Hollywood Tycoon [US Entertainment + Business War]

"Bankrupt?" Jed Sherman showed an incredulous expression.He knew his father very well. Old Sherman was an investor. How could he set up a fund that would go bankrupt?This kind of property custody fund has a history of several decades in the United States. It has a very mature mechanism and management experience. How could it go bankrupt on its own head? "I need a reason! And I'll ask the accounting firm to audit the funds."

But the so-called chairman of the foundation obviously doesn't care about Jed, in his opinion, this is still a young man.I heard that he has a weak personality and doesn't understand business matters at all.Presumably, the reason why he was so furious was because he would not be able to guarantee his life in the future.The chairman looked at Jed with pity, and this man will be removed from the high society of Los Angeles in the future.As for yourself?At most, it is just that he bears the infamy of "poor management", and his public and private income through the foundation is enough to cover his expenses for three lifetimes.

"My poor Mr. Sherman, don't you know that any kind of operation is risky? Even fund operations are the same... how many funds go bankrupt in the United States every year, you should read more reports. What's more, we The 'Sherman Family Development Fund' is not bankrupt, but has encountered operational difficulties. I feel that I have failed your expectations, so I deliberately resign from you. For this reason, I can give up this year's annual salary and option incentives."

A mocking smile appeared on Sherman's face, which surprised the chairman secretly.If it was the original Jade, he would have been fooled away, but now Sherman's body is a talented investment bank manager from the 21st century. How can this little trick be so discerning?It is naturally possible for the foundation to go bankrupt. After all, as any business form, there are risks.However, the "Sherman Family Development Fund" is a very special fund. It is not authorized to purchase any commercial investment products. Except for the original good assets, the rest of the investment products are US treasury bonds or treasury bonds of European industrial countries. .According to this investment method, although the fund cannot make too much money, it is absolutely impossible to go bankrupt.

"I'm sorry, Mr. Todd, I have very little trust in you and your team." Jed put away his mocking smile and turned to a decisive expression. "Old Bell, please notify the Los Angeles District Attorney's Office now that I have a commercial fraud case to report. Also please notify Deloitte and Jones Day, I think we have one here who is very grateful Interesting cases are waiting for them to deal with."

"Mr. Sherman, you are insulting me!" Todd was a little nervous.He cursed in his heart, how could this be a young man who doesn't understand business shit?He is clearly an old fritter who has been in the business world for many years!First, he reported the case to the district prosecutor, and directly classified the case as "commercial fraud". This is definitely not something that a newcomer can achieve, okay?Then the accounting firm and law firm stepped in to prepare for future civil prosecutions.Most importantly, this little Sherman chose Deloitte and Jones Day.

Deloitte, as one of the top five accounting firms (Ambison was not implicated in bankruptcy by Enron at this time), also provided additional legal consulting services related to finance and investment, so they checked the accounts of companies suspected of commercial fraud and bankruptcy But very experienced.Jones Day is one of the largest law firms in the United States, and their main business is legal consulting services related to finance and investment.Inviting such two great gods here, Todd has no confidence that he can benefit from them.

Seeing Todd's expression, Sherman smiled and said, "There is a Chinese saying, 'If you stretch out your hand, you will be caught'. Mr. Todd, for the sake of our cooperation for many years, if you will not take If I get the money back, I can make an exception.”

"Where did I get the money I shouldn't have?" Todd responded sharply. "I'm not afraid of being investigated."

"Then I will wait for your good news." Sherman didn't bother to entangle Todd, "but I need to remind you that although the world is big, you have no place to hide. You and your men will wait Let's see the bottom of the prison and wear it!"

After falling out with Todd, Old Bell naturally didn't have a good look at Todd, but he sent him out of the door more politely.But when he came back, he said to Jed with embarrassment: "Master, even if we can prove that Todd has committed bad behavior, we are now in some financial difficulties. The medical expenses for you and Mrs. The maintenance costs and daily expenses of several properties are already huge, plus the fees paid to the accounting office and law firm in the future, we are very likely to go bankrupt. So I suggest that the young master should just scare them and not really hire them .”

"That won't work! Old Bell, I can't let everyone think that after my father's death, the Sherman family is easy to bully!" Jed himself is in a difficult situation. California can't survive.But if there is no compromise, the old Bell also said. "This is really 'a penny is hard for a hero'!" Jed couldn't help but smiled wryly, "Old Bell, send the accounts to the study, let's talk about our family's assets."

Old Bell naturally knew that the living room was not a good place to talk about this topic. There are still many servants in this house. Who can guarantee that their mouths are reliable enough?If the news that the Sherman family is on the verge of bankruptcy is known by the press, it will wipe out the old Sherman's hard work for nearly 20 years, which is unacceptable to the old Bell.So after watching Jed go to the study, he also went to the study with the relevant accounts.But Old Bell still has some doubts. Although Jed has been dealing with things more and more like Old Sherman, after all, what does he know at a young age?However, Old Bell did not express his doubts, but watched Jed carefully check the accounts.Of course, this account is only a general ledger, and does not involve the actual accounts of specific industries, otherwise, several accountants will be needed to check the accounts.Even so, this general ledger is not something ordinary people can understand.But Old Bell didn't know that Jed's soul was a professional investment bank manager in the future, and it was easy for him to look at the accounts.

The more Jed looked at the accounts, the more headaches he felt. His cheap father was really addicted to investing. Except for a small amount of real estate and real estate, the rest were stocks and bonds, and it was very troublesome to realize them.However, the amount of real estate in his family is really beyond Jed's needs. In addition to the Sherman mansion in Beverly Hills, the old Sherman also bought two sea view villas in Santa Monica and Marbury. And of course yachts.In addition, for the convenience of work, the old Sherman also bought two apartment-style properties in Los Angeles and New York City.Jed smiled wryly in his heart and said, could it be that his father is too poor to buy all the houses in the places with the highest real estate taxes in the United States.You know, it is not difficult to buy a house in the United States, but it is difficult to maintain a house.For example, the house in Beverly Hills is only a few million dollars, but the annual property tax is as high as 10,000+, plus some necessary expenses, the annual hard cost is hundreds of thousands.At most ten years, it is equivalent to buying another house.As for houses in the urban areas of New York City and Los Angeles, the property taxes are even higher.What's more, the Los Angeles downtown house purchased by Old Sherman was still a detached house, and the real estate tax was doubled immediately.

Jed closed the accounts, closed his eyes and pondered for a while and said, "Don't worry about Zhong Day, they know the value of this case, and they will eventually share it from the compensation, so the lawyer's fee can be delayed first. For the accounting office, get a loan! As for medical expenses, Old Bell, I remember we have an insurance policy with American Family Life Insurance Company."

Hearing Jed's question, Old Bell couldn't help but smiled wryly: "Bank of America has lowered our loan amount, and has reminded us that several loans will be due soon. They said that they have no way to loan us until repayment .”

"They really are..." Jed shook his head with a wry smile at this explanation.I remember Gu Hongming once said that a bank is someone who lends you an umbrella on a sunny day but takes it back on a rainy day.In the old Sherman era, the relationship between his family and the Bank of America was as good as honey, but now.Although Jed smiled wryly for a while, he immediately showed a decisive expression, "Clear out the debts of Bank of America, and then transfer all our family's deposits and investment business. I think Wells Fargo should be very interested. They Hasn’t the business in California been suppressed by Bank of America all the time? The enemy of an enemy is a friend.”

"I understand." The old Bell was also annoyed by the attitude of the Bank of America. The Sherman family is not extinct. How could he stab a former friend at a critical moment?It's disgraceful, and it's a disgrace to work with such a bank.

"There is also the issue of the insurance policy. What's going on?" Jed didn't understand.You must know that the old Sherman made a lot of insurance investment products for his wife and Jade in American Family Life Insurance Company, accident insurance, pension insurance, injury insurance... It can be said that this money is the last of the Sherman family. Guaranteed, but American Family Life Insurance Company has tampered with this, which made Jed have a very bad impression of this company and couldn't help but want to retaliate.

"The insurance company means that the master has some cardiovascular problems, and the wife has some congenital heart problems, but the master and wife have concealed it from the insurance company, so they refuse to pay. And in your case, they also found some heart problems, so He also refused to pay for the same reason," Old Bell replied.

"Is there something wrong with my heart?" Jed suddenly "thumped" in his heart.

"It's because your heart has a higher risk than ordinary people, but it doesn't mean you have a problem now." Old Bell quickly explained, "When I was at the UCLA Medical Center, I already entrusted a cardiologist to treat you Did a detailed examination. He said that you only need regular physical examinations and there is no problem. Your heart is currently very healthy and can do anything that ordinary people can do. He even said that even if you want to play rugby, there is no problem."

"Then why are they refusing to pay? 'Concealing the truth'?" Jed sneered. "Looks like we need to sue one more company. I think Jones Day is very interested in suing the top three of Nationwide Life Insurance Company?"