blackstone code

Chapter 138 Can't think of it, in fact, I didn't think of it either
Falsified financial reports, once any listed company faces such accusations, even if it was a "golden stock" sought after by people in the stock market just a moment ago, after such a thing happened, it only takes a second for it to 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 an accurate conclusion at the end, how much money they have made, how much they have lost, how much assets they have, how effective their operations are, and so on.

People outside the company, or even people inside the company may not have a comprehensive understanding of a company. In addition, this is a society of integrity, and people are willing to believe that these listed companies will not do bad acts of modifying data. Few people question whether the financial report data of a listed company is correct.

In fact, they also lack a way to question. Even if they feel that it is not normal, they have no way or opportunity to solve the mystery in their hearts.

But it has to be said that for a listed company, financial fraud is equivalent to standing on the edge of an active volcano crater, and even if it does not fall to death, it 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 largest shareholders of the company. .

If something goes wrong, the husband and the son-in-law will not be able to escape, but the other shareholders will not be happy either. They will also face bankruptcy. This is why Neo firmly believes that even if he speaks out, these people will not go to inform reason.

"Neo, Alban, you are committing a crime!"

"I'm going to report on you!"

The voice of the largest shareholder of Ristoane Group's board of directors was full of emotional out-of-control roars, and his voice could be heard trembling besides being hoarse.

Neo acted very calmly, and replied in a joking tone, "You can hang up the phone now, and then call to report my fraud on the financial report."

"I believe that the Federal Financial Crimes Bureau, the Tax Service and the media will be very interested in your report!"

The Federal Financial Crimes Bureau is a branch of the FBI that investigates and combats all financial crimes.

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

After a short period of persuasion, the major shareholder had only one request, "You must explain your purpose for doing this. 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. Of course, Neo knows how to walk down the stairs.

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

"Actually, since three years ago, Ristoane's profits have begun to shrink rapidly, and his first loss occurred about two years ago..."

To put it simply, President Neo discovered some problems in Ristoane at that time. The flow of funds became slow, and more and more goods were overstocked. In addition, people had less money in their hands, and their spending power began 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 losses into sustained profits, and there are also growth point.

Neo, who made such a decision, quickly got the result he wanted. The shares of the Ristorian Group continued to rise in the stock market, and the increase in the stock price made the losses negligible.

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 is enough to make up for the operating losses.

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

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

In other words, the shares they hold now are no longer sufficient for them to control the current position.

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

Of course, there are actually a lot of crimes involved, which is why Neo and Alban still control the chairman of the board of directors and the president of the group. They want to clear their charges, so the best way is to let the I will not be held accountable for my illegal operations.

"From what I know so far, Ristoane has actually reached a very dangerous situation, which is why I forced Langdon forcefully..."

Langdon is the name of the mayor of Sabine.

Neo was sitting on a chair in the study, holding a high-end solid color in one hand and a phone in the other. His eyes were a little blurred, as if the smoke from the solid color cigarette stumped his eyes, making him unable to see Clearing the things in front of him, it seemed that his eyes had penetrated reality and plunged into a void.

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

"Originally, our secret negotiation with Henghui was halfway through, but the sudden investigation of it by the Federal Taxation Bureau terminated our plan. If Langdon is not forced, we will not be able to save us from the quagmire." Opportunity, but from now on, we still failed!"

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

If it wasn't for the sudden intervention of the Federal Tax Service, Ristoane might have already eaten the piece of meat they wanted.

Unfortunately, everything was ruined.

The phone call was very calm, with only some heavy breathing. No one knew that Ristoane's current situation had become so bad. You must know that in the outside world, just the name of the group company can become the pride of many people.

Everyone in this state is proud to be an employee of the Ristorian Group!
It is such a company that is on the verge of bankruptcy in Neo's words, which is really hard to imagine.

In fact, this is not an accident. When Ristoane's sales began to slow down, they were doomed to suffer a cold winter.

Tens of thousands of workers have to send out millions of wages every month, but the speed of their payment and profit has become too slow.

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

Many of the funds that Alban and Neo cashed out were actually invested in the company's operations. Of course, they borrowed money from the company in the name of a third party, and they were not so selfless.

Neo was very satisfied with the people's silence, and now everyone is basically in the same camp. He then talked about some of his thoughts, "I have contacted people from the Conservative Party, they are better than Langdon, and they agree I have given some of my views and thoughts on the changes in the current industrial structure, 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 will get rid of the workers and employees who are lying on us and suck the blood, and walk away with wealth, so that everything we have done before will not have any problems."

"More importantly, I ask you to do nothing. As soon as the market opens on Monday, there will definitely be rumors in the market that I have a serious disagreement with Langdon, and that Ristoane is hated by the governor."

"At that time, our stock price will drop rapidly. I ask you to sell some stocks to lower the stock price. After the official intervention, I will announce the plan to launch privatization."

"Then..., we can leave here calmly, and I will ensure that each of you will not lose a lot of value."

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

But the current situation does not allow it, then take a slanted sword and leave here directly with the core of the company, while leaving some troubles in the local area.

When people talk about Ristoian, they will not say that some people have tossed this company and had to leave here. They can even use Langdon and the governor's dislike for them to make their departure full of certain politics. color.

As for financial fraud, those who know will not say it, and those who want to make them unlucky will not know about it.

It's a perfect plan, and even if someone really raises these issues in the future, it will be nothing more than a fine or something. It's just a little money, and it may even be safe. It has become a very typical example of financial operations!

As long as the group company and shareholders do not hold him accountable, he does not even need to accept punishment—after privatization, he only needs to be responsible to the shareholders, and as long as the shareholders express that they will not hold him accountable, he will not be prosecuted.

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

He felt that what the governor's staff said was right, only "unity" can tide over the difficulties. This is exactly what he is doing now, uniting the members of the board of directors, and completing this rapid transformation with him!

(End of this chapter)