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Chapter 126 Westeros Combination

At noon, Jonathan Friedman, Pat Kingsley and others arrived in New York one after another, and everyone began to work together to discuss how to deal with the current situation.

Although Simon's operation of closely following the S&P 500 index curve for more than five months was a fantasy, there was no violation of regulations from beginning to end. James Raybould judged that it was precisely because Simon's trading records were too clear at a glance that they were not consistent at all.

There were loopholes that could be checked, so several major organizations used eavesdropping methods and disclosed the Westeros Company's transaction information to the media, thereby forcing Simon to take the initiative to reveal the loopholes.

In this era, the annual budget of the Federal Securities and Exchange Commission (SEC) is only $100 million.

A huge sum of US$1.6 billion, which is enough to put a person into the top 100 of Forbes' list of the world's richest people, is completely worth all the means used by the big names.

For a young man like Simon who has almost no background, if it can be proven that there are irregularities in the Westeros company's transactions, the authorities will definitely issue a huge bill without hesitation, and Simon may end up losing his original principal.

None will be left.

Simon and Janet booked the presidential suite at the Plaza Hotel after arriving in New York at the end of October. It is difficult to determine when the eavesdropper was installed. However, there are no illegal operations in the operation of the Westeros company. The eavesdropper

Naturally, it is impossible to get the information they want.

At four o'clock in the afternoon, in order to avoid losing control of public opinion due to avoiding the media, Pat Kingsley, as the spokesperson, held a simple press conference on behalf of Simon to formally confirm a series of operations of the Westeros Company in the stock index futures market.

It also denied media rumors that Simon was under investigation for suspected insider trading.

A high-profile talented Hollywood director suddenly became a billionaire. With such explosive news, a simple press conference was naturally unlikely to satisfy the media's appetite.

Subsequently, the number of reporters gathered outside Simon's Upper East Side apartment not only did not decrease, but increased in number, even affecting the traffic on Fifth Avenue. Countless interview invitations were also delivered to Simon through various channels.

At the same time, the North American stock market also gave the most direct response to the revelations from the New York Times and other media today. In just one day, a brand new phrase spread rapidly among countless stock market investors: Westeros

combination.

The stock market crash has passed. No matter how amazed and envious they are of Simon Westeros' previous operations, it is impossible for people to go back and imitate the operations a few months ago. However, this young man's transactions in the stock market are very easy to follow.

Although it is unclear why Simon Westeros bought a large number of technology stocks, for a young man who had just made more than one billion US dollars in the stock index futures market, the other party's buying operation must be more valuable than anyone else.

Stock broker recommendations are 100 times higher.

The Wall Street Journal detailed a total of 26 technology stock portfolios purchased by Westeros Corporation.

According to the exposure data, Simon Westeros’ buying size is also very interesting.

26 stocks, ranging from Motorola, which still has a market value of more than 5 billion US dollars after the stock market crash, to Silicon Graphics (SG), a high-performance graphics workstation production company with a market value of less than 200 million US dollars, which was just listed last year, and Apple in the middle.

After a series of large-scale purchases of a series of star technology stocks such as Intel, Microsoft, and SUN, Westeros Corporation has maintained its shareholding ratio in these companies at a very subtle 4.9%.

According to the regulations of the Federal Securities and Exchange Commission, investors are required to report if they hold 5% of a company's stock, and subsequent buying and selling operations will also be subject to strict supervision.

4.9%, just below the SEC’s filing requirements.

Wall Street analysts also judged that Simon Westeros did not intend to hold these stocks for a long time. Since it was a short-term operation, there was no need for any hesitation in following up. Therefore, in just one day, Westeros Company held

The trading volume of some 26 stocks has surged several times compared to the past.

After the afternoon close, these stocks rose by an average of more than 20%, and some of them even returned to the highest point before the stock market crash.

Simon's purchase of these stocks was meant to be a bargain at the lowest point of the week of the stock market crash. The value of these stocks had already risen by about 15% in the previous weeks as the technology stock market was stimulated by the large purchases of Westeros companies.

Now.

After today's sharp rise, the book value of the technology stocks held by Westeros Company has reached nearly 1.5 billion U.S. dollars. In less than a month, Simon earned another 400 million U.S. dollars. All the cash of Westeros Company

Adding stocks, the overall asset value has exceeded US$2 billion.

Simon's side.

After repeatedly confirming that Simon's trading operations, the questioning process, and the period of being wiretapped did not involve any inappropriate behavior that might trigger an investigation, everyone began to be busy dealing with the current media situation and discussing the possible investigations that would follow.

It was just as James Raybould expected.

Early the next morning, a spokesperson for the Federal Court of the Southern District of New York publicly stated at a press conference that day that the FBI, the Federal Securities and Exchange Commission, the Federal Commodity Futures Trading Commission and the Office of the Prosecutor of the Southern District of New York were investigating Ray.

Investigate the Mann Brothers' illegal operations that caused huge losses to Quantum Fund.

When a spokesperson took questions from reporters, he confirmed in a not-so-subtle way that the prosecutor's office suspected that the Westeros company might be involved.

Subsequently, a local New York TV station exposed more clear potential accusations. An unnamed government official revealed that the Prosecutor's Office of the Southern District of New York suspected that Westeros Corporation was suspected of conspiring with Lehman Brothers to manipulate the market. On October 22,

On that day, insider manipulation caused the S&P 500 Index to plummet, causing huge losses to investors.

Simon never expected that he would be slapped with such a big label.

If the charges are proven, Simon will not only face a huge fine, but investors who suffered losses due to the sharp drop in the S&P 500 index on the morning of October 22 will have the right to file a lawsuit against him.

On October 22, the S&P 500 index plummeted from 256 points at the previous day's closing price to 197 points. Just for Quantum Fund's 9,000 long contracts, the theoretical additional loss exceeded US$260 million.

The amount of investor losses in the entire Chicago futures market obviously far exceeded that of Quantum Fund.

At that time, faced with numerous investor claims, Simon could declare bankruptcy directly, and the huge debt after losing the lawsuit would be enough to prevent him from turning around in his lifetime.

Simon does have information in his memory that the market plummeted due to the Lehman Brothers sell-off on October 22, so he arranged for the last batch of more than 5,000 short contracts to be sold on that day. However, this incident obviously has nothing to do with Simon.

, it was entirely an internal mistake of Lehman Brothers.

Pat Kingsley immediately came forward to deny the accusation that Simon was involved in this incident, but related arguments inevitably spread.

After Simon was questioned by the Federal Futures Trading Commission on Monday, the following Friday, the Federal Securities and Exchange Commission also questioned Simon. This time, it was the Rayboulds who accompanied Simon to meet with SEC staff and once again answered a series of questions.

Questions about Westeros Company stock trading.

Inside an apartment on 68th Street on the Upper East Side.

The time is already November 16th, Monday.

Last night, the first snow of this winter finally fell in New York. "When Harry Met Sally" is nearing completion, and the crew has been looking forward to snow in New York so that they can shoot some scenes in the film. This snow fell.

Just right.

When he woke up in the morning, looking at the vast white Central Park outside the window, Simon inexplicably thought of "A Dream of Red Mansions". After eight o'clock, Jonathan and others rushed from their residence.

The Federal Court of the Southern District of New York and other institutions have not officially launched an attack, but the previous week has not been easy for everyone.

In order to prevent Simon from being directly convicted by the raging media without even being formally charged, everyone has been busy with media public relations work recently, constantly clarifying and rebutting and even submitting legal letters to some newspapers. At the same time, they also contacted other media to publish various

Press releases that benefit one's side to protect Simon's personal reputation.

Simon doesn't really care about reputation. But like many things in life, you can't care about it, but you have to protect it.

If he is forcibly labeled as a 'financial criminal' by the media like Michael Jackson, who was identified as a pedophile, Simon may be negatively buffed no matter what he does in the future.

Everyone was sitting in the living room where a large conference table was directly placed. They were analyzing yesterday's public opinion trends around a pile of newspapers, magazines, faxes and even videotapes. Jennifer Raybould, who was in charge of answering the phone, suddenly handed over the microphone.

Gave it to Simon and said it was Noah Scott calling.

After the incident broke out last week, at the suggestion of James Raybould, Simon did not take the initiative to contact Lehman Brothers, and there was also no communication with Simon. At this time, he heard Noah Scott calling.

, everyone showed some strange looks on their faces.

Noah Scott claimed on the phone that he was nearby and hoped to come and visit, and Simon agreed to come down.

A few minutes later.

Noah Scott rushed over, just greeted everyone briefly, and then whispered with a serious expression, hoping to talk to Simon alone. Under everyone's gaze, Simon came to the side with Noah Scott.

A living room that was still empty.

The two of them stood by the living room window. Noah Scott raised his hand to wipe the condensation on the glass, looked at the snowflakes floating outside the window and Central Park in the distance, and said: "It's a very nice house."

Simon looked at the blurry glass window in front of him, but did not reach out to wipe it. He nodded: "Yes, it's a pity that I haven't had time to decorate it yet."

Noah Scott paused for a moment. He couldn't find another suitable topic for conversation, so he said directly: "Simon, I have to confess to you that the recent situation is very bad."
Chapter completed!
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