Hollywood Starts with Animation

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"The New York Times" issued an article saying: "In recent days, this newspaper has received news that WorldCom has huge deficits, false profit reports, fraudulent self-interest and other problems. In order to protect the interests of investors, it is recommended that the Securities and Exchange Commission and third parties Auditors stepped in quickly to avoid huge financial damage."

"Bloomberg" issued an article saying: "WorldCom is the second largest long-distance calling company in the United States and a traditional telecommunications giant in the United States. Enterprises, but in the near future, it is very likely that there are huge security risks."

WorldCom!

WorldCom!

WorldCom!

Still WorldCom!

For a whole day, the major mainstream media in the United States, especially in the field of financial news and social news, WorldCom has existed as the headlines on the front page and is recognized by the general public.

The speed at which the news spread was so fast that it was unstoppable like a volcanic eruption.

When the matter developed to this point, Dyna Shaw, the chairman of WorldCom, and the management team were all stunned and wanted to hide it, but there was nothing they could do.

"hide?"

"How to hide, what to hide?"

"You have to know that the amount involved in the case and violations exposed in the past ten days alone exceeds 100 million US dollars. Who knows how deep the pit is?!"

"200000000?"

"300 million"

"And even more!"

"My God! I never imagined that Bernard Ebbers and the others would be so courageous. This, this, this is... to bring WorldCom into the abyss of eternal doom! "

The chairman, Dyna Shaw Annes, was ashen-faced.

After a whole day, he was almost completely in a state of rage, and even more of a panic!

The development of the matter has been completely out of his control.

In other words, he played off!

During the daytime today, the relevant departments of the United States and the Securities and Exchange Commission formally issued documents to WorldCom, announcing their formal intervention and entering into a deeper investigation of WorldCom; and the third-party auditing agency, KPMG, will take over at any time. All past accounts of WorldCom.

Chief Financial Officer Scott Sullivan, Auditor David Meyers, Chief Accountant Brownie...

Waiting for as many as ten people were summoned and taken away in the afternoon of the same day.

A storm is coming!

The elites on Wall Street are extremely excited!

Goldman Sachs, Merrill Lynch, Lehman Brothers, Morgan Stanley, and Bear Stearns are the leaders of the five major investment banks. Hundreds of small and medium-sized Wall Street investment banks, including Dafeng Capital under Zhu Ke's name, have mobilized large sums of money to enter the market.

cover up?

Hehe, there is no need at all!

"There's no need to hide at all!"

"Except for the employees and bondholders of WorldCom, no one cares about whether WorldCom can survive this catastrophe. We only need to know one thing, that is, it is profitable, and there are huge benefits!"

Wall Street money is in.

The same capital forces from Europe, Asia, Australia and other parties did not delay at all, and they allocated large sums of money and entered the market one after another.

Moody's, Standard \u0026 Poor's and Fitch International are known as the "three major international credit rating agencies in the world". With the gradual fermentation of the WorldCom scandal, the three major credit rating agencies also expressed their attitudes immediately.

Enterprise A-level credit rating...

To hell!

The three major credit rating agencies quickly downgraded WorldCom's credit rating, not to mention an A grade, not even a BBB or BB grade, but only a B grade.

"During my tenure, WorldCom's financial audit was absolutely clean, and I firmly believe that WorldCom will continue to exist as an industry leader and set the standard for latecomers."

—Bernard Ebbers.

This sentence originated on April 30, 2002,

Speech at the press conference when the former chairman of WorldCom Ebbers stepped down sadly.

With the scandal exposed, no one believed his words anymore.

At the same time, President Bush of the United States, who was in Canada attending the Summit of the Seven Western Countries, was furious and said that he would fully investigate the WorldCom case.

The sky is falling!

Everything is unstoppable like a tsunami!

Too fast, too fast, so fast that the former chairman of WorldCom, Bernard Ebbers, couldn't react. His hair turned gray overnight, and his beard also turned gray.

There is nothing he can do!

The representative of the "American Dream", who was born as a milkman, is panicking at the moment, or...desperate.

 …

Gale Capital.

"Andy!"

"Mr. Chelop!"

"President Chelop!"

At this moment, a group of executives and partners in Dafeng Capital gathered together.

CEO Andy Chelop looked around the crowd and said loudly: "I have obtained the full authorization of Mr. Wald, and I will be fully responsible for the affairs of WorldCom. Now, including the next month, everyone must obey me. s arrangement."

"Leave, vacation, and annual leave are all cancelled, and we will keep our posts waiting with 12 points of energy!"

The voice fell.

The chief data analyst, Ms. Claire, the vice president Thor Tasos, the senior partner Baront, and others all expressed their support.

CEO Andy Chelop said again: "In this meeting, I only want to say two points. First, we have two targets, namely WorldCom itself and Anda, who has been auditing accounts for WorldCom for a long time. letter accounting firm;”

"Secondly, the funds for this entry will be no less than 2 billion US dollars, and at the same time prepare a reserve of no less than 1 billion US dollars, so as to protect our profits to the greatest extent."

Everyone nodded immediately.

Thor Tasos, the vice president, said with a smile: "As a world-renowned accounting firm, Arthur Andersen is second only to PricewaterhouseCoopers, KPMG, and Deloitte. It is as famous as Ernst \u0026 Young. In the last Enron incident, Andersen was This time, WorldCom, if it really has a huge deficit, it is estimated that Andersen will definitely not be able to escape, and it is very likely that it will go bankrupt and close down."

As soon as these words came out, everyone was immediately happy.

Andersen?

In vain for a well-known accounting firm!

There was Enron before, and WorldCom later, the third-party financial audit of these two 100-billion giant companies was undertaken by Andersen!

The collapse of Enron, an energy giant, severely damaged the reputation of Andersen Accounting Firm, with a financial loss of up to 2 billion US dollars.

It survived!

But what about the Shitong incident this time?

"I also said, it's too bad!" Ms. Claire, the chief data analyst, laughed.

Therefore, this time, Dafeng Capital will not only target WorldCom, but also will not let Arthur Andersen go.

In the words of CEO Andy Chelop: "WorldCom, Arthur Andersen, let's do it together!"

Benefit!

Unimaginably huge benefits!

Everything turned into a delicious cake, waiting for a crowd of hungry and thirsty people to flock to it!

"" the second more.