My American magical life
Chapter 862 - 862 51 The Wind Rises at Nanhua 4

862: Chapter 51: The Wind Rises at Nanhua 4 862: Chapter 51: The Wind Rises at Nanhua 4 “Geweil, how much money do we have left?”

On the way back to San Francisco from Santa Ana, Niusen, the auditing sage, sitting in a specially reinforced bulletproof vehicle, suddenly asked a question that terrified Geweil.

He was going to audit the accounts!

“Money…”

Geweil, of course, knew what Niusen was asking about.

His cheeks trembling uneasily, he looked at his own brother.

Niusen wore a slim-fit blue suit with a light blue tie, looking incredibly sharp and polished as if he was a Great Commander candidate fresh off a campaign trail.

No, not as if – Niusen’s demeanor and qualifications were entirely sufficient for running for the Great Commander of America.

Indeed, today’s trip to Orange in San Rodolfo by Niusen was to attend a Democratic Party gathering of Orange County, routine business for his management of the California Democratic Party.

If all went well, in 2024 or 2028, Niusen might very well stand on the debate stage competing for the ultimate power of the Empire.

Yet such a man was now caught in a terrible financial crisis.

“Our investment in BEC…”

Geweil subconsciously sought to make excuses for himself, but seeing Niusen’s impatient look, he could only tremble and answer.

“BEC has indeed fallen below the ICO price, but this isn’t something to be scared of.

If we just wait a bit, everything will get better….

Right!

We can join up with other investors and pressure them!

This terrible trend is different from what was agreed upon at the start, it’s fraud, we have a reason to apply pressure!”

Niusen was taken aback by these words, and then with a touch of hysteria, he loudly questioned.

“Is this your solution?”

After Geweil laid it out, he was completely broken down.

To be robbed of a sum of money and to try to claw it back by pressuring…

it might sound like a solution, but it was impractical.

Niusen was no ordinary man, but his ‘friends’ were far from saints!

Ordinary robbers hit jewel stores, more daring ones rob bank vaults, ineffable robbers loot the whole world through unfair financial systems, and only the most imaginative robbers would dare rob politicians!

“Brother, BEC isn’t worthless.

Jia traveled the world to ensure the ICO went smoothly.

We have many extremely experienced and patient partners; they are our allies.

Now that the price has broken, we just need to wait.

Chan, Wolf, and Temir and the others won’t just sit by idly—they won’t become our enemies, nor will they watch their assets shrink so generously.”

Niusen desperately tore off his tie, hating Geweil’s ignorant and irritating chatter.

“First give me a specific number.

How much is the total loss so far?”

Noticing that he had infuriated his own brother to the verge of tearing apart his tie, Geweil spoke in a trembling voice.

“290 million, but this is just a paper loss.

As long as we don’t get margin-called, this money will all come back.”

Niusen closed his eyes in despair.

As his losses broke through 210 million dollars, instead of cutting his losses, Cheng Daqi kept slowly increasing the stakes, continuing to cut into Niusen’s flesh with a blunt knife.

Yes, the money Cheng put into BEC was Lao Jia’s—he wasn’t too concerned about short-term numbers on paper.

Gru paid with risk cost, Eris had no say, and neither did Temir or Wolf care whether Cheng Daqi’s operations failed—they knew Cheng’s caliber well.

Thus, poor Mr.

Governor became the only one tortured in the game as the sucker.

After all, other investors weren’t as delusional as Geweil, leveraged three times outside the market and still daring to leverage inside; as much fun as they had making money, now it was as excruciatingly painful when tortured.

Niusen raised his hand, and then let it fall weakly again.

A big nose might release emotions, but it couldn’t solve problems.

Geweil let out a sigh of relief, then immediately, he heard his brother contacting the chief financial officer.

The involvement with BEC was in a grey area within a grey area, and Niusen had always been cautious, never revealing anything to anyone inconsequential.

But now, with Cheng Daqi continuously cutting into him, Niusen just couldn’t hold it together.

Niusen could even accept that his investments had never been successful, but he could not accept being kicked down from the peak bit by bit after having already made a fortune, powerless to do anything.

The ICO terms of BEC clearly stipulated that everyone could sell as they pleased after breaking below the offering price; it was actually an opportunity to exit, but Niusen had too much leverage on his money.

Geweil’s advice was to hold on desperately, but since he dragged himself into this quagmire, so Niusen now regarded him as an insider threat.

At the Governor’s mansion, Mr.

Niusen met his old friend, financial advisor, and also brother from his college fraternity.

The relationship between the two was very close—his friend’s daughter even entered Stanford with a recommendation letter from Niusen.

“…I now have to consider a graceful exit.

My idea is, could we start from the regulatory aspect and get the controllers of BEC or LCE arrested?”

“The regulation in Cryptocurrency is weak, they don’t even have to pay taxes to the National Tax Bureau, you shouldn’t have touched this, it’s not something you can play with.”

The financial advisor’s words sent a chill through Niusen.

To be involved in financial affairs in America but not pay taxes…

how deep must the waters be behind this!

“So what should I do now?”

“Buddy, sunk cost isn’t a cost and should not influence your decision-making; it’s just that your sunk cost is too terrifying—290 million dollars…

I remember BEC’s ICO fundraising only pulled in a billion, right?”