Chapter 288 The Audacious Jack
The total amount of these accounts, including principal and interest, was about $1.5 billion!
Sure, most of these were bad debts, uncollectible accounts, and debts outsourced to Lucas for collection, which were tough to recover.
But that was before, when Lucas was handling these accounts.
His recovery rate was only about 10%.
Now, things were different. The entire underworld of Oceanbridge City was unified, and Jack's crew was everywhere.
So collecting debts was way easier than before.
Anyone who tried to skip town got nabbed by Jack's guys before they even left Oceanbridge City.
Refuse to pay?
Beat 'em up!
Pull out their nails, force-feed them hot sauce, electrocute them, splash them with paint...
Whatever it took to get the money back.
Under Jack's high-pressure collection methods, the recovery rate had already hit 15%.
This extra 5% recovery rate had earned Jack over $10 million. So, Jack had been living pretty comfortably lately.
Besides handling Lucas's accounts, he also acted as a middleman, taking money from wealthy folks to lend out at high interest rates.
The interest generated was split 50-50 with the lenders, and there was no risk. If the money wasn't repaid on time, he just sent his guys to collect the debt.
If the money could't be recovered, Jack didn't lose a dime.
This lifestyle was way more profitable than collecting protection fees on Orchard Breeze Avenue.
On Orchard Breeze Avenue, the annual protection fee was just over $1 million.
But now, in just a few days, he could earn $1 million, something he never dared to dream of before.
However, Jack didn't expect that someone would dare to beat up his men and demand to know where the interest rates were legally stipulated.
"That kid must be out of his mind! He injured my men and still dares to see me!"
Jack sneered and asked the thug, "Where's that kid?"
"Over there!"
The blond thug pointed at Noah. "It's him. He injured a dozen of our guys and wants to ask you in person where the interest rates are legally stipulated."
Jack looked in the direction of the pointing finger. The streetlight was dim, and he couldn't see the boy's face clearly, but the figure seemed familiar.
This made his eyelid twitch slightly.
"Let's go check it out."
Jack gestured and walked towards Noah.
The thugs immediately followed behind.
"Jack's here, kid. You're gonna regret it!" The thug was extremely smug.
In a few seconds, Jack was standing in front of Noah.
"Mr. Anderson!"
Seeing the boy's face, Jack was stunned, his expression changing dramatically, filled with shock.
This boy was clearly Noah!
His heart was in turmoil, filled with fear and unease.
Although he had been living well recently, with hundreds of subordinates and a high status, he felt his ambition was getting out of control.
But Jack knew that his current status was all thanks to Noah.
Without Noah, Jack would still be a small-time thug collecting protection fees on Orchard Breeze Avenue!
Without Noah, there would be no Jack today.
So Jack had always been grateful to Noah.
But Jack didn't expect that the person who injured his dozen men was Noah!
If he angered Noah, Jack would likely have to return to Orchard Breeze Avenue as a small-time thug leader!
"Mr. Anderson, what are you doing here?"
Jack's thoughts were in turmoil, his expression uneasy. He mustered the courage to squeeze out a smile, his attitude very respectful.
Hearing this, Jack's subordinates were all shocked, dumbfounded.
Why was Jack so respectful to this guy?
And it seemed like this kid was Jack's boss! Jack's attitude was super respectful!
Why?
Timothy and Kenneth, standing nearby, were also stunned.
They didn't expect the big shot of the underworld, Jack, to be so respectful to Noah.
"This supermarket is mine. If I weren't here, your men would have trashed it," Noah glanced at Jack and spoke calmly.
Jack trembled all over, as if struck by lightning, sweat pouring down his back.
This supermarket was Noah's!
He had his men trash Noah's supermarket?
"You idiots, daring to trash Mr. Anderson's supermarket, kneel down now!"
Jack turned and shouted at the thug.
The thug trembled all over, his legs giving way, and he knelt in front of Noah.
He was still confused.
But he understood that the boy in front of him had an extraordinary identity!
"Mr. Anderson, if I had known this supermarket was yours, I wouldn't have dared to trash it even if I had the guts!"
Jack smiled bitterly, his heart sinking.
"I don't blame you for not knowing," Noah said calmly.
Hearing this, Jack breathed a sigh of relief, deeply grateful for Noah's magnanimity.
"But I still want to ask you," Noah's tone changed, making Jack's nerves immediately tense, "$30 million principal, and in just a few months, the interest is $70 million. Which law stipulates this interest rate?"
Noah's gaze at Jack was icy cold.
Jack's spine chilled, and he said bitterly, "Mr. Anderson, to be honest, these are Lucas's old accounts. In short, it's high-interest loans. After taking over Lucas's operations, I also took over these accounts, so I came to collect the debts."
"High-interest loans." Noah's gaze grew colder. "It seems you've been busy collecting debts these days?"
"Yes, Mr. Anderson!" Jack gritted his teeth, not daring to hide anything.
"Such high interest rates have probably ruined many families, right?" Noah asked again.
"Yes, Mr. Anderson. Two families sold their houses to repay the debts. Another couple got divorced," Jack answered truthfully.
"Well done." Noah's face was frosty, his entire body exuding a cold aura. "Now there's a crackdown on organized crime, and you still dare to do this. Are you looking for death?"
"Mr. Anderson." Jack trembled all over, opening his mouth to explain.
"Tell me everything you've done since taking over Lucas's operations, do not hide anything." Noah interrupted him.
"Yes, Mr. Anderson!" Jack began to recount the events, his expression respectful, like a subordinate reporting to a superior.
Five minutes later, Jack finished his account.
After listening, Noah was so angry he almost fainted.
He hated high-interest loans, gambling, drugs, and similar things the most.
But he didn't expect that in less than half a month, Jack had used methods like splashing paint, illegal detention, and vandalism to collect fifteen of Lucas's old accounts.
These fifteen accounts had earned him over $20 million.
That wasn't all. Even more audaciously, Jack had set up a middleman agency, distributing flyers to help wealthy people lend out high-interest loans.
The interest generated was split 50-50.
"You're really looking for death!" Noah looked at Jack, his eyes filled with coldness. "With the profits from Lucas's businesses like KTVs and bars, isn't that enough for you? Why do you have to touch high-interest loans?"
"Ruining families, breaking up marriages, don't you feel guilty?"
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