American Fortune Life

Chapter 1052: Collapsed Wall Street Idols

In New York, early in the morning, the clouds came, the humidity was thick in the air, and the rain fell.

When the weather is warm, the subway station has a very subtle smell of niao. Even so, breakfast is still being eaten here. At the exit of the subway station, the crowd crowded beneath the shelter, heeled, looking at the water converging between the heavens and the earth. People are noisy, whispering to each other in different languages, mixed with laughter, accompanied by the sound of rain, and the rhythm is plentiful in the chaos.

A pair of black motorcades didn't care if they dumped the accumulation of water on the road on the passers-by, and the wind rushed toward Manhattan Middle-City.

885 Third Avenue is a 34-story red oval granite building that New Yorkers call "the Lipstick Building” because of its cool, lipstick-like shape. A cosmetic-named office building, perhaps the central stage for the biggest financial scam of all time, with dazzling powder obscuring perhaps far less bright realities.

On the 19th floor of the building, employees of Madoff Investment Securities are busy trading the company's "main business” stock, and the 18th floor focuses on the company's computer and administration.

There are also 17 levels, known internally as the "hedge fund layer", from which, for 20 years, accounts under Madoff's name have generated nearly 1% of their earnings on time as clocks, regardless of whether the stock market has risen or fallen.

In fact, what Madoff did on the 17th floor of the mysterious Lipstick Building was to carefully weave and sustain his decades-on-day scam, including forgery of various documents such as tax returns, transaction confirmations, bank transfer certificates, etc. for seemingly fictitious investment and transaction items.

Dozens of people in FBI and OCC blue dark blue uniforms rushed into the lipstick building in the pounding rain as a rush of braking and slamming doors slammed across the lipstick building square.

The staff of the building, staring and panicking, didn't know what was going on, just a well-behaved sidekick to give way to these apathetic agents.

Both elevators were occupied by them, and even a group of people handled the stairwell, even fools knew that something big had happened.

The front desk lady on the 19th floor saw a group of fierce people coming through the door of their company, some panicked to pick up the phone and notify someone, and was callously pressed down by an agent walking forward.

“We are the FBI, please cooperate with our work and leave the location. Thank you. ”

Wow...

A group of people pushed directly through the glass doors of the office, quickly distributing the entire area in the amazement of the staff.

“We are the FBI, so please raise your hands, slowly stand up, leave your positions, and do not make any extra moves... ”

At the same time, the 18th floor was also performing the scene, but instead the 17th floor was in trouble, looking at the closed large iron door of the code lock, one of the agents blocked in the door pressed the headset in his ear, went up and started typing the code as prompted in the headset.

“Knock! ”

“Hoo-hoo...”

The agents blocked in the door rushed into the door in fear, each rushing to the target, controlling everyone, and then a group of agents with suitcases started sitting in front of the computer in the eyes of the frightened employees, collecting and storing all the evidence.

He was in an office full of folders, just like Madoff in the grocery warehouse, looking a little stunned and rushing in, and before he could react, he took control of him and took his laptop away from the agents.

“Mr. Madoff, there is evidence that you are suspected of securities fraud, investment advisor fraud, mail fraud, remittance fraud, three money-laundering offences, providing false evidence, perjuring, providing false reports to the SEC and diverting funds from employee benefit plans... ”

Still stunned, but still calm, Madoff listened to one of the charges reported by the other party, his face completely dimmed, his eyes flashed, listened to the other party explain his power to him, the whole person seemed to be suddenly taken over by decadence, eventually his expression became clear, deep breath of turbidity, the tight string in his heart broke suddenly, seemed like a relief.

The great deception that lasted 20 years culminated in this moment.

Of course, this is just for an old con man named Madoff, but for Wall Street, New York, the United States, and the world, the day of May 23rd is just the beginning of a big play.

When the four FBI men watched Madoff take the exit red building, journalists and cameramen who had been waiting long before the door came up immediately, and the roadside live car had the AMC cable news station logo...

This morning with the heavy rain, all over New York, the American people stared at each other like they had been pressed the pause key, watching AMC Cable News live with Madoff being taken away by the FBI, and the host of the show hall was so excited that he wanted to beat the blood out of the chicken that he started introducing everyone to this shocking 20 year old Mac scam.

Nobody thinks about where AMC Cable News came from at this moment, because everyone was shocked by the news, and some millionaires who put their money in Madoff were more disillusioned, some older rich people fainted directly on the ground, and many more panicked to pick up the phone and call Madoff.

The Wall Street statue collapsed, causing a tremendous earthquake on Wall Street, and shocked the entire United States, the world.

AMC Cable News' Ace hosted the file in his hand and began a speech on chicken blood hysteria...

“Perhaps it was Heaven who suspected that Wall Street was causing enough trouble and sent it to" Madoff's Scam "as if it were on fire.

Funny thing is, Madoff's English coincides with Mad plus Off.

Now the whole of Wall Street is a mess, the investors are almost insane, Madoff is finished...

But questions like the tide have only just begun, why can Madoff create such a shocking case on his own?

Why can't an investment agency with top financial experts recognize such an ancient scam?

What's the U.S. regulator doing to keep him out of sight for 20 years?

The impact of the Madoff case on the economic crisis is geometric? Won't it crash America's financial markets...

Let's see, more than forty agencies around the world tread on lightning... HSBC became the largest affected household... Europe's top banks are boarding thieves... Four French banks were victimized... Sovereign wealth funds may also be pledged... Foot basin, stick financial giant dragged into the water... Victims could be up to three million... ”

“Boom!”

“FXXK! You bastard!” Paulson's face was blue, his teething angry slapping table was bitten, and he was a little pissed off when he watched the host of the victim's bank and business list lighted generously on TV.

Hamilton beside him can only smile bitterly and naturally knows who the bastard is in the mouth of the chief financial officer, besides Andy Smith!

“The Dow Jones index fell 4.60%, possibly the biggest drop in U.S. stock history today... As a result, the stock prices of the banks and businesses that are named will plummet, and he's handing us the gun, and then he's following us a little bit, and we have to do it, and there's nothing to say... ”