Society owes me a brother

After AK Telecom borrowed 85 billion gold from the Locke family in the form of mortgaged oil and minerals, it immediately bought up the outstanding shares that were constantly being thrown out in the financial market.At the same time, the major shareholders and senior managers of AK Telecom are also constantly contacting other capitals, hoping to persuade these large capitals to inject capital into AK Telecom, and through this way to completely resolve the operational crisis and financial scandal exposed by AK Telecom .

After all, it is the most influential old-fashioned energy company in country M and even the world. Although various scandals broke out frequently recently, AK Telecom's brilliant performance and good reputation in the past still attracted the attention and investment interest of a lot of capital.

For a while, news such as "So-and-so capital intends to invest in AK Telecom" and "Whoever has the most investment vision on Wall Street is optimistic about AK Telecom" are rampant.Almost the top managers of AK Telecom met with any Wall Street bigwigs, and various financial newspapers and gossip magazines would publish photos of these bigwigs meeting with AK Telecom managers and shareholders.Then either fabricate, or interview - write various reports that are conducive to AK Telecom's increase in stock price.

Of course, among them, there are some people who intentionally expressed their optimism about AK Telecom in front of the media due to the request of the major shareholders of AK Telecom.The purpose is to rescue AK Telecom from the bad news of poor management.

All kinds of good news artificially created, coupled with AK Telecom's generous move to take over the market after it won 85 billion M funds, really stimulated the hearts of ordinary stockholders and investors.The stock trend chart, which had been falling like a cliff, was finally contained, and the speed of AK Telecom's stock price decline began to ease.Many stockholders and investors who hold AK Telecom stock no longer sell in panic, but start to learn to wait and see, and even expect the stock price of AK Telecom to rise again.

Faced with the high expectations of the stockholders, AK Telecom lived up to expectations and indeed spent a lot of money to take over the deal. AK Telecom's stock price finally began to rise slowly under the force of such a large amount of funds.Slowly rose from the lowest point of 32.3 to 33 yuan, 34 yuan...

Although it cannot be compared with the peak of 126.7 yuan at the most glorious time, the rising stock price has still slightly stabilized the hearts of some shareholders and investors.

At the same time, the new CEO of AK Telecom once again stood up and held a press conference, and mentioned AK Telecom's past brilliant performance on various occasions, trying to awaken the confidence of shareholders and investors in AK Telecom.

Things seem to be going well.

However, short sellers who want to short AK Telecom outright will not let this situation go.

On May 2002, 5, Lu Chi, who had been keeping a low profile and silent since submitting a plan to short AK Telecom during the interview, finally made a move.

As we all know, before joining Eric Assets as a stock trader, Lu Chi had worked as an intern at the Yanjing Branch of DH Accounting Firm, an internationally renowned accounting firm, for half a year.In half a year, Lu Chi not only soared from an intern to a senior auditor level 3, but also memorized almost all the accounting standards on the planet included in the DH database.

In short, Lu Chi is a financial person who is very proficient in both international accounting standards and country M accounting standards.So as early as when he was researching the stock market of AK Telecom, he deeply studied the financial process of AK Telecom, and the most authoritative accounting firm in the world, ABC Accounting Firm, which audited the financial report of AK Telecom. Audit process, audit thinking and audit habits.Then, he discovered a secret that could definitely destroy AK Telecom.

However, Lu Chi, who always likes to do things with his own hands, did not include this point in the short-selling AK Telecom plan handed over to Eric Weiss during the interview.He kept the most critical evidence points, and kept holding back.Watching AK Telecom from the sidelines under the siege of Wall Street short sellers, from frequent means to struggling to support to dying, and then to breaking the boat and spending money to take over the market in an attempt to turn the tide of the battle, it finally made a move.

He directly uploaded an article on the Wall Street Finance section of the campus network, using the most accurate figures, the most detailed accounting standards of the country of M, and the most straightforward language to question AK Telecom again—this time, Lu Chi questioned The most important thing is that AK Telecom and ABC accounting firm made false accounts to deceive the public and investors.

It has been less than a year since the campus network was logged into M country, and it has spread to all major universities and various fields in M ​​in a viral mode.However, due to the self-positioning of the campus network, it has always been a trendy young people - the main target is students from elementary schools, junior high schools and universities.Therefore, its penetration rate among adults in country M—especially among high-end business people has not been very high.

But this time, Lu Chi took advantage of the fact that all M people are paying attention to the AK Telecom incident, and directly opened a Wall Street financial section on the campus website, and even used his contacts to invite many world-renowned senior accountants and auditors. The teachers conducted live text interviews in the section, specifically analyzing the impact of the fraudulent accounting incident of AK Telecom and ABC accounting firm on the financial and financial fields of country M.Even after discussing this incident, whether the ZF of country M will strengthen the supervision of Wall Street...

Lu Chi also had the cheek to invite Eric Weiss, the founder of Eric Assets, the most authoritative financial investor on Wall Street, to be a guest in the live interview room.

In order to do a good job of this live broadcast, Yue Bin also applied to the school to occupy a multimedia classroom with the most advanced equipment in Stanford to hold a real-time financial open class.In addition to the most important guest Eric Weiss, several well-known professors from Stanford's Department of Finance and Economics were also invited to hold this small live financial seminar.

In order to expand the momentum, the campus network also cooperates with the world's most advanced live broadcast website - Live Broadcast Network to avoid technical accidents such as system crashes or webpage freezes caused by too many hits during the live broadcast.

Huaxia Live.com, which has always been committed to becoming the world's largest video website, will certainly not reject the cooperation intention of Campus.com.In fact, before this, Huaxia Live Network and Campus Network had cooperated many times.

Coupled with the relationship between Lu Chi, the founder of Campus.com, and Lu Heng, the largest shareholder of Huaxia Video Network, the head of Huaxia Diyu, no one would reject such a mutually beneficial cooperation.

In fact, this proposal was put forward by Yue Bin, the CEO of Campus Network.According to Lu Chi's idea, he originally wanted to submit this article to the "Wall Street Financial Journal".Because "Wall Street Financial Journal" is the most influential and authoritative financial newspaper in country M.Lu Chi felt that publishing the article on the "Wall Street Financial Journal" could attract more people's attention.

However, Yue Bin felt that this incident could be used to expand the influence of the campus network in the financial field—to be precise, among high-end business people.So he suggested that Lu Chi publish the first article on the campus website, and then ask the "Wall Street Financial Journal" and other financial newspapers and magazines to help reprint it-of course, the latter needs Eric Weiss to help operate it.

For the sake of money and profit, even if Eric Weiss has a slight grudge against Lu Chi's move, he will never reject this proposal, which is enough to severely damage AK Telecom.

On Saturday, May 2002, 5, the stock market was closed and office workers had a holiday.At 16 o'clock in the morning, the Wall Street Finance Open Class jointly launched by Campus Network, Huaxia Video Network, Eric Assets and Stanford University officially started.

As the largest short seller dedicated to shorting AK Telecom, Eric Weiss showed his strong attack power at the beginning of the program.He sharply pointed out the fact that AK Telecom and ABC accounting firm made false accounts with detailed data and precise accounting standards.And in the live broadcast room, he bluntly stated that the board members of AK Telecom absolutely knew the inside story.Once this assumption is established, the board members of AK Telecom advocated that the stock price of AK Telecom would rise, while secretly selling the stock, and at the same time used the past performance of AK Telecom to confuse uninformed investors into investing in AK Telecom. , can constitute commercial fraud.

Eric Weiss pointed out that the crisis AK Telecom is facing today is no longer the poor management caused by the wrong decision of the board of directors, and the financial problems caused by the broken capital chain, but has touched the bottom line of the law and will face lawsuits.Therefore, I appeal to those capitals who still have expectations for AK Telecom not to be impulsive, and not to be fooled by the money-making rhetoric of the AK Telecom board of directors.This so-called old-fashioned energy group has become an empty shelf full of internal crises, and no one knows how empty its interior is.The only certainty is that all managers involved in the fraudulent accounting problem will be severely punished by law.

In the next two hours, the conclusions reached by several experts and professors who are the most authoritative in the field of financial economy are even more appalling.

The truth becomes clearer and clearer.

With the joint efforts of Eric Weiss and many financial economists, AK Telecom could not conceal the fact that it had made false accounts.The M State Securities Regulatory Bureau, which has been paying attention to this open class, also began to focus on the investigation of AK Telecom's fraudulent accounts in response to Eric Weiss and other experts' statements.ABC Accounting Firm, which has been in charge of auditing AK Telecom's financial reports, was not spared. All the auditors related to AK Telecom's audit business were summoned by the M State Securities Regulatory Commission one by one, asking them to make fake accounts against AK Telecom. Give a reasonable explanation and the specific operation process of the audit link.

In the face of many experts in the financial field, as well as the urgent investigation of the Securities Regulatory Commission of the country M. On May 2002, 5, AK Telecom was forced to admit the fact that United ABC Accounting Firm had made false accounts.The amount of fraudulent accounts announced by the board of directors of AK Telecom under the pressure of the Securities Regulatory Commission is even more appalling.

On the day when AK Telecom announced the fraudulent account figures, the stock price of AK Telecom dropped to less than 1M yuan, and the closing price was 0.12M yuan.

As soon as the stock market opened the next day, the stock price of AK Telecom dropped to 0.1M yuan.Standard & Poor's directly adjusted AK Telecom's debt rating to "junk bond category".

On the last day of May 2002, AK Telecom, which had been fighting in the corner, finally gave up all resistance and formally applied to the court for bankruptcy protection.

So far, a global veteran energy company with a market value of 900 billion has disappeared.

However, the short-selling plan of Lu Chi, Eric Weiss and the short sellers was a great success.They even completed the bargain hunting for AK Telecom.

Throughout June, the bears were busy sorting out the harvest of this capital feast.Including Yue's Group, Zhang's Group, Matthew Locke, and Lu Chi himself, everyone's finances have multiplied hundreds or even thousands of times.As for the exact figure, we will have to wait for the accounting firm to complete the final accounting before we can know.

Eric Weiss excitedly invited all employees within the company to sail around the world.He bought a new cruise ship—after AK Telecom went bankrupt, the major shareholders of the board of directors also faced bankruptcy or even imprisonment, and there was no spare energy to maintain these luxury goods.Therefore, most of the expensive luxury goods, including luxury cruise ships, privately ordered planes and mansions, will face the fate of being sold.

So Eric Weiss took over the luxury cruise ship owned by one of the shareholders of AK Telecom's board of directors.

It is worth mentioning that the major shareholder who once cheated Matthew Locke's father by means of commercial espionage and embarked on the road to fortune also went bankrupt.Old Mr. Locke took over most of the assets under the name of the major shareholder.And a villa near the sea worth 6000 million M gold was transferred to Lu Chi through the hands of Matthew Locke.

It is said to be a reward for this "handy stockbroker".

When Matthew Locke came to deliver the key, he said very excitedly: "Next weekend, my father wants to hold a banquet at Locke Manor. You are invited to attend."

As he said, Matthew Locke handed two invitations that were so gorgeous that the cover was sprinkled with a layer of gold into Lu Chi's hands, and said meaningfully: "My father appreciates your talent and ability, and he wants to meet you. "

After a pause, Matthew Locke turned his gaze to Yue Bin's face again, and while handing over the invitation card that belonged to Yue Bin, he showed a fake smile like an aristocrat, and invited with a reserved attitude: "My father I admire the ancient oriental culture very much. I also have ample curiosity about that magical country and that magical land. The influence of the Yue Group in the Chinese business community is well known. Your father and elder brother are very good businessmen. If possible, Locke Group hopes to reach a cooperation agreement with Yue Group."

Translated, our Locke family actually doesn't think much of you, but for the sake of the Yue Group, your father and your eldest brother, we still sent you an invitation.Keep up the good work guys!

Yue Bin, who is familiar with the upper class, can certainly hear the implication of Matthew Locke's words.But he didn't take it seriously.When receiving the invitation, the laughing human and animal commented harmlessly: "Do you know why everyone concludes that you are not qualified to inherit the Locke family?"

Matthew Locke: "..."

As we all know, due to the rapid development of the Chinese market in recent years, many international capitals have always been interested in entering the Chinese market.However, due to the overt and covert obstruction of the industrial alliance headed by the Yue Group, coupled with various local protection policies, the pace of these foreign companies entering the Chinese market is far from being as easy as they imagined.Therefore, after various obstacles, many foreign companies began to change their thinking, tried every means to find partners in China, established a new joint venture with a domestic company, and then obtained various preferential policies to make great strides in development.

The patriarch of the Locke family is targeting the Yue Group.The Yue Group also has the intention of cooperation.It's just that due to various concerns, Father Yue and Brother Yue have not yet finalized the cooperation.As for what has not been negotiated, Yue Bin, who has not paid much attention to his own company, doesn't know much.

But he knows one thing, the Locke family's need for cooperation is definitely more urgent than the Yue's group.So even if Old Locke really despises a dude like him in his heart, he will never show it.It is even possible to influence his father and brother by wooing him.

And Matthew Locke's move, of course, will not have any major impact on the cooperation, but it may definitely make Yue Bin feel unhappy.If it was Old Locke, who was slick and profit-oriented, he would never do such a naive behavior.But Matthew Locke is different from Old Locke. He does things only for his own pleasure, and sometimes he doesn't even know why he does it.

Therefore, Yue Bin felt that he didn't need to be as knowledgeable as someone like Matthew Locke.With this time, he might as well think about how to prepare the dresses for him and Lu Chi to attend the banquet.But before he could find a good tailor, a trouble came to him——

Because Eric's assets and Lu Chi himself were too active in the bankruptcy of AK Telecom, and reaped huge profits.Unfortunately, they were targeted by the M State Securities Regulatory Commission.

It is said that there are "sufficient reasons to suspect that Eric Assets and its employees conducted unknown internal transactions in the short sale of AK Telecom". Power and position require Eric Assets and Lu Chi himself to take the initiative to explain some specific transaction details in the short-selling AK Telecom incident.

One moment they were partners fighting side by side, and the next moment they turned their guns to fight each other.

At this moment, Lu Chi finally had a little understanding of Wall Street financial practitioners' dislike for calling the CSRC "an unreasonable mad dog".

And when Lu Chi was expressing his exclamation, Yue Bin had already prepared to bring in a group of the best lawyers in country M to help Lu Chi deal with the summons from the Securities Regulatory Commission.

These lawyers are professional, senior, clear-headed, and have rich experience in dealing with the SEC.The most important thing is - this group of people are paid one thousand gold per hour.

On the other side, Eric Weiss, who is a brother and brother to Lu Chi, also called Lu Chi to his office, and conducted various surprise trainings for Lu Chi in response to the questions that the China Securities Regulatory Commission may raise during the investigation.To this end, Eric Weiss even hired several old guys who resigned from the Securities Regulatory Commission to help simulate the subpoena session.

But the attitude of both of them is very relaxed.Because they all know that at least in the matter of shorting AK Telecom, they absolutely did not have any "insider trading".And based on Eric Weiss' understanding of himself as a young employee who is a genius, if the two of them are relaxed, then the trouble will definitely be another group of people!

The author has something to say:

small theater--

Lu Xiaochi: Get out of the way, I'm going to slap my face (￣ε(#￣)☆╰╮(￣▽￣)