Blackstone Code Chapter 137: I can’t think of it, in fact, I didn’t think so

Falsification of financial reports, once any listed company faces such an accusation, even if it was a "golden stock" in the stock market a moment ago, but after such a thing happened, it only takes a second , it will become a "junk stock".

Junk stocks, stocks with no value, the entire market's understanding of the operation of a listed company mainly comes from the financial reports released by the company every cycle.

There will be detailed operating conditions, and finally an accurate conclusion, how much money they made, how much money they lost, how much assets they have, how effective the operation is, and so on...

People outside the company and even people 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 behaviors of modifying data. , so few people would question whether the financial report data of a listed company is correct.

In fact, they also lack the means of questioning. Even if they feel that it is not normal, 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 the crater of an active volcano. Even if you don't fall to death, you will be burned to death.

After Neo's words came out, a lot of voices came from the phone receiver. He could feel that these people were in a bad state, but he didn't care because he and his wife's father were no longer the biggest company in the company. shareholders.

If something goes wrong, the two of them won't be able to escape, but the other shareholders will not be better off. They will also face bankruptcy. This is why Neo firmly believes that even if he speaks out, these people will not The reason for the whistleblower.

"Neo, Alban, you are a crime!"

"I'm going to tell you!"

The largest shareholder of the Ristoan Group's board of directors soon heard a roar full of uncontrollable emotions. In addition to hoarseness, his voice was trembling.

Neo was very calm, and his voice answered in a joking tone, "You can hang up now and call me to report my falsification of the financial report."

"I'm sure the Federal Financial Crimes Investigative Service, the Tax Office and the media will be very interested in your report!"

The Federal Financial Crimes Investigative Service is a branch of the Federal Bureau of Investigation, a separate but independent agency that investigates and combats all financial crimes.

Neo's words made the largest shareholder unexpectedly silent for about four or five seconds, and then other members of the board of directors immediately comforted him. Everyone will be killed by him.

After a short period of persuasion, the major shareholder has only one request, "You must explain the purpose of what you are doing. If you can't convince me, I will immediately report your illegal behavior..."

It seems that this sentence is very fierce, but it is actually just a kind of threatening stairs. Neo certainly knows how to go down the stairs.

"Of course, sir, that's exactly what I want to tell you, because it's related to some of our next steps."

"Actually, since three years ago, Ristoan's profit began to shrink rapidly, and the first loss occurred about two years ago..."

To put it simply, President Neo at the time discovered that there were some problems in Ristoan, the flow of funds became slow, the inventory of goods was more and more, and the money in people's hands became less, spending power Starting to decline, a group company with hundreds of brands will inevitably face the same problems as those small businesses.

Neo and Alban and his own cronies believe that this is not some simple phenomenon. At their request, the financial department revised the financial report for the first time, turning the loss into a continuous profit. And there are also growth points.

Neo, who made this decision, quickly got the result he wanted. The stock of the Ristoan Group continued to rise in the stock market, and the increase in the share price made the loss negligible.

In his own words, in the annual summary report, the surge in the overall market value of the group company driven by the increase in stock prices is enough to make up for the loss in operation.

This is a poison. In the case of continuous losses in physical operations, the continuous rise in stock prices is used to cover up the fact of poor management. It seems that the increase in the company's stock price is a good thing, but it is all based on false data. .

To this day, two years of financial fraud is enough to bring Ristoan down in an instant. Neo didn't even hide anything, and told all shareholders with relatively cold and cruel words that he and his father-in-law Alban had already cashed out. almost half of the shares.

In other words, the shares they now hold are long enough for them to control their current position.

In the face of the anger and cursing of shareholders, Neo and Alban didn't care, and were even a little proud.

Of course, there are actually a lot of criminal acts, which is why Neo and Alban still hold the chairmanship of the board of directors and the group president. They want to clear their names, so the best The solution is to keep your illegal actions from being held accountable.

"From what I know so far, Ristoan has actually reached a very dangerous situation, which is why I force Langdon to force it..."

Langdon is the name of the mayor of Sabine.

Neo sat on the chair in the study, holding a high-end solid color in one hand and the phone in the other, his eyes were a little blurry, as if the smoke from the solid color cigarette butts fascinated his eyes, making him He couldn't see what was in front of him, and it was as if his eyes penetrated reality and plunged into a void.

"Only by eating the most important core resources in Henghui's hands can Ristoan be able to transform quickly and gain a chance of life."

"We were halfway through our secret negotiation with Henghui, but the sudden investigation by the IRS on it ended our plan, and without forcing Langdon, we won't get us out of the quagmire. There is a chance to save, but from now on, we still fail!"

The shareholders of Henghui have already planned to withdraw their funds and return to their home countries to carry out post-war reconstruction. Those businesses and channels that were very valuable in the past have now become their tools for realizing their profits.

If it wasn't for the IRS suddenly intervening, Ristoan might have eaten the meat they wanted.

Unfortunately, everything was ruined.

The phone was very calm. There were only some heavy breathing. No one knew that Ristoan's current situation was so bad. You must know that in the outside world, just the name of the group company can become a lot of people. proud.

In this state, everyone is proud to be an employee of the Ristoan 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 the sales of Ristoan began to slow down, they were doomed to encounter a cold winter.

Tens of thousands of workers are only paid millions of dollars every month, but the speed of their payment and profit has become too slow.

On the one hand, some employees were fired to save expenses, on the other hand, financial fraud was used to raise stock prices, and then the necessary funds were obtained by cashing out.

A lot of the funds that Alban and Neo cashed out were actually invested in the operation of the company. Of course, they borrowed to the company in the name of a third party, and they were not so selfless.

Neo was satisfied with the silence of the people. Now that everyone is basically unified, he talked about some of his thoughts, "I have been in contact with people from the Conservative Party, and they speak better than Langdon. , I also agree with some of my views and ideas on the current industrial structure change, and I am willing to try to cooperate with us.”

"They gave a very favorable policy, and more importantly, this is an opportunity, an opportunity to get rid of the burden."

"We're going to get rid of the workers and employees who are sucking blood on us and leave with the wealth so that everything we've done before will have no problem."

"More importantly, I ask you to do nothing. As soon as the market opens on Monday, there will be rumors that Langdon and I are seriously at odds, and that Ristoan is disgusted by the governor."

"When the time comes, our stock price will fall rapidly. I ask you to sell some stocks to lower the stock price. After the official intervention, I will announce the plan to launch a privatization."

"Then..., we can get out of here in peace ~IndoMTL.com~ and I make sure that each of you won't lose a huge amount of value."

This is the method that Neo and Alban discussed for a long time. Their initial idea was to get the things they had discussed with Henghui before, and quickly integrate Henghui's channels and advantageous industries. , and reactivate these items in your own hands after merging.

But now the situation doesn't allow it, then take the sword and leave here with the core of the company, and at the same time keep some troubles in the local area.

When people talk about Ristoan, they won't say that some people have tossed the company and had to leave. They can even use the dislike of Langdon and the governor to make their departure full of some political overtones.

As for financial fraud, those who know won't tell, and those who want to make them unlucky won't know about it.

It's a perfect plan, and even if someone does bring up these issues in the future, it will end up being nothing more than a fine, but a little money, and it may even be safe, becoming a very typical example of financial operations!

As long as the group company and shareholders don't hold him accountable, he doesn't even need to be punished - after privatization he only needs to be accountable to shareholders, and as long as shareholders say they won't hold him accountable, he won't be prosecuted .

Of course, this is all in the future, what they have to do now is to tide over the difficulties!

He thinks what the governor's staff said is right, only "unity" can get through this difficult time, and that's exactly what he's doing now, uniting the board members and working with him on this quick turnaround!