American Scandal King

Chapter 148 You Can’t Afford to Lose Even Once

The next day, Ian obtained information about Sony Pictures' suspected tax evasion.

Tax evasion is a huge problem, and the IRS is world-renowned for its power, even surpassing the FBI.

You should know that the IRS has its own law enforcement agencies and even the army. The most famous of them is the infamous gangster boss Capone. Even the FBI couldn't do anything about him, but he was caught by the IRS.

In the United States, the FBI is not scary, but the IRS is very scary!
Anyone who dares to evade taxes is seeking death!

It’s not that Sony is so bold as to evade taxes, but it is almost impossible for a film and television company not to evade taxes.

Firstly, the US film and television industry has high taxes, so to avoid them, they set up numerous subsidiaries to transfer profits. Secondly, film and television companies are often involved in money laundering.

And any money laundering operation inevitably involves tax evasion. How else could it be accomplished? Would it even be reported? Therefore, no matter how well the accounting is done, problems are bound to arise. The issues uncovered by the FBI are only the tip of the iceberg, amounting to over two million dollars, a side effect of the effort.

But the IRS doesn’t think so. You still have to pay taxes even if you launder money!

The key is that you can also be fined!
However, after seeing these things, Ian fell into hesitation.

He was somewhat reluctant to make a deal with this.

This is a piece of news of great value that can produce continuous effects and bring rich returns.

It's such a waste to use it to exchange for trading opportunities between Spider-Man and the Men in Black - you already owe me, why should I use black material to take something that belongs to me?

So Ian decided to wait.

Spider-Man was released in May 02, and he could invest money at any time before that.

Many people define the advantage of rebirth as knowing who will get rich, but always ignore the timing.

A truly excellent investment will definitely focus on time returns: assuming Spider-Man is released in May and settled in October, then investing in April means the payback period is only half a year, while investing in December means the payback period is close to a year.

Entrepreneurs who are good at mergers and acquisitions attach great importance to the investment return cycle, which means huge utilization value of funds.

So after thinking it over again and again, Ian decided that the most urgent thing was to continue collecting negative information about Sony so that he could take action at the critical moment.

At the end of December, Time magazine published their Person of the Year.

As expected, Ian Carr made the list, but he was not the only one. Shaunalia also became a Time magazine Person of the Year with him.

This was Ian's own request. After all, Shawna would become a big star of Lockbridge Pictures, a member of a world-renowned anti-terrorism and anti-war organization, and one of the future leaders of the feminist movement... Originally, Catherine could also be one of them, but she was still a little confused now.

Looking at his own portrait in Time magazine and the portrait of Shauna next to it, Ian contentedly lifted the quilt and attacked Shauna...

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In Time magazine, Ian's handsome face appeared in the center of the page.

He is destined to become the most eye-catching figure of this era.

A genius journalist, a genius businessman, and a hero of justice who emerged out of nowhere.

All the halos bestowed upon him made this young man a well-known figure in the United States and even the world.

In a luxurious mansion in the wealthy area of ​​Manhattan.

Uhtred Boyce looked at the young man with a sorrowful look in his eyes. "Why can't we have reporters like this? They're willing to risk everything for the sake of news, including their lives and even their consciences!"

Uhtred Boyce is the boss of ABC News.

As a big capitalist, Uhtred Boyce is not so easy to fool.

He knew that much of what Ian Carr said in the interview was pure bullshit and exaggeration. But it was undeniable that when someone possessed the abilities of a god-level reporter, the nerve of a politician, and the agility and reflexes of a politician, coupled with excellent business acumen, the backing of a bank, and a reckless willingness to take risks, then as long as he survived, he would have the credentials to become a global super-media personality.

Boyce wouldn't want to deal with him because of this, the problem is that he is developing too fast!
His development speed is so fast that it is faster than lightning, so fast that no one can react, and so fast that he is posing a huge threat to all his peers.

Not only that, he was not very friendly to the Jews.

He took CBS from Viacom, and the Redstone family is Jewish; he made a lot of revelations about DreamWorks, and the three bosses at DreamWorks are Jewish; one of the two politicians he exposed is also Jewish; among the celebrities he exposed, nearly one-third are Jewish; and his company still does not have a single Jewish executive.
Although Ian claims that he does not discriminate against Jews, his actions show hostility towards Jews.

Of course, Beuys would not think that this was an ideological issue, but he could understand it as a question of interests - the Jews controlled the American media, and if Ian Carr wanted to achieve his status as a media giant, he would inevitably have to confront the Jews.

So, regardless of whether he was targeting the Jews or not, even if he only considered the interests, Beuys could not accept all this.

While I was thinking about this, the phone rang.

Boyce answered the phone. "It's me, old friend Jovi, hello... Yes, I'm watching... Excellent young man... What? The Wall Street Journal is interested in him too? He doesn't specialize in financial news... Ah, Madoff, is that so? I see. I agree with his views... Okay, I can help a little with this matter. This young man is too driven, he needs to be restrained."

Yes, Boyce had heard that Ian seemed to have a little conflict with Madoff, who was also Jewish.

So he called again: "It's me... Viacom's plan to acquire CBS fell through, and they're doing very well now... Forced acquisition? That would be too expensive, and they can fight back. You and I both know why, Ian Carr."

Boyce chuckled. "You can't bribe him. He's the owner of a major media company. Mr. Madoff has a proposal... Yes, he has some ideas about that young man. I don't know why, and I don't care. I mean, someone has to lead the charge, right? I'm also curious why this old guy is so radical, but we don't focus on the reasons. I'm not a journalist, and it's not my job to dig deep into the underlying issues."

"Yes, all we have to do is cooperate with him."

Boyce laughed. "There's an old Eastern saying: 'When a wall falls, everyone pushes it.' But even when the wall is still standing, we can still push it together. Yes, I agree. That's settled then."

After making several calls, Boyce finally completed the work he had to do for the day.

His eyes narrowed slightly: "Ian Karl, you may be an excellent reporter, but you are obviously not a good entrepreneur yet. You don't know what you are facing... This is the inevitable result of being too aggressive. You can win a hundred times, but you can't afford to lose even once."

Boyce laughed softly as he spoke.

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PS: Carl Media's asset list (excluding its own consumption, Godwin Manor, etc.):

14: CBS shares 8+% (market stocks).

CBS's current market value is $125 billion, and a 22% stake is worth $27.5 billion.
Another 3% have not yet been obtained.

150: The Los Angeles Herald currently sells about 10 million copies. Due to its high profits, its valuation has reached billion, and it is also Ian's core asset growth point, but it has basically reached its ceiling.

8: The Los Angeles Times is still valued at $70 million, and 5.6% of its shares are worth $ million.

3: The current value of Meihe Construction Company remains unchanged at million.

5. Invest 200 million in shorting the Italian lira.

6: Xinghuo TV, Suoqiao Pictures, China and other related industries are worth 200 million.

Liabilities:
Linuo Bank: 19 billion, interest rate 6.2.

Ankang Insurance Company: 15 billion, interest of 3.8% (not yet paid, used to pay for 12% of CBS shares, which is an advance payment)
Linuo Bank 3.36 million (unpaid, used to acquire 3% of CBS shares)

CBS gave Ian 20 million in dividends in the fourth quarter, plus the profits from the two major newspapers, it was basically enough to pay Lino's interest.

Including the agreed debts and agreed shares, the total liabilities are 37.36 billion and the total value of the group is 54 billion.

The debt ratio is around 69% and the net assets are around 17 billion.

(End of this chapter)