chapter 16
16. Revenue
“Suho. It’s not what my mother meant to do… I can explain everything.”
What is the description? She didn’t want to hear, so she asked to be quiet.
Actually, it wasn’t the first time my mother had hit her in the back of the head.
10 Years ago, around the time she stopped playing golf.
When I first expressed my will to quit exercising, her mother unexpectedly meekly nodded her head, saying, “Okay.”
At that time, I was openly pushed to the limit. Mom must have felt it too.
There were times when he was forced to take free golf lessons because of his mother, the pressure of having to maintain his grades while being overworked, and even turning a blind eye to a player’s rule violation by not reporting it (of course, at the insistence of his mother).
It’s not my fault, but it was disgusting. At that time, I was just happy that I was allowed to get away from golf.
My mom said, “If I stop exercising, your dad will be very disappointed. I’ll take care of it myself,” She said, to the point of feeling grateful. Because I didn’t like seeing my dad, who was in charge of my golf support, fall into despair.
So I trusted him and left it to him, but a few days later my dad called me out with an angry face.
“I heard you said you couldn’t stand it because you were tired of golf? I hate exercising for ten hours a day, and I hate getting blisters on my hands… ? Suho Lee, if you hated golf so much, you should have told me before wasting 10 years!”
“Your mother said she would increase your field experience, huh? You took me to the police golf course for free while putting up with the eyes of the people around you. I accepted the risk of hurting my reputation and pushed him, but coming out like this is a betrayal.”
“… If you want to quit, quit. Let’s beat them all But just know this. That the money that went into you is over 1 billion.”
The reason why I quit golf was all my responsibility. The 150 volunteer services I gave free field lessons to police ladies while visiting two golf courses owned by the National Police Agency were also covered by my mother’s dedication.
‘No, my mother must have cheated on her father from the start. She didn’t want to reveal that she forced an 18-year-old to work for free.’
It was a plausible lie. It is true that the majority of aspiring professional golfers struggle with lack of green experience.
I was a promising youngster, so I didn’t have any of that, but my dad seemed to believe in my mother’s excuses more than my talent. Or did you want to believe
How could a mother, the head of the family, treat her child that way?
I was really dumbfounded, but I couldn’t tell my father the truth. If the truth was found out, it seemed like the two of them would divorce right away. I was in a situation where I needed the support of my parents to change my career belatedly after quitting sports.
Because of that, my dad still hasn’t resolved his regrets about me. Even when we met from time to time, he would look at me with resentful eyes.
At that time, I didn’t know that the day I would be betrayed by my parents would come again.
I assumed that even if they didn’t help me, they wouldn’t actively hinder me. I didn’t believe it because I was naive, but I lived at a distance that much.
But somehow I seemed to have greatly underestimated her mother. I never thought you’d hit me in the back like this.
This betrayal hurt more than 10 years ago.
Short selling.
That is also short selling of Manacoin.
She received inside information from Kwon Ye-sol’s aide (lawyer) who drove millions of investors to ruin, and took a huge amount of money by short selling without even giving a second thought to me. Was
‘If the amount is small, he won’t talk.’
But how much money did her mother make through short selling her mana coins?
“30 Billion?”
“Yes. Gift through the fund… No, I’ll make it brief, so start with your expression. The money falling to me will be slightly more than 30 billion.”
Over 30 billion. It was an unrealistic amount.
You could say I’m timid about the subject I’ve worked for in the National Assembly. When I was working as a secretary for Congresswoman Hyeri Na, she even assisted in the review of the 14 trillion supplementary budget plan.
However, the government budget and the money in the hands of individuals had a different feel.
What if the fact that the parents of an incumbent high-ranking police officer and member of the National Assembly made that much money from short selling made a big splash in the news?
‘The country will turn upside down. Of course.’
It wasn’t that people all despised the main character of Get Rich. In the midst of a crash, there are cases where people who show their wits and hit the jackpot are envied or even sucked up.
But if it’s a jackpot using insider information, maybe the Mana Coin investors will try to tear her mother alive. It’s a bonus that I’m also suspicious.
I struggled to open my mouth even in the midst of my irritation. The first thing was to figure out how this bizarre thing happened.
“Tell me about the source of the investment. Where did you get the money from?”
“Nothing was copied. The investment itself is me and your dad’s money. It was all property.”
“But, what?”
“We used leverage. 30 Times.”
“… ….”
Leverage. A method of maximizing return on investment by collateralizing equity capital. If it is 30 times, it can be said that a 30 times leverage effect really occurs.
If you honestly sell short with only your own money, the rate of return is unexpectedly not great, but you can drastically increase your investment efficiency through leverage.
But, no matter how much, 30 times. Isn’t this a bit harsh?
“Is that level of leverage allowed for an individual? There is no such exchange.”
“… It was through a cryptocurrency-specialized fund. If you look for it, there will always be a way.”
It was at this moment that she felt how certain her mother was about the collapse of mana. Because of this, it was obvious that it would become a topic of discussion in the media.
“Rep. Suho Lee, if this fact is revealed.”
The face of Shin A-ram, who is openly blunt, was stained with absurdity before he knew it.
“I know even if I don’t have to say it. If this is revealed, both I and my mother will be put in a position where we have to worry about personal threats.”
“You may be pressured by the party to resign.”
“That’s basic. It must have been a trap targeting me from the beginning.”
It may not be as good as Kwon Ye-Sol, who has risen to the top as a world-class superstar, but won’t our hat take the overwhelming second place? There was even a possibility that all of my actions related to Mana Coin would become meaningless and that I would be accused of being Kwon Ye-sol’s accomplice.
At this point, I couldn’t even laugh out loud.
*
If she could offer her mother as her sacrifice and let me survive, I would be happy to do so.
But now, just abandoning my mother could not guarantee my safety.
“Suho. I’m also thinking about how to resign so I don’t burden you. At least if you do….”
“I can’t get out that much. Will you leave the prosecution alone?”
“I didn’t do anything to get caught in the Capital Markets Act. It’s a coin, not a stock.”
“What is the Capital Markets Act? … It’s not a matter of law. The prosecution, pushed by public opinion, will do anything to arrest her mother. After that, she’s going to rob me of everything and prosecute me somehow. If you think about what you’ve done so far, it’s obvious that all sorts of suspicions will be uncovered.”
“… ….”
“In the meantime, I should have been called in a couple of times as a reference… It’s a matter of seconds to get involved with your mother and be treated as a criminal. Do you know?”
“… Okay. Perhaps within 3-4 weeks, something like a joint financial crime investigation team will be launched with the Southern District Prosecutor’s Office as the head. Kwon Ye-sol must be the first target of investigation, but the next target will be those who participated in short selling.”
As expected, he gave an estimate right away, probably because he had time.
However, there was no elasticity. I mean, she knew things could go wrong, but her mother played so risky.
Of course, the mother herself would not have known that her situation would grow to this extent, but she said that would make a difference…
‘No, wait.’
In the midst of this, there was a question that came to mind.
“Mother. This short sale. In the end, it was committed with the inside information that Kwon Ye-sol’s aide handed over. Could it be that the leverage was also suggested by that person?”
“… What the friend suggested was a way to eat only about three times the original amount and lose it. I didn’t respond because something was suspicious and I just evaded it.”
“So what?”
“After looking into it separately, I thought it would be okay to invest boldly, so I bet on my own.”
“How did you find out?”
“I have connections. I have never invested in coins myself, but I have experience working in related departments when I was at the Seoul Metropolitan Government.”
Utilizing that experience and personal connections, it is said that Kwon Ye-sol’s aides played much more boldly than recommended.
Other than her mother, other public officials – former members of the National Assembly, former deputy chief prosecutors, etc. – Were old and did not know much about virtual assets, so they invested in the way Kwon Ye-sol’s aides recommended. But she only played fancy with her mother.
“It means that you invested independently, not at the level of receiving a bowl of rice to feed you.”
“… Don’t be sarcastic.”
Her mother even said that she made preparations to hide the fact of her short selling.
A plan to cash in profits by avoiding the public official property registration season, and to quietly retire after seeing the atmosphere.
After that, he must have tried to spend a happy old age with a large amount of money in his hands. While traveling abroad with her dad.
“… I thought it was a good plan. It’s all meaningless now.”
Her mother gently closed her eyes and let out a sigh.
I didn’t feel any sympathy at all. Anyway, it is true that the mother received her inside information, and it is also true that she made a huge profit by betting on a bolder game than others. She’s like a corrupt official helping herself.
But, after all, isn’t there a law telling you to die?
Thanks to her mother’s bold investment behavior, her breakthrough is starting to appear before her eyes.
A method that not only protects my political life, but also feeds the people who set up this trap if it goes well.
However, I needed my mother’s determination to develop as I wanted.
“Are you Suho?”
“Listen to me first. I am willing to take the minimum measures so that my mother can live without worrying about being harmed by Manacoin investors. You will have to pay the price for what you did…. Instead, you have to give up the 30 billion won, the profits you earned from short selling.”
I had to vomit the money first. Because that 30 billion is the core of my plan.
“What if I refuse?”
“It’s over. There are no other options.”
I meant it from the bottom of my heart. I did not forget to explain that if I refused my offer, I would lose my money, career and even my family. Now was not the time to be seen as a parent.