"When I mentioned Enron Energy, I suddenly remembered someone!"

Just as Zhu Ke and Andi and others were discussing, someone in Chu Ran mentioned unexpectedly in the office.

Zhu Ke took a look.

William Snape!

He is the head of the information consulting department of Dafeng Capital, a senior in this industry, and is also the second group of partners within Dafeng Capital. Although he belongs to the second echelon of senior management, he has outstanding abilities and no one will ignore him.

Zucker looked at him and said, "Snape, you suddenly remembered someone, just talk."

Andi and others also stopped discussing and their eyes turned to William Snape.

"Everyone, I don't know whether you have followed the issue of Fortune Magazine 20010312. In the C version of this issue, Jim Cheos, the owner of Wall Street Great White Sharks Investment Company, spoke to question Enron's revenue." William Snape said in a deep voice.

Jim Cheoss, the owner of Great White Sharks Investment Company?

Zhuke was stunned and said, "Is it the Jim Cheoss who is passionate about short-term investment and has a good reputation?"

"Yes, it's him." Snape responded.

When it comes to Jim Cheos, the boss of the Great White Sharks Investment Company, all the executives present know it.

After all, everyone is making a living on Wall Street.

Although Jim Cheos is not a star in the investment banking industry and his popularity is 100,000 miles lower than Soros, he has been on Wall Street for decades. With his good reputation and reputation, he has made his own world. He is considered a big and small celebrity.

Two years ago, at a cocktail party held on Wall Street, Zucker had a brief exchange with Jim Cheos.

William Snape: "In the C version of Fortune Magazine 20010312, Jim Cheos openly questioned Enron's profits."

"He listed a large amount of data in his article and analyzed that Enron's profit rate was 5 in 2000, but it dropped below 2 in early 2001. For investors, the return on investment was only about 7."

"The return rate of 7 is 1.2 lower than the average return rate of major investment banks on Wall Street, 8.2."

Hearing this, everyone nodded.

An executive asked in confusion: "This doesn't mean anything?"

Another executive echoed: "The return on income alone does not mean that Enron's accounts are false."

Anth and Zucker looked at each other, then looked at Snape, signaling him to continue.

"You are right, this set of data alone does not explain much."

Snape said in a deep voice: "But! Jim Cheos also said in the article: Enron's business looks brilliant, but in fact he can't make much money, and no one can tell how Enron makes money."

“……”

As soon as these words were spoken, the audience was in an uproar.

The source of income is unknown?

For a moment, the executives present noticed that there was something happening here.

President Andy Chelop said in a deep voice: "The biggest problem is that we cannot prove Jim Cheols' remarks. If we take action rashly, we may cause losses."

After all, the target is an energy giant company with a market value of 100 billion US dollars, so everyone must be cautious.

Zhu Ke said seriously: "When the problem comes out, we will investigate, but remember that we cannot entrust any commercial investigation company or accounting company."

Everyone nodded again.

Business survey companies and accounting companies make a living by reputation, which is true.

However... the plate of Enron Company is really too big!

The characters and interests involved should not be underestimated.

The most important thing is to entrust these commercial investigation companies and accounting companies, which is likely to leak news, and the interests of Dafeng Capital will be damaged by that time.

The collapse of a 100 billion giant involves risks that are enough to destroy anyone.

It is no exaggeration for Zhuke to be careful!

At the end of the meeting, Zhu Ke solemnly said: "Everyone has signed the confidentiality agreement, so there is no need for me to mention some things. I believe you mentioned them to you, but if the news is leaked, don't blame me for turning against others!"

In the last sentence, Zhuke was completely warning them.

In the capital world, the energy that rich people have is so big that you feel terrible!

Anthicelope also looked at them meaningfully and smiled, "Everyone, I don't want to see anyone leave New York until the dust settles, ok?"

He was also warning everyone.

Everyone present nodded.

In fact, the credibility of these cunning foxes is still guaranteed. After all, they are partners of Dafeng Capital and shareholders. The leak of news is also their own interests.

...........

9 p.m.

After finishing dinner, Zucker returned to his hotel room to rest.

Of course, there is no such early rest.

Zhuke is thinking!

"My half-dead system did not jump out this time and gave me the information about Enron Company. Otherwise, why would I have to work so hard?"

After all, Zhu Ke was in the Great Heaven in his previous life, and he didn't know much about Enron Company in the United States.

Just know its approximate.

Moreover, the reason why I can know this was when Zhu Ke saw it when he was bored in his previous life when he was reading old newspapers.

As for newspapers, everyone knows that sometimes they are vague!

"In mid-August 2001, there were more and more questions about Enron, which eventually led to a decline in the stock price. In just half a month, Enron's stock price had fallen from $80 to $42;"

"In October 2001, Enron released its third quarter financial report for 2001, announcing that the company's losses totaled more than $600 million;"

“On November 1, 2001, Enron mortgaged some of the company’s assets and received a $1 billion line of credit guarantee from JP Morgan and Solomon Smith Barney, but Merrill Lynch and S&P still lowered their ratings for Enron again.”

After investigation, the partnership that had been hiding behind Anron began to emerge.

After investigation by professional institutions, most of these partnership companies are controlled by Enron's senior management. Enron's huge external loans are often included in these companies and do not appear on Enron's balance sheet. In this way, Enron's huge debt of up to $13 billion will not be known to investors.

At the same time, some of Enron's executives also made personal gains from these partnerships.

What makes investors even more angry is that Anron's senior management is obviously very familiar with the problems that arise in the company's operations, but has turned a blind eye to them for a long time and even deliberately concealed them.

Many board members, including CEO Skilling, advocated that the stock price would continue to rise, but were secretly selling the company's stock.

That's right, they are selling their stocks!!!

7 of the 14 members of the board of supervisors of relevant federal government departments have special relationships with Enron. They are either engaged in transactions with Enron or work for non-profit organizations supported by Enron, turning a blind eye to Enron's various bad deeds.

Fraud, money laundering, securities fraud, internal transactions, private benefits...

Crimes are going on!

To put it bluntly, Enron Company, from shareholders to senior executives, emptied Enron Company and put all the investors' money into their pockets.

Haha, the market value of 100 billion US dollars?!

Not to mention hundreds of billions of dollars, even if you double the amount, you can't resist these greedy guys.

Zhuke said to himself: "All I often say, never overestimate the quality of these professional managers. Foxes are cunning, but they are a hundred times more cunning than foxes."
Chapter completed!