Chapter 138
If audio player doesn't work, press Stop then Play button again
Once any listed company faces such accusations of false financial reports, even if it was still a "gold stock" pursued by people in the stock market, it will become a "junk stock" in only one second after such things happen.
Junk stocks are worthless stocks. The whole market's understanding of the operation of a listed company mainly comes from the financial reports issued by the company every cycle.
There will be a detailed business situation, and finally an accurate conclusion, how much money they have made, how much money they have lost, how many assets they have, how the business effect is, etc.
People outside the company or even inside the company may not have a comprehensive understanding of a company. In addition, this is an honest society. People are willing to believe that these listed companies will not make bad acts of modifying data, so few people will question whether the financial report data of a listed company is correct.
In fact, they also lack the way to question. Even if they feel abnormal, they have no way and opportunity to solve the mystery in their hearts.
But I have to say that for listed companies, financial fraud is equivalent to standing on the edge of an active volcano. Even if they can't fall, they will be burned to death.
After Neo's words came out, a lot of voices came from the phone. He could feel that these people were in a bad state, but he didn't care, because he and his wife's father were not the largest shareholder of the company.
If something goes wrong, their husband-in-law can't run away, but other shareholders won't be better. They also face bankruptcy. This is why Neo firmly believes that even if he says it, these people won't report.
"Neo, Alban, this is a crime!"
"I'm going to tell on you!"
Soon there was a roar of uncontrollable emotion from the largest shareholder of the board of directors of ristoan group. His voice was trembling in addition to hoarseness.
Neo was very calm, and his voice replied in a joking tone, "you can hang up now and call to report my fraud in the financial report."
"I believe the Federal Financial Crime Investigation Bureau, the tax bureau and the media will be very interested in your report!"
The federal financial crime investigation bureau is subordinate to the Federal Bureau of investigation. It is a branch but independent organization that investigates and combats all financial crimes.
Neo's words unexpectedly silenced the largest shareholder for about four or five seconds. Immediately, other members of the board of directors comforted him. In case this man had a bad mind and couldn't think of doing so, everyone would be killed by him.
After a short persuasion, the major shareholder only asked, "you must explain your purpose. If you can't convince me, I will report your illegal behavior immediately..."
It seems that this sentence is very cruel. In fact, it is just a threatening step. Of course, Neo knows how to go down the step.
"Of course, sir, that's what I want to tell you, because it's related to our next steps."
"In fact, since three years ago, ristoan's profits began to shrink rapidly, and there was the first loss about two years ago..."
To put it simply, at that time, President Neo found that there were some problems in ristoan, the capital flow became slow, the backlog of goods became more and more, and people's money became less, and the consumption power began to decline. A group company with hundreds of brands would inevitably face the same problems as those of small enterprises.
Neo and auburn and their close friends believe that this is not a simple phenomenon. At their request, the financial department revised the financial report for the first time, turning losses into sustained profits, and there were growth points.
Neo, who made such a decision, soon got the result he wanted. The stock of riston Group continued to rise in the stock market, and the increase of the stock price made the loss insignificant.
In his own words, in the annual summary report, the sharp increase in the overall market value of the group company driven by the increase in stock prices was enough to make up for the operating losses.
This is a dose of poison. When the entity continues to lose money, it uses the rising stock price to cover up the fact of poor management. It seems that the increase of the company's stock price is a good thing, but all this is based on false data.
Up to now, two years of financial fraud is enough to bring riston down in an instant. Neo didn't even hide anything. He told all shareholders in relatively cruel words that he and his father-in-law Alban had cashed out almost half of his shares.
In other words, the shares they now hold have long been insufficient for them to control their current position.
Facing the anger and curse of the shareholders, Neo and auburn didn't care, even a little proud.
Of course, there are still many criminal acts, which is why Neo and Alban still control the chairman of the board of directors and the president of the group. If they want to clear their charges, the best way is to let their illegal operations not be investigated.
"From what I know at present, riston has actually reached a very dangerous situation, which is why I have to force Langdon hard..."
Langdon is the name of the mayor of Sabin.
Neo sat on the chair in the study, holding a high-grade solid color in one hand and a telephone in the other. His eyes were a little blurred, as if the smoke from the solid color cigarette butts fascinated his eyes, making him unable to see what was in front of him. It was also like his eyes penetrated the reality and plunged into a void.
"Only by eating the most important core resources in Henghui's hands can ristoan make a rapid transformation and obtain a glimmer of vitality."
"Originally, our secret negotiation with Henghui has been in the middle, but the federal tax bureau's investigation into it suddenly terminated our plan. If we don't force Langdon, we won't get the chance to save us from the quagmire, but from now on, we still failed!"
Henghui's shareholders have planned to withdraw their funds and return to their own countries for post-war reconstruction. The businesses and channels that were very valuable in the past have now become their cash tools.
If the IRS hadn't stepped in suddenly, ristoan might have eaten the meat they wanted.
Unfortunately, everything was destroyed.
The phone was very calm, with only some heavy breathing. No one knew that ristoan's current situation had been so bad. You know, in the outside world, just the name of the group company can become the pride of many people.
In this state, everyone is proud to be an employee of riston group!
It is hard to imagine that such a company is on the verge of bankruptcy in Neo's words.
In fact, this is not an accident. When riston's sales began to slow down, it was doomed that they would encounter a cold winter.
Tens of thousands of workers have to pay millions of wages every month, but their rate of collection and profit has become too slow.
On the one hand, some employees are dismissed to save expenses, on the other hand, financial fraud is used to raise the stock price, and then the necessary funds are obtained by cash out.
Many of the cash out funds of Alban and Neo are actually invested in the operation of the company. Of course, they borrow from the company in the name of a third party. They are not so selfless.
Neo was very satisfied with the silence of the people. Now everyone is basically united in the camp. He then talked about some of his ideas. "I have had contact with people from the conservative party. They speak better than Langdon. They also agree with some of my views and ideas on the current changes in the industrial structure and are willing to try to cooperate with us."
"They have given very favorable policies. More importantly, this is an opportunity, an opportunity to get rid of the burden."
"We will get rid of the workers and employees who suck blood on us and leave directly with wealth, so that all our previous actions will not have any problems."
"More importantly, I ask you not to do anything. As soon as the market opens on Monday, there will be rumors that I have a serious disagreement with Langdon and that ristoan is disgusted by the governor."
"At that time, our share price will fall rapidly. I ask you to sell some shares to lower the share price. After the official intervention, I will announce the privatization plan."
"Then... We can leave here calmly, and I'm sure each of you won't lose a lot of money."
This is the method that Neo and Orben discussed for a long time. Their initial idea was to get what they had talked with Henghui before, quickly integrate Henghui's channels and advantageous industries, and reactivate these projects in their hands after the merger.
But now the situation does not allow, let's take the sword and leave here directly with the core of the company. At the same time, we can leave some troubles here.
At that time, when people talk about ristoan, they won't say that some people tossed the company and had to leave here. They can even make their departure full of some political color with the help of Langdon and the governor's dislike for them.
As for financial fraud, those who know it will not say, while those who want to make them unlucky will not know it.
It's a perfect plan, and even if someone really raises these problems in the future, it's nothing more than a fine. It's just a little money, and it may even be safe. It has become a very typical example of financial operation!
As long as the group company and shareholders do not hold him accountable, he does not even need to be punished - after privatization, he only needs to be responsible to shareholders, and as long as shareholders say they do not hold him accountable, he will not be prosecuted.
Of course, these are all things in the future. What they have to do now is to tide over the difficulties!
He felt that the governor's staff was right. Only "unity" can tide over the difficulties. This is what he is doing now. Unite the members of the board of directors to complete this rapid transformation with him!
Please report us if you find any errors so we can fix it asap!
Once any listed company faces such accusations of false financial reports, even if it was still a "gold stock" pursued by people in the stock market, it will become a "junk stock" in only one second after such things happen.
Junk stocks are worthless stocks. The whole market's understanding of the operation of a listed company mainly comes from the financial reports issued by the company every cycle.
There will be a detailed business situation, and finally an accurate conclusion, how much money they have made, how much money they have lost, how many assets they have, how the business effect is, etc.
People outside the company or even inside the company may not have a comprehensive understanding of a company. In addition, this is an honest society. People are willing to believe that these listed companies will not make bad acts of modifying data, so few people will question whether the financial report data of a listed company is correct.
In fact, they also lack the way to question. Even if they feel abnormal, they have no way and opportunity to solve the mystery in their hearts.
But I have to say that for listed companies, financial fraud is equivalent to standing on the edge of an active volcano. Even if they can't fall, they will be burned to death.
After Neo's words came out, a lot of voices came from the phone. He could feel that these people were in a bad state, but he didn't care, because he and his wife's father were not the largest shareholder of the company.
If something goes wrong, their husband-in-law can't run away, but other shareholders won't be better. They also face bankruptcy. This is why Neo firmly believes that even if he says it, these people won't report.
"Neo, Alban, this is a crime!"
"I'm going to tell on you!"
Soon there was a roar of uncontrollable emotion from the largest shareholder of the board of directors of ristoan group. His voice was trembling in addition to hoarseness.
Neo was very calm, and his voice replied in a joking tone, "you can hang up now and call to report my fraud in the financial report."
"I believe the Federal Financial Crime Investigation Bureau, the tax bureau and the media will be very interested in your report!"
The federal financial crime investigation bureau is subordinate to the Federal Bureau of investigation. It is a branch but independent organization that investigates and combats all financial crimes.
Neo's words unexpectedly silenced the largest shareholder for about four or five seconds. Immediately, other members of the board of directors comforted him. In case this man had a bad mind and couldn't think of doing so, everyone would be killed by him.
After a short persuasion, the major shareholder only asked, "you must explain your purpose. If you can't convince me, I will report your illegal behavior immediately..."
It seems that this sentence is very cruel. In fact, it is just a threatening step. Of course, Neo knows how to go down the step.
"Of course, sir, that's what I want to tell you, because it's related to our next steps."
"In fact, since three years ago, ristoan's profits began to shrink rapidly, and there was the first loss about two years ago..."
To put it simply, at that time, President Neo found that there were some problems in ristoan, the capital flow became slow, the backlog of goods became more and more, and people's money became less, and the consumption power began to decline. A group company with hundreds of brands would inevitably face the same problems as those of small enterprises.
Neo and auburn and their close friends believe that this is not a simple phenomenon. At their request, the financial department revised the financial report for the first time, turning losses into sustained profits, and there were growth points.
Neo, who made such a decision, soon got the result he wanted. The stock of riston Group continued to rise in the stock market, and the increase of the stock price made the loss insignificant.
In his own words, in the annual summary report, the sharp increase in the overall market value of the group company driven by the increase in stock prices was enough to make up for the operating losses.
This is a dose of poison. When the entity continues to lose money, it uses the rising stock price to cover up the fact of poor management. It seems that the increase of the company's stock price is a good thing, but all this is based on false data.
Up to now, two years of financial fraud is enough to bring riston down in an instant. Neo didn't even hide anything. He told all shareholders in relatively cruel words that he and his father-in-law Alban had cashed out almost half of his shares.
In other words, the shares they now hold have long been insufficient for them to control their current position.
Facing the anger and curse of the shareholders, Neo and auburn didn't care, even a little proud.
Of course, there are still many criminal acts, which is why Neo and Alban still control the chairman of the board of directors and the president of the group. If they want to clear their charges, the best way is to let their illegal operations not be investigated.
"From what I know at present, riston has actually reached a very dangerous situation, which is why I have to force Langdon hard..."
Langdon is the name of the mayor of Sabin.
Neo sat on the chair in the study, holding a high-grade solid color in one hand and a telephone in the other. His eyes were a little blurred, as if the smoke from the solid color cigarette butts fascinated his eyes, making him unable to see what was in front of him. It was also like his eyes penetrated the reality and plunged into a void.
"Only by eating the most important core resources in Henghui's hands can ristoan make a rapid transformation and obtain a glimmer of vitality."
"Originally, our secret negotiation with Henghui has been in the middle, but the federal tax bureau's investigation into it suddenly terminated our plan. If we don't force Langdon, we won't get the chance to save us from the quagmire, but from now on, we still failed!"
Henghui's shareholders have planned to withdraw their funds and return to their own countries for post-war reconstruction. The businesses and channels that were very valuable in the past have now become their cash tools.
If the IRS hadn't stepped in suddenly, ristoan might have eaten the meat they wanted.
Unfortunately, everything was destroyed.
The phone was very calm, with only some heavy breathing. No one knew that ristoan's current situation had been so bad. You know, in the outside world, just the name of the group company can become the pride of many people.
In this state, everyone is proud to be an employee of riston group!
It is hard to imagine that such a company is on the verge of bankruptcy in Neo's words.
In fact, this is not an accident. When riston's sales began to slow down, it was doomed that they would encounter a cold winter.
Tens of thousands of workers have to pay millions of wages every month, but their rate of collection and profit has become too slow.
On the one hand, some employees are dismissed to save expenses, on the other hand, financial fraud is used to raise the stock price, and then the necessary funds are obtained by cash out.
Many of the cash out funds of Alban and Neo are actually invested in the operation of the company. Of course, they borrow from the company in the name of a third party. They are not so selfless.
Neo was very satisfied with the silence of the people. Now everyone is basically united in the camp. He then talked about some of his ideas. "I have had contact with people from the conservative party. They speak better than Langdon. They also agree with some of my views and ideas on the current changes in the industrial structure and are willing to try to cooperate with us."
"They have given very favorable policies. More importantly, this is an opportunity, an opportunity to get rid of the burden."
"We will get rid of the workers and employees who suck blood on us and leave directly with wealth, so that all our previous actions will not have any problems."
"More importantly, I ask you not to do anything. As soon as the market opens on Monday, there will be rumors that I have a serious disagreement with Langdon and that ristoan is disgusted by the governor."
"At that time, our share price will fall rapidly. I ask you to sell some shares to lower the share price. After the official intervention, I will announce the privatization plan."
"Then... We can leave here calmly, and I'm sure each of you won't lose a lot of money."
This is the method that Neo and Orben discussed for a long time. Their initial idea was to get what they had talked with Henghui before, quickly integrate Henghui's channels and advantageous industries, and reactivate these projects in their hands after the merger.
But now the situation does not allow, let's take the sword and leave here directly with the core of the company. At the same time, we can leave some troubles here.
At that time, when people talk about ristoan, they won't say that some people tossed the company and had to leave here. They can even make their departure full of some political color with the help of Langdon and the governor's dislike for them.
As for financial fraud, those who know it will not say, while those who want to make them unlucky will not know it.
It's a perfect plan, and even if someone really raises these problems in the future, it's nothing more than a fine. It's just a little money, and it may even be safe. It has become a very typical example of financial operation!
As long as the group company and shareholders do not hold him accountable, he does not even need to be punished - after privatization, he only needs to be responsible to shareholders, and as long as shareholders say they do not hold him accountable, he will not be prosecuted.
Of course, these are all things in the future. What they have to do now is to tide over the difficulties!
He felt that the governor's staff was right. Only "unity" can tide over the difficulties. This is what he is doing now. Unite the members of the board of directors to complete this rapid transformation with him!
Once any listed company faces such accusations of false financial reports, even if it was still a "gold stock" pursued by people in the stock market, it will become a "junk stock" in only one second after such things happen.Junk stocks are worthless stocks. The whole market's understanding of the operation of a listed company mainly comes from the financial reports issued by the company every cycle.There will be a detailed business situation, and finally an accurate conclusion, how much money they have made, how much money they have lost, how many assets they have, how the business effect is, etc.People outside the company or even inside the company may not have a comprehensive understanding of a company. In addition, this is an honest society. People are willing to believe that these listed companies will not make bad acts of modifying data, so few people will question whether the financial report data of a listed company is correct.In fact, they also lack the way to question. Even if they feel abnormal, they have no way and opportunity to solve the mystery in their hearts.But I have to say that for listed companies, financial fraud is equivalent to standing on the edge of an active volcano. Even if they can't fall, they will be burned to death.After Neo's words came out, a lot of voices came from the phone. He could feel that these people were in a bad state, but he didn't care, because he and his wife's father were not the largest shareholder of the company.If something goes wrong, their husband-in-law can't run away, but other shareholders won't be better. They also face bankruptcy. This is why Neo firmly believes that even if he says it, these people won't report."Neo, Alban, this is a crime!""I'm going to tell on you!"Soon there was a roar of uncontrollable emotion from the largest shareholder of the board of directors of ristoan group. His voice was trembling in addition to hoarseness.Neo was very calm, and his voice replied in a joking tone, "you can hang up now and call to report my fraud in the financial report.""I believe the Federal Financial Crime Investigation Bureau, the tax bureau and the media will be very interested in your report!"The federal financial crime investigation bureau is subordinate to the Federal Bureau of investigation. It is a branch but independent organization that investigates and combats all financial crimes.Neo's words unexpectedly silenced the largest shareholder for about four or five seconds. Immediately, other members of the board of directors comforted him. In case this man had a bad mind and couldn't think of doing so, everyone would be killed by him.After a short persuasion, the major shareholder only asked, "you must explain your purpose. If you can't convince me, I will report your illegal behavior immediately..."It seems that this sentence is very cruel. In fact, it is just a threatening step. Of course, Neo knows how to go down the step."Of course, sir, that's what I want to tell you, because it's related to our next steps.""In fact, since three years ago, ristoan's profits began to shrink rapidly, and there was the first loss about two years ago..."To put it simply, at that time, President Neo found that there were some problems in ristoan, the capital flow became slow, the backlog of goods became more and more, and people's money became less, and the consumption power began to decline. A group company with hundreds of brands would inevitably face the same problems as those of small enterprises.Neo and auburn and their close friends believe that this is not a simple phenomenon. At their request, the financial department revised the financial report for the first time, turning losses into sustained profits, and there were growth points.Neo, who made such a decision, soon got the result he wanted. The stock of riston Group continued to rise in the stock market, and the increase of the stock price made the loss insignificant.In his own words, in the annual summary report, the sharp increase in the overall market value of the group company driven by the increase in stock prices was enough to make up for the operating losses.This is a dose of poison. When the entity continues to lose money, it uses the rising stock price to cover up the fact of poor management. It seems that the increase of the company's stock price is a good thing, but all this is based on false data.Up to now, two years of financial fraud is enough to bring riston down in an instant. Neo didn't even hide anything. He told all shareholders in relatively cruel words that he and his father-in-law Alban had cashed out almost half of his shares.In other words, the shares they now hold have long been insufficient for them to control their current position.Facing the anger and curse of the shareholders, Neo and auburn didn't care, even a little proud.Of course, there are still many criminal acts, which is why Neo and Alban still control the chairman of the board of directors and the president of the group. If they want to clear their charges, the best way is to let their illegal operations not be investigated."From what I know at present, riston has actually reached a very dangerous situation, which is why I have to force Langdon hard..."Langdon is the name of the mayor of Sabin.Neo sat on the chair in the study, holding a high-grade solid color in one hand and a telephone in the other. His eyes were a little blurred, as if the smoke from the solid color cigarette butts fascinated his eyes, making him unable to see what was in front of him. It was also like his eyes penetrated the reality and plunged into a void."Only by eating the most important core resources in Henghui's hands can ristoan make a rapid transformation and obtain a glimmer of vitality.""Originally, our secret negotiation with Henghui has been in the middle, but the federal tax bureau's investigation into it suddenly terminated our plan. If we don't force Langdon, we won't get the chance to save us from the quagmire, but from now on, we still failed!"Henghui's shareholders have planned to withdraw their funds and return to their own countries for post-war reconstruction. The businesses and channels that were very valuable in the past have now become their cash tools.If the IRS hadn't stepped in suddenly, ristoan might have eaten the meat they wanted.Unfortunately, everything was destroyed.The phone was very calm, with only some heavy breathing. No one knew that ristoan's current situation had been so bad. You know, in the outside world, just the name of the group company can become the pride of many people.In this state, everyone is proud to be an employee of riston group!It is hard to imagine that such a company is on the verge of bankruptcy in Neo's words.In fact, this is not an accident. When riston's sales began to slow down, it was doomed that they would encounter a cold winter.Tens of thousands of workers have to pay millions of wages every month, but their rate of collection and profit has become too slow.On the one hand, some employees are dismissed to save expenses, on the other hand, financial fraud is used to raise the stock price, and then the necessary funds are obtained by cash out.Many of the cash out funds of Alban and Neo are actually invested in the operation of the company. Of course, they borrow from the company in the name of a third party. They are not so selfless.Neo was very satisfied with the silence of the people. Now everyone is basically united in the camp. He then talked about some of his ideas. "I have had contact with people from the conservative party. They speak better than Langdon. They also agree with some of my views and ideas on the current changes in the industrial structure and are willing to try to cooperate with us.""They have given very favorable policies. More importantly, this is an opportunity, an opportunity to get rid of the burden.""We will get rid of the workers and employees who suck blood on us and leave directly with wealth, so that all our previous actions will not have any problems.""More importantly, I ask you not to do anything. As soon as the market opens on Monday, there will be rumors that I have a serious disagreement with Langdon and that ristoan is disgusted by the governor.""At that time, our share price will fall rapidly. I ask you to sell some shares to lower the share price. After the official intervention, I will announce the privatization plan.""Then... We can leave here calmly, and I'm sure each of you won't lose a lot of money."This is the method that Neo and Orben discussed for a long time. Their initial idea was to get what they had talked with Henghui before, quickly integrate Henghui's channels and advantageous industries, and reactivate these projects in their hands after the merger.But now the situation does not allow, let's take the sword and leave here directly with the core of the company. At the same time, we can leave some troubles here.At that time, when people talk about ristoan, they won't say that some people tossed the company and had to leave here. They can even make their departure full of some political color with the help of Langdon and the governor's dislike for them.As for financial fraud, those who know it will not say, while those who want to make them unlucky will not know it.It's a perfect plan, and even if someone really raises these problems in the future, it's nothing more than a fine. It's just a little money, and it may even be safe. It has become a very typical example of financial operation!As long as the group company and shareholders do not hold him accountable, he does not even need to be punished - after privatization, he only needs to be responsible to shareholders, and as long as shareholders say they do not hold him accountable, he will not be prosecuted.Of course, these are all things in the future. What they have to do now is to tide over the difficulties!He felt that the governor's staff was right. Only "unity" can tide over the difficulties. This is what he is doing now. Unite the members of the board of directors to complete this rapid transformation with him!
