MTL - America’s Road To Wealth-Chapter 50 dark wall street
Chapter 50 Dark Wall Street
2000,
August 25.
Woolworth Building, Smith Capital.
David Mellon already knew that Abel wanted to relocate 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 is also much better than Brooklyn.
At the same time, Queens is very large, and the area where "Spiderman" is located is considered a civilian area with poor public security.
In the comics, Spider-Man is needed to do a lot of chivalry.
But where the commercial hub is located, the law and order on the side of the Hudson River near Manhattan is much better.
The headquarters of many well-known large companies are also set up here.
Examples: Long Island Bank, General Electric Group.
There are also fashion brand Bulova, beverage company Glacéau, general air company JetBlue, piano brand Steinway&Son and so on.
"America Express helped me choose two places."
In the office, Abel looked at David and said, "One is the Kaufman Building, with a floor area of about 9,000 square feet, and you can rent up to three floors."
"Another option, not far from the Kaufman Building.
It is a four-storey building with an area of 10,000 square feet and an underground parking lot. "
"Guess where I chose?"
"Kaufman Building?" David said, "You like tall places."
"Wrong. I bought the four-story building."
Abel shrugged and said with a smile: "This way you don't have to be neighbors with others."
David was curious: "Buy? How much will it cost?"
"It used to be a supermarket, and it will cost about 10 million U.S. dollars after buying it. It will be renovated and refurbished."
"The price is $120 million, which is cheap."
120 million, very cheap?
David doesn't know what "Versailles" means, but he's in the mood right now.
But this is not a big deal, just change the office location.
Where to work is not work, as long as it is not far from Wall Street.
He picked up a newspaper and waved it in his hand.
"Hey~ The latest issue of the New York Post.
Murdoch, this guy, published everything about you buying a house in Long Island for $60 million. "
Abel took it and read the report above.
Not in the first edition, but in the third edition later, or the headline of the third edition.
The title of the report is "The Wolf of Wall Street's 60 Million Mansion".
The content and reporting style, as always, are in line with the tone of the New York Post.
That is like using rendering and exaggerated language, which is the idiomatic way they use to attract readers.
Looking at the content and text inside, Abel frowned.
"This kind of title, this kind of text description." He said: "I don't like it."
David said: "It's good for you to know. Most readers will definitely feel jealous after reading this kind of report."
Abel looked up and looked at David Mellon, "Do you want to say something to me?"
The latter nodded and said in a low voice: "I have received some wind. Someone is investigating us."
This is the benefit of finding a top second generation, who is also a Wall Street elite, to come and act as his deputy.
Otherwise, it would be impossible to know these things in advance with my dark contacts on Wall Street.
Abel asked in a deep voice: "Why investigate us?"
David shrugged: "It is said that our transaction is too "fine"."
"Too "fine"?" Abel was puzzled.
"It's mainly you." David Mellon said: "Dear BOSS, your investment and trading choices are almost never missed.
It can be said that he is too shrewd.
Even Peter Lynch and Buffett couldn't do it. "
"This is also a mistake?"
"Of course." David Mellon said with a smile: "They are not me.
I didn't follow you, and I didn't see 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 while, and he made inferences: "It is precisely because of this reason that those people have not come to the door until now? It has been five days."
"Probably yes." David said: "These old guys, their news channels are more sensitive.
They are so greedy, logically speaking, they should come here the next day. "
"But no one has come so far. Then there is a high probability that they have also received wind."
The two of them are here, talking about the Hilton family's banquet a few days ago.
Charlie Scharf and those Wall Street giants thing.
At that banquet, Abel made it clear to them.
Next, Smith Capital will conduct its first private placement.
At that time, these people were very interested.
All said that they will come to negotiate soon afterwards.
But it has been so long, it has been five days.
None of these people have come so far.
This is an incredible thing on Wall Street.
Normally speaking, these capital hyenas would come to their door early the next morning smelling of money.
"Ok."
Abel nodded and said, "Then do you doubt me? Dear David."
"Doubt you?"
"Hahaha~" David Mellon laughed loudly, "What do you doubt about your boss? Insider trading, market manipulation? Illegal trading?"
"Leaving aside these things, I participated in the whole process and know everything."
"Even if you really want to engage in insider trading, you, the son of a farmer from Texas, don't have such resources."
"It's about the same for me.
But not as successful as you.
Insider trading cannot reach your level of success. "
"Those guys." David took the "New York Post" in Abel's hand, and pointed to the report above—
“They were just jealous and doubting your success, so they did something about it.”
Following his movements, Abel saw the report in the newspaper again.
Abel suddenly said: "Maybe this report is the clarion call for an attack?"
"It's very likely." David was stunned for a while, and after he realized it, he thought for a while and said.
"Then let them come." Abel said grandly.
He has long been wary of such things.
Wall Street does not mean that you can really gain a foothold if you have great financial skills and excellent trading talents.
The darkness here is a hundred times darker than the entertainment industry.
The only thing that could be darker than here is probably the political circle.
He came here to start, and any of his financial transactions are very aboveboard.
All have passed through the major banks, and there are records to check.
Even the income obtained after investment, these incomes are not stingy in terms of taxation.
To put it bluntly, he has paid taxes on financial gains in the past ten months.
Probably pay more than giants such as Goldman Sachs and Merrill Lynch.
This is not to say that he makes more money than these giants.
It’s just that he is guarding against being messed up by others, and he does not choose to avoid taxes, and pays taxes as legally as possible.
In contrast, any company on Wall Street has tried every means to avoid taxes.
Most of these are legal, but many are reported.
It will definitely make the people very angry.
Earn billions of dollars a year, but after a year, only pay tens of thousands or even hundreds of thousands of dollars in taxes.
Is this reasonable?
Many rich people also pay taxes a year, which is completely inconsistent with their income.
For example, Ah Dang, who is worth billions and billions, ended up paying hundreds of dollars in taxes a year.
Legal tax avoidance in the United States is very normal and legal.
But a lot of it is very unreasonable.
Abel actually didn’t want to do this, because paying taxes reasonably is very painful.
But he knows the darkness of Wall Street, these protection fees.
Even if it is a pain in the flesh, he still submits it to the IRS, which is the Federal Internal Revenue Service.
Besides that, he especially likes to donate money.
Unlike those rich people, on the surface they donated money, but actually donated it to their own private "charity" funds.
The left pocket goes into the right pocket.
His donation, like his donation to the NYPD.
is real money.
These donations and normal tax payments are all protection fees he paid to prevent today's scene.
You are fledgling and want to remain independent.
This approach is a choice in desperation
(end of this chapter)
