Chapter 126

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

Although Simon's operation of following the S & P 500 curve for more than five months was fantastic, there was no violation from the beginning to the end. James Leibold judged that it was because Simon's trading record was too clear at a glance and there was no loophole to check that several major institutions used the means of eavesdropping and disclosed the trading information of Westeros to the media, in order to force Simon to take the initiative to reveal his flaws.

In those days, the federal securities and Exchange Commission had a budget of only $100 million a year.

The $1.6 billion that is enough to make a person into the top 100 of the Forbes Global rich list is worth every means of the big companies.

For Simon, a young man with almost no background, if it can be proved that there are irregularities in the transaction of Westeros, the authorities will definitely issue a huge bill without any courtesy, and Simon may not even have the original principal left in the end.

Simon and Janet came to New York at the end of October and packed the presidential suite at the Plaza Hotel. It's hard to know when the bug was installed. However, there is no illegal operation in the operation of westero, so it is impossible for eavesdroppers to get the information they want.

At four o'clock in the afternoon, in order to avoid avoiding the media and leading to out of control of public opinion, pat Kingsley, as a spokesperson, held a simple news conference on behalf of Simon, officially confirmed a series of operations of Westeros in the stock index futures market, and denied the media rumors that Simon was under investigation for suspected insider trading.

The talented Hollywood director who has attracted much attention has suddenly become a millionaire. With such explosive news, a simple press conference can not satisfy the appetite of the media.

Later, the number of reporters gathered outside Simon's upper east side apartment did not decrease, but increased, even affecting the traffic on Fifth Avenue for a time. Countless interviews were sent to Simon through various channels.

At the same time, the North American stock market today also gave the most direct feedback to the New York Times and other media. In just one day, a brand new phrase spread quickly among countless stock market investors: westero portfolio.

The stock market crash is over. No matter how marvelous and envious Simon westero's previous operation is, it is impossible for people to go back to imitating it a few months ago. However, this young man's trading in the stock market is very easy to follow up.

Although it's not clear why Simon westero bought a large number of technology stocks, for a young man who has just made more than one billion dollars in the stock index futures market, the gold content of the other side's buying operation must be 100 times higher than that recommended by any stockbroker.

The Wall Street Journal detailed a total of 26 technology stocks that westero had bought.

According to the exposure, Simon westero's buying scale is also very interesting.

Among the 26 stocks, Motorola, whose market value is still more than US $5 billion after the stock disaster, has just listed last year as a high-performance graphics workstation production company called SG, whose market value is less than US $200 million. Among them are a series of Mingxing technology stocks such as apple, Intel, Microsoft and sun. After a series of large-scale purchases, westero has a strong interest in these enterprises The proportion of shares remained at a very delicate 4.9%.

According to the rules of the federal securities and Exchange Commission, investors holding 5% of a company's shares need to report, and the subsequent buying and selling operations will be strictly regulated.

9%, just below the SEC's reporting requirements.

Wall Street analysts therefore judged that Simon westrow did not intend to hold these stocks for a long time. Since it's a short-term operation, it doesn't need any hesitation to follow up. As a result, in just one day, the trading volume of 26 stocks held by westero company has increased several times compared with the past.

After the afternoon close, the average rise of these stocks was more than 20%, and some of them even returned to the peak before the crash.

Simon's purchase of these stocks was at the lowest point in the week of the stock crash. As westero's large-scale purchase stimulated the technology stock market, the value of these stocks had risen by about 15% in the previous weeks.

Now.

After today's big rise, the book value of technology stocks held by westero company has been close to $1.5 billion, and Simon made another $400 million in less than a month. All the cash and shares of westero have an overall asset value of more than $2 billion.

Simon's side.

After repeatedly confirming that Simon's trading operation, questioning process and no improper behavior that may cause investigation during the period of eavesdropping, people began to deal with the current media situation and discuss the investigation that they might face next.

As James Leibold expected.

Early the next morning, a spokesman for the federal court of the Southern District of New York said at a press conference that the FBI, the federal securities and Exchange Commission, the federal Commodity Futures Trading Commission and the prosecutor's office of the federal court of the Southern District of New York were investigating the massive loss of Quantum Fund caused by the illegal operation of Lehman Brothers.When asked by reporters, the spokesman did not implicitly confirm that the prosecutor's office suspected that westero might be involved.

Subsequently, a local television station in New York exposed more specific potential charges. An anonymous government official disclosed that the prosecutor's office of the Southern District Court of New York suspected that Westeros was suspected of conspiring with Lehman Brothers to manipulate the market. On October 22, through insider operation, the S & P 500 index plummeted, causing huge losses to investors.

Simon never thought that he would be put on such a big hat.

If the accusation is confirmed, Simon will not only face a huge fine, but also have the right to file a claim against investors who suffered losses due to the sharp fall of the S & P 500 index on the morning of October 22.

On October 22, the S & P 500 index plummeted all the way to 197 points from 256 points at the close of the previous day. However, the 9000 long contracts of quantum fund, theoretically, caused an additional loss of more than $260 million.

The losses of investors in the Chicago futures market are obviously far more than quantum funds.

At that time, in the face of numerous investors' claims, Simon can declare bankruptcy directly, and the huge debt after losing the lawsuit is enough to make him never want to turn over in his life.

Simon does have the information in his memory that the market fell sharply due to the sell-off of Lehman Brothers on October 22, so he arranged to sell the last batch of more than 5000 short contracts on that day. However, this incident obviously has nothing to do with Simon, and it is entirely an internal error of Lehman Brothers.

Pat Kingsley denied Simon's accusation of involvement in the incident for the first time. However, the relevant argument inevitably spread.

Simon was questioned by the federal futures and Exchange Commission on Monday, and then by the federal securities and Exchange Commission on Friday. This time, Mr. and Mrs. rebalde accompanied Simon to meet with the SEC staff and answered a series of questions about the stock trading of Westeros.

In the apartment on 68th street, upper east side.

It's Monday, November 16.

Last night, the first snow of this winter finally fell in New York. "When Harry meets Sally" is nearing the end of the season. The crew has been looking forward to the snow in New York so as to shoot some scenes in the film. The snow falls just right.

In the morning, looking out of the window at the vast expanse of Central Park, Simon was inexplicably reminded of "a dream of Red Mansions". After eight o'clock, Jonathan and others came from their homes.

The federal court in the Southern District of New York and other institutions have not yet launched a formal challenge, but the previous week was not easy at all.

In order to prevent Simon from being directly convicted by the turbulent media without any formal accusation, people have been busy with media public relations recently, constantly clarifying and refuting, and even submitting lawyer letters to some newspapers. At the same time, they have contacted other media to publish all kinds of press releases beneficial to their own side, so as to protect Simon's personal reputation.

Simon didn't really care about reputation. But just like a lot of things in life, you can not care, but you have to maintain them.

If, like Michael Jackson, who was identified as a paedophile, he is forced to be labeled as a "financial criminal" by the media, Simon may be put on a layer of negative buff no matter what he does in the future.

People are sitting in the living room with a large conference table. They are analyzing the trend of public opinion yesterday around a pile of newspapers, magazines, faxes and even videotapes. Jennifer Leibold, who is in charge of answering the phone, suddenly hands the microphone to Simon, saying it's Noah Scott.

After the incident broke out last week, Simon didn't take the initiative to contact Lehman Brothers at James Leibold's suggestion, nor did he have any communication with Simon there. Hearing Noah Scott call at this time, people's faces showed some strange looks one after another.

Noah Scott said on the phone that he was nearby and wanted to visit. Simon agreed.

In a few minutes.

Noah Scott came over, just a few words to say hello, and then he looked serious and whispered, hoping to talk to Simon alone. As the crowd watched, Simon took Noah Scott to a sitting room that was still empty.

As they stood by the window of the living room, Noah Scott raised his hand to wipe the condensation from the glass, looked at the snowflakes floating outside the window and the Central Park in the distance, and said, "nice house."

Simon looked at the blurred glass window in front of him, but he didn't wipe it. He nodded: "yes, it's a pity that he hasn't had time to decorate it."

Noah Scott stopped for a moment, didn't find another suitable topic for conversation, and said, "Simon, I have to confess to you that things have been terrible recently."

Simon turned his head and just waited for Noah Scott to go on.