyramid downlines" to attract high commissions; 4. Stability Reasonable rate of return.

Through these four tricks, coupled with his many years of industry reputation, it is easy to defraud the trust of the rich!

Chen Mo simply told the truth: "I think this p2c investment is not only inappropriate, but more like a Ponzi scheme!"

As soon as the word was spoken, it was like a huge stone falling into the sea, causing thousands of waves!