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

Junk stocks, worthless stocks, the whole market's understanding of the operation of a listed company mainly comes from the financial reports issued by the company every cycle.

There will be a detailed business situation, and finally an accurate conclusion, how much money they have made during this time, how much money they have lost, how many assets they have, how effective the operation is, etc., etc., etc., ......etc.

People outside the company, or even people inside the company, may not have a comprehensive understanding of a company, and this is an honest society, and people are willing to believe that these listed companies will not make bad practices in modifying data, so few people question whether the financial report data of a listed company is correct.

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

But it has to be said that for listed companies, financial fraud is equivalent to standing on the edge of the crater of an active volcano, and even if you can't fall to death, you will be scalded to death.

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

If something really goes wrong, they can't get away, but the other shareholders won't be happy, and they will also face bankruptcy, which is why Neo firmly believes that even if he says it, these people will not go to the whistleblower.

"Neo, Alban, you're committing a crime!"

"I'm going to denounce you!"

The voice of the largest shareholder of the board of directors of the Ristian Group was soon heard on the phone, full of uncontrollable emotions, and his voice could be heard shaking in addition to hoarseness.

Neo was very calm, and replied in a joking tone, "You can hang up the phone right now, and then call to report me for falsifying the financial report." ”

"I'm sure the FCI, the tax office and the media will be very interested in your report!"

The Federal Financial Crimes Investigation Agency (FCI) is a branch but independent agency that investigates and combats all financial crimes.

Neo's words made the largest shareholder unexpectedly silent, and after about four or five seconds, other members of the board of directors immediately comforted him, in case this bad brain couldn't think of doing it all of a sudden, everyone would be killed by him.

After a short period of persuasion, the majority shareholder had only one request, "You must explain your purpose for doing this, and if you can't convince me, I will immediately report your illegal behavior......

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

"Of course, sir, that's exactly what I want to say to you, because it's about some of our next moves. ”

"In fact, since three years ago, Ristoan's earnings have been shrinking rapidly, and there was a first loss of ...... about two years ago."

To put it simply, it was the president of Neo at that time that found that there were some problems in Ristoan, the flow of money became slow, the inventory of more and more goods, coupled with the fact that people had less money in their hands, and their spending power began to decline, and a group company with hundreds of brands would inevitably face the same problems as those small enterprises.

Neo and Alban, as well as his own cronies, believe that this is not a simple phenomenon, and at their behest, the finance department has revised its financial reports for the first time, so that losses have become sustained profits, and there have been points of growth.

Having made such a decision, Neo soon got the results he wanted, and the shares of the Ristian Group continued to rise in the stock market, and the increase in the share price made the losses insignificant.

In his own words, in the annual summary report, the 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.

It's a dose of poison, and it's all based on false data to cover up the fact that the company's stock price is rising to cover up the fact that the company is doing poorly when the entity is constantly losing money.

Today, two years of financial fraud are enough to bring Risean down in an instant, and Neo doesn't even hide anything, telling all shareholders in relatively cold and cruel words that he and his father-in-law, Alban, have cashed out almost half of their shares.

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

In the face of the anger and swearing of the shareholders, Neo and Alban did not care, and even a little proud.

Of course, there are actually a lot of crimes in this, which is why Neo and Alban still hold the chairman of the board and the president of the group, and if they want to clear their name, the best way is to keep their illegal operations from being held accountable.

"From what I know so far, Ristoan is actually in a very dangerous situation, which is why I am forcing Langdon hard......"

Langdon is the name of the mayor of Sabin.

Neo sat 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 foggy, as if the smoke from the solid cigarette butts fascinated his eyes, making him unable to see what was in front of him, and as if his gaze had penetrated reality and thrown into a void.

"Only by eating the most important core resources in the hands of Henghui can Ristian quickly transform and gain a glimmer of life. ”

"Originally, we were halfway through the secret negotiations with Henghui, but the sudden investigation of the Federal Inland Revenue Service into it put an end to our plan, and we didn't have a chance to save us from the quagmire without forcing Langdon, but for now, we still failed!"

Market-Guide's shareholders have planned to withdraw their funds and return to their home countries for post-war reconstruction, and businesses and channels that used to be very valuable have now become their tools for monetization.

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

It's a pity that everything was ruined.

The phone was very calm, only some heavy breathing, no one knew that Ristoan's current situation had actually been 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 the state is proud to be an employee of the Ristian Group!

It's 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 Ristoan's sales began to slow down, they were destined for a cold winter.

Tens of thousands of workers have to pay millions of dollars every month, but their speed of repayment and profitability has become too slow.

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

A lot of the money that Alban and Neo cashed out was actually invested in the company's operations, of course, they borrowed it to the company in the name of a third party, and they were not so selfless.

Neo was pleased with the silence, and now that everyone was basically united, he went on to talk about some of his thoughts, "I have been in contact with the people on the Conservative side, they are better spoken than Landon, and they agree with some of my views and ideas about the current changes in the industrial structure, and are willing to try to cooperate with us. ”

"They gave a very preferential policy, and more importantly, it was an opportunity, a chance to get rid of the burden. ”

"We will get rid of the workers and employees who have sucked the blood on us, and we will leave with our wealth, so that there will be no problems with all our previous actions. ”

"More importantly, I ask you not to do anything, and as soon as the market opens on Monday, there will be rumors in the market that I have a serious disagreement with Langdon and that Ristoan is disgusted by the governor. ”

"At that time, our stock price will fall rapidly, and I ask you to sell some of your shares to lower the stock price, and when the authorities intervene, I will announce the plan to launch a privatization. ”

And then ...... We can get out of here, and I'll make sure that none of you are worth a lot of money. ”

This is the method that Neo and Alban discussed for a long time before they came up with it, and their initial idea was to get the things they had negotiated with Market-Guide before, quickly integrate Market-Guide's channels and advantageous industries, and reactivate these projects in their hands after the merger.

But now that the situation does not allow it, then the sword will go sideways and leave here directly with the core of the company, while still leaving some troubles locally.

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

As for financial fraud, those who know it 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 or something, just a little money, and maybe even safe and sound, becoming a very typical example of financial operations!

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

Of course, this is all for later, and what they have to do now is to tide over it!

He felt that the governor's staff was right, that only "together" could get through this, and that was exactly what he was doing right now, uniting the board members and accomplishing this rapid transition with him!