Chapter 50

Chapter 50: Dark Wall Street

2000,

August 25.

Woolworth Building, Smith Capital.

David Mellon learned that Abel wanted to move the company to Queens.

David Mellon doesn't understand this, but he can accept it.

Overall, Queens is not as safe as Manhattan. But it's also a lot better than Brooklyn.

At the same time, Queens is very large, and the area where "Spider-Man" is located is considered a civilian area with poor public safety.

In the comics, Spider-Man needs to show a lot of chivalry.

But where the mall is located, public order is much better on the Hudson side, near Manhattan.

The headquarters of many large and famous companies are also located here. Examples: Long Island Bank, General Electric Corporation.

There are also fashion brand Bulova, beverage company Glacéau, general airline JetBlue, piano brand SteinwayandSon, etc.

"America Express helped me choose two locations."

In the office, Abel looked at David and said: "One is the Kaufman building, with an area of ​​about nine thousand square meters, you can rent a maximum of three floors.

"Another option, not far from the Kaufman building.

It is a four-story building with 10,000 square feet of space and underground parking. "

"Guess where I chose?

"Kaufman Building?" "You like high places," David said. »

"Fake. I bought a four-story building.

Abel shrugged, smiled and said: "So, you don't have to be neighbors with others."

David was curious: "Buy? How much will it cost?

"It used to be a supermarket, once purchased it will cost about $10 million. It will be renovated and redeveloped."

"The price is 120 million USD, too cheap."

120 million, very cheap?

David doesn't know what "Versailles" means, but he's in the mood right now.

But it's okay, just change the desktop location. The workplace doesn't work, as long as it's not far from Wall Street.

He picked up a newspaper and waved it in his hand.

"Hey ~ Latest issue of the New York Post.

Murdoch, this guy, posted all about him buying a house on Long Island for $60 million. "

Abel took and read the above report. Not in the first edition but in the later third edition, or in the title of the third edition.

The title of the report is "The Wolf of Wall Street's $60 Million House."

The content and style of reporting, as always, are consistent with the tone of the New York Post.

It's like using exaggerated expressions and language, which is the idiom they use to attract readers.

Looking at the content and text inside, Abel frowned. "That kind of title, that kind of text description." "I don't like it," he said.

"It's good to know," David said. Most readers will definitely feel jealous after reading this type of report.

Abel looked up at David Mellon, "Do you want to tell me anything?"

The latter nodded and said in a deep voice: "I received the wind. Someone is investigating us.

This is the advantage of finding a second generation of senior people, also Wall Street elites, to come as his deputy.

Otherwise, I wouldn't have been able to know these things in advance with my obscure Wall Street acquaintances.

Abel asked in a low voice: "Why investigate us?"

David shrugged: "They said our transaction was too "fine".

"Good like that?" Abel was a bit confused. "Mostly because of you." "Dear BOSS, your investment and trading choices are almost never missed," said David Mellon.

It can be said that he is too smart.

Even Peter Lynch and Buffett can't do that. "

"Was that a mistake too?"

"Of course." "It wasn't me," David Mellon said with a laugh.

I haven't followed you and witnessed your boss's performance with my own eyes. Of course they don't believe it. "

"So these guys suspect me?" Abel said.

"Bingo. Got it," David said.

Abel thought for a moment and came up with an inference: "For this reason, these people have not come to the door until now?" It's been five days. »

"Probably yes." "These old guys, their news channels are more sensitive," David said.

They were so greedy, logically speaking they should have come here the next day. "

"But no one has come all the way here. There is a high possibility that they were also hit by the wind."

They both came here to talk about the Hilton family party a few days ago.

Charlie Scharf and the Wall Street giants. At this party, Abel made it clear to them.

Smith Capital will then conduct the first private placement.

At that time, these people were very interested.

Everyone said they would come to negotiate right away.

But it's been so long, it's been five days. None of these people have come so far.

That's an amazing thing on Wall Street.

Usually, these capital hyenas would appear at their doorstep early the next morning, reeking of money.

"Alright."

Abel nodded and said, "So, do you doubt me? Dear David.

"Do you doubt that?"

"Hahaha~" David Mellon laughed: "What do you doubt your boss about? Insider trading, market manipulation? Illegal trade?

"Putting all this aside, I was involved in the whole process and I know everything."

"Even if you really wanted to engage in insider trading, you, the son of a Texas farmer, don't have those resources."

"It's quite similar to me.

But not as successful as you.

Insider trading cannot reach your level of success. "

"These guys." David took the "New York Post" in Abel's hand and pointed out the above report:

"They were just jealous and doubted your success so they did something."

Watching his actions, Abel recalls the newspaper report. Abel suddenly said: "Perhaps this report is a harbinger of an attack?"

"Likely." David was taken aback for a moment. After realizing it, he thought for a moment and then said.

"Then let them come." » Abel said solemnly.

I've been wary of this kind of thing for a long time.

Wall Street doesn't mean you can really get a foothold if you have great financial skills and excellent business talent.

The darkness here is a hundred times darker than the entertainment industry. The only thing that could be darker here is probably the political circle.

He came here to start and all his financial dealings were very honest.

They have all passed through major banks and have records to check.

Even the income generated after investment, this income is not stingy in terms of taxes.

To put it bluntly, he has paid taxes on financial profits over the past ten months. Probably pay more than giants like Goldman Sachs and Merrill Lynch.

That doesn't mean he makes more money than those giants.

It's just that he protects himself from being spoiled by others, he does not choose to avoid taxes and pay taxes as legally as possible.

On the other hand, all Wall Street companies have tried every possible way to avoid taxes.

Most of them are legal, but many have been reported. This will definitely make people very angry.

Earn billions of dollars every year but after a year only have to pay tens of thousands, even hundreds of thousands of dollars in taxes.

Is this reasonable?

Many rich people also pay taxes every year, which is completely inconsistent with their income.

For example, Ah Dang, who has billions and billions in assets, ends up paying hundreds of dollars in taxes every year. Legal tax evasion in the US is completely normal and legal.

But many of these measures are completely unreasonable.

In fact, Abel did not want to do this at all, because paying taxes properly was very painful.

But he knows the darkness of Wall Street, these protection fees.

Even though it was painful, he still submitted it to the IRS, the Federal Internal Revenue Service. In addition, he especially likes to give money.

Unlike these rich people, they appear to have given money but in reality they have given it to their own "charity".

The left pocket goes into the right pocket.

His donation, like his donation to the NYPD.

that's real money. These regular donations and tax payments were all protection fees he paid to prevent today's spectacle.

You are a beginner and want to maintain your independence.

This approach is a desperate choice

(end of this chapter)