instant noodle richest man

Chapter 1877 muddy water

"Actually, there were two computers that were attacked by the credit card virus at that time, one was the computer of the financial director, and one of his accountants!" Kenneth said with a very calm expression in front of the camera. After nearly 40 years of prison, he had already seen everything away.

"Our Financial Director intends to conceal the fact that the financial statements were deleted and re-create a financial statement in the shortest time."

"But he didn't know that an accountant under his command had also deleted the computer data, and he also planned to restore the data in the shortest time. However, this accountant did not have the meticulousness of the financial director. He made mistakes when he restored the data and remembered the three most critical data incorrectly."

"Actually, the errors of these three data are not big, just a few million dollars, so my financial director did not find the data problem in the second statement... because he had no time to verify the data, and he could only copy the data results obtained last time according to his own memory!"

"But all this was missed when facing review by the Securities and Exchange Commission. The Transaction Commission found that there were very serious errors in the data calculation and it was impossible to obtain the data on the report!"

"The person in charge of the review is naturally a master of mathematics. He discovered on the first glance that there were problems with the three data, and even guessed that it was likely that the calculation error of the financial personnel who wrote the report led to the overall data error. This is a very low-level problem."

"The problem was not serious at most. At most, I would like to issue a warning and then make a new report. Moreover, the examiner has a very good relationship with our Enron Company. We often give her some small help, so this problem will not be troublesome... It should have been like this!"

"But who can imagine that it is precisely because this examiner has a good relationship with us that he feels that there is no need to let Enron be scolded by the Securities and Exchange Commission, because this will cause the company's stock price to drop. So the examiner decided to modify the data secretly for us, restore the data to normal, and help us pass the test!"

"So he checked the correct numbers of these three data, and then he found that these three data were not wrong, which was completely normal! He repeatedly checked the data more than ten times, and thoroughly checked the data more than ten times, and everything proved that these three data was not a problem, which made him puzzled. So he guessed that the problem might appear on other data, so he decided to check all the relevant data he could find to see which data had the problem!" Speaking of this, Kenneth's expression became very complicated and weird, and his whole person's emotions were even more excited. His body shook on the chair several times. When the host was about to call the doctor to come for first aid, Kenneth waved his hand and signaled that he was in good condition. At the same time, he slowly spoke, "Then he found that there were sixteen key data errors in the entire first quarter report."

"These data are hidden very deeply on weekdays, and it takes very detailed calculations to find problems. Ordinary reviewers will not calculate these data. Only this reviewer who wants to help us suppress the problems will work hard to help us calculate the data and find calculation errors!"

"Then he was frightened to find that the entire first quarter financial report was fake, and the only correct data was actually only those three. This matter was no longer something he could suppress. If this matter was exposed, he would be in prison for the rest of his life."

"So he decided to sell us, and then you all know what happened next, so I won't say much!" Kenneth took a deep breath and said in the lowest tone, "There is a saying in Chinese that there is a god three feet high, and every move of human beings is monitored by gods. Their retribution is not that they are not repaid, but that the time has not come, and they will eventually be judged by God!"

"Anron and I are the best annotation of this proverb. Our Anron company is actually the virus that I ordered to develop, and the three truly correct numbers and justice. These are the punishments given to me by God. It is the way of the world. I deserve it!" Kenneth sincerely shed tears of repentance in the show, and the truth of Anron's instant collapse also appeared in front of all the audience for the first time.

And this truth really made everyone feel inexplicably cold. Is it true that the Chinese people said that there were eyes staring at themselves, and all the sins they committed would be revealed and retribution one day?

Of course, this is the truth that later generations know. In 2002, except for a few big names, no one knew what Anran's truth was. Those who knew could only sigh that Anran and Kenneth deserved it. This is called committing one's own sins.

With the complete outbreak of the Enron account fraud case, Enron Company was naturally abandoned. In just ten days, Enron Company's share price dropped to less than $1 per share, and was then forced to delist by the Securities and Exchange Commission. All Enron Company's investors lost all their money, and many investors also went to the rooftop.

Although Enron was dead, Microsoft's nightmare had just begun.

At the beginning, Enron and Microsoft had nothing to do with each other. Although the CEO is the same, Enron and Microsoft are completely different in two industries and have completely different businesses, so Microsoft may not have the problem of Enron.

In addition, Microsoft's board of directors and Kenneth's divorce was very timely. On the second day after the incident, Kenneth announced his resignation, and then the board of directors quickly appointed a new CEO to break the connection between the two.

But the problem is that Kenneth can cut, but the shit Kenneth fed to Microsoft cannot be spit out again!

Moreover, since Kenneth took office, Microsoft's various financial statements have been making crazy profits, and then its stock price soared. All of this seems to be extremely abnormal in the eyes of people with discerning eyes.

So, the world's largest short hedge fund company, Knicks United Fund, began to investigate Microsoft's financial reports.

Speaking of this Knicks United Fund, the other party is also famous. This company is known for its nickname as a company cemetery and has sent many well-known companies into the cemetery.

Because we know from the fact that the company's main business is short, it is a foundation that specializes in shorting listed companies to make profits, and the Knicks United Fund Company's record is also very impressive.

I won’t say much about the distance, I will talk about a few familiar things, such as Luckin Coffee, which is a good thing done by Knicks United Fund Company.

Some people say it is wrong. Rui·National Light·Xing·Coffee, isn’t it shorted by Muddy Waters?

This is right or wrong, because behind Muddy Waters is the Knicks United Fund Company, which is the relationship between the parent company and the subsidiary.

Muddy Waters Company was established in 2010. Its main business is to short the Chinese concept stocks listed in the United States.

The more famous ones include Focus Media, New Oriental, Huishan Dairy, Anta Sports, and Minhua Holdings, the parent company of Zhihuashi Sofa, etc. Among them, 9 companies have been delisted and their results are still quite strong.

By the way, he once wanted to short JD.com, but Chinese people and Americans have different thinking. In the eyes of Americans, things that can hammer the company to death, but in the eyes of Chinese people, Dong Ge became a victim.

Of course, neither Dong Ge nor the other party is a good person, but obviously Muddy Waters Company is not either.

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