Extraordinary Genius

1086. Chapter 1086 This is evidence

Feng Yu After the map cannon was released, Nasdaq’s stock fell faster, and many people are checking, Feng Yu said the blue chip company that made false accounts.

At this time, Enron Corporation executives began to panic, others did not know which Corporation Feng Yu said, but they are clear.

These executives, at this time, through the internal news of the Corporation, a lot of speculation on the stock of their own company, thus making a crazy profit. Even some executives are willing to borrow money to stocks, because they are too good to earn.

Enron Corporation’s chief financial officer also secretly set up an investment relationship with friends, using the hundreds of millions of dollars raised to speculate on Enron Corporation’s stock, anyway, they are steady.

Investors who bought the Enron Corporation stock without their knowledge would have to pay for these mistakes.

At this time, they are still fortunate that the Enron Corporation’s business will not be discovered, so many people have not found out, how can Feng Yu find out?

They are Enron Corporation, but the most innovative company selected by Fortune magazine for several years. This year, it was named the best employer of 100 in the United States. Looking at the luxurious office decoration of the Corporation, many people are envious. .

Under these beautiful appearance packaging, who can know that there is a problem with our Corporate Finance? “Fortune” magazine does not know, Feng Yu knows what?

He is definitely not us, and it is Microsoft. After all, Feng Yu is Microsoft’s former board member and shareholder. If Feng Yu discovered Microsoft’s financial fraud, how was he kicked out of Board of Directors?

Well, it must be like this!

……

The reporters couldn’t interview Feng Yu, so Jack took the opportunity to make an appointment and wanted to get an exclusive interview, even if it was just a telephone interview.

To his surprise, Feng Yu even promised!

The TV station immediately began to publicize the incident and said that the interview recording was broadcast immediately after the interview. At the same time, it began to sell resale rights with major media, and once to make a profit.

“Mr. Feng, hello, I am Jack, remember me?”

“Of course, remember that it didn’t take long before the last interview?” Feng Yu said with a smile.

“It is my pleasure to be remembered by one of the world’s top richest and one of the most talented investors. Mr. Feng, today’s interview, mainly to ask, you said last time that there is a corporate finance in the blue chip. Is it fake?”

Jack inner heart is yelling, answering yes, answer quickly.

“Yes.”

Jack resisted the excitement of inner heart and continued to ask: “So I can ask, which is the Corporation?”

“Of course, it’s Enron Corporation,” Feng Yu replied.

He has already ordered people to sell stocks of Enron, and now Enron’s stock has fallen, just in line with his interests. And Enron’s stock price plummeted, causing investors’ distrust of the entire US Stockmarket. Blue chip stocks have this problem, let alone other organizations.

Once the crisis of trust occurs, it is not so easy to settle.

The TV station at the top of the phone is completely dumbfounded. Which Corporation? Enron Corporation ? How can this be!

Enron Corporation’s executives also announced yesterday that Enron’s share price would double, which would bring lucrative returns to investors. Today, Feng Yu said that Enron Corporation is the financially fraudulent Corporation?

“Mr. Feng, you said so, is there any evidence?” Jack’s voice was a little trembling.

“Do you know finances? Do you know the law of Benfu? That is to say, from the data obtained from a bunch of real life, the probability of the number headed by 1 is about 30%, and the probability of the number headed by 2 is about 17.6%, the probability of the number led by 3 is about 12.5 percent… And the financial data published by Enron Corporation obviously does not comply with this law, so it is inevitable that their financial data will be Falsified!”

Jack and the other TV executives looked at each other and looked awkward. What is Feng talking about? Benfu’s law? They are completely unclear about the probability of the problem.

It was also the prince of Yingchang, who immediately called the chief financial officer of the TV station to let him explain why this law of blessing is reliable. Don’t report them out, but it becomes a joke, then you have to bear the anger of Enron Corporation!

“Okay, I still have something, this interview will end.”

Feng Yu hangs up the phone, the leader of the TV station is surrounded by the chief financial officer, the chief financial officer nodded, this Benfu law has certainly heard of it, but this does not seem to be evidence?

So they consulted some professional financial personnel and auditing organizations, only to know that Benford’s law has not been widely adopted, but it is indeed an effective means of auditing. If you modify the data, it is very likely to be detected.

After the interview, the live broadcast, how can the TV station do this, it is just talking about it. They contacted other media, sold the rights to broadcast and reprint, and prepared to make a series of programs on the phone.

Of course, you can earn more by inserting some advertisements during the period.

……

“Feng Yu said that Enron Corporation is the financial fraud organization in his mouth!”

“Enron Corporation’s financial fraud, Feng Yu said there is evidence!”

“Enron Corporation’s finances do not comply with Benford’s laws, which is evidence!”

……

Feng Yu once again occupied the headlines of many newspapers, and his telephone interviews were once again broadcast by many media, so that more people know.

Some people believe, but more people still don’t believe it. Even many people do not know this so-called Benfu law. Is there any probability of this data?

It’s just Feng Yu said, of course, not enough to serve the public, after all, Feng Yu is not a professional financial staff. However, Feng Yu also invited two famous professors from Harvard Business School in the United States to give them a written statement that Enron Corporation’s financial statements do not meet Benford’s law, and must be fraudulent!

After the publication of these two professors’ articles, they were quickly reprinted by many media. The two of them used their own personality and God’s guarantee. What they said is true. Enron Corporation is indeed financially fraudulent!

This time, caused an uproar.

As a blue-chip stock, Enron Corporation stock began to fall, and all investors began to sell Enron Corporation shares, and even include Enron Corporation executives.

They are too aware of the authenticity of the news. Once it is checked, the facts can never be concealed.

And the same lose one’s head out of fear is Citibank, **********, etc. They have frequent financial contacts with Enron Corporation, and they are really unclear about Enron Corporation’s financial problems?

……

The cold is too uncomfortable, the whole person is not motivated, but also sleepy~~