Hollywood Starts with Animation

February 3, 2002.

9 o'clock in the morning.

Zhuke took a rare day off for himself today. He stayed quietly at home. He didn't go anywhere and didn't want to worry about any work. He just sat on the sofa in the living room and watched TV.

Well, with an extra cup of tea.

Nowadays, Zhu Ke, who is wealthy and wealthy, can still enjoy it occasionally.

Da Da Da~

There was a brisk footstep.

Jonathan Lewand, the core member of the security team that maintains Zucker, walked in with a copy of the "Enterprise" in his hand.

"Do you buy things back?" Zhu Ke asked with a smile.

"of course."

Jonathan Lewand said: "The Enterprise is a niche media newspaper with a low circulation. I ran three streets before I bought it in a convenience store."

Zhu Ke nodded and smiled: "The "Enterprise" is quite niche, but its news is quite accurate, and I am going to acquire it in a while."

Jonathan Lewand smiled and stood alone.

He is a security officer, and he is also a core personnel, and he naturally has to maintain Zhu Ke's personal safety at all times. After all, the annual security costs of millions of dollars are not for nothing.

"Well, it's the new issue of Enterprise News. Let me see if WorldCom's financial report has been released." Zhu Ke muttered to himself.

WorldCom is an American communications company headquartered in Virginia.

It has decades of history and has experienced the ups and downs of the American telecommunications industry for half a century. It has promoted the process of antitrust legislation in the United States, which led to the spin-off of the unicorn in the telecommunications industry of AT&T (American Telephone and Telegraph Company);

WorldCom was once the second largest long-distance telephone company in the United States after AT&T!

The market value is hundreds of billions of dollars!

but......

As for Zhu Ke as a traverser, he knew that WorldCom had a problem!

This telecommunications giant with a market value of more than 100 billion U.S. dollars is about to collapse in the near future, completely becoming history, and becoming the second largest bankruptcy case in the history of the United States.

In 2008, Wall Street giant Lehman Brothers;

In 2003, the telecommunications giant WorldCom;

In 2002, the energy giant Enron;

The bankruptcies of the above three companies are collectively referred to by economists as the three major bankruptcies in the United States!

Lehman Brothers, one of the top five investment banks on Wall Street, let’s leave aside...

As of the first quarter of 2002, the telecommunications giant WorldCom had total assets of more than US$100 billion and debt of US$31 billion. The size of bankruptcy involved was twice that of Enron, which filed for bankruptcy in December 2001, and was in January 2002. HGC’s bankruptcy case is four times larger, making it the third largest corporate bankruptcy case in the history of the United States.

"Global Telecom went bankrupt not long ago, and I did not make a timely layout. As a result, Dafeng Capital's income was only more than 30 million U.S. dollars."

"It's quite a pity!"

That's right!

At the end of 2001 and the beginning of 2002, Zhu Ke’s main energy and the main working capital of Dafeng Capital were basically placed on Enron. The layout lasted for 8 months and invested countless manpower, Material and financial resources.

Of course, the result is very good!

Dafeng Capital successfully earned $2.6 billion in the Enron incident!

This profit figure may not be as good as the annual profit of the five major investment banks on Wall Street, but it absolutely tops 90% or more of the investment banks. This adds a brilliant performance to Dafeng Capital, making Dafeng Capital a star enterprise on Wall Street.

However, in the case of Global Communications' bankruptcy in January 2002, Zhu Ke... had more than one heart but was lacking in energy.

Who let Dafeng Capital enter the market too late? !

"I missed Global Telecom, WorldCom, one of the three major bankruptcies this time, I said I can't miss anything."

Zhu Ke bought "Enterprise News" for the first time to see WorldCom's financial report!

The first thing that catches the eye is the financial report of WorldCom for the fourth quarter of 2001.

——87 million US dollars!

WorldCom’s profit in the fourth quarter was only US$87 million, down 67% year-on-year in 2000. The total profit for the whole year of 2001 was US$1.4 billion.

The total profit for a year is 1.4 billion U.S. dollars, which seems to be a far cry from its market value of hundreds of billions of dollars.

However, you have to know that WorldCom invested more than US$3 billion in fixed assets in the second half of 2001, and the balance between the two led to a substantial decrease in its profitability.

WorldCom Chairman Bernard John Ebers said in an interview: "WorldCom’s revenue in the fourth quarter has dropped significantly. As managers, we are absolutely responsible, and I will not shirk responsibility, but I have I am confident that in the first quarter of 2002, WorldCom’s profitability has recovered to more than US$100 million."

The market still recognizes WorldCom.

Standard & Poor's, Moody's Investor Services, and Fitch International Credit Co., as the world's three major credit rating companies, have the lowest credit rating for WorldCom, which is also at the A level, which belongs to the category of high-quality stocks.

Quality stocks?

Credit rating above A?

Annual profit exceeds 1.4 billion U.S. dollars?

......

Looking at the "Enterprise News" review article about WorldCom, Zhu Ke couldn't help but let out a hearty laugh.

fake!

All are fake!

In the collapse of Enron, the company’s management and financial staff made false statements and false profit reports. The same is true for WorldCom!

Don’t forget, Zhuke came here with a golden finger system!

Through the information given by the system, Zhu Ke knew that WorldCom's fraudulent reporting of profits was even more excessive than Enron, especially better!

Year 2003:

The chairman of WorldCom admitted: "Only in terms of inflating and exaggerating the profits of foreign financial reports, the amount of such fraud is as high as 1.635 billion US dollars."

The number is so big that it is staggering.

But is the truth really only $1.635 billion?

of course not!

Spokespersons for the Securities and Exchange Commission of the United States of America and the Department of Justice said: "Only in terms of inflating and exaggerating the profits of external financial reports, WorldCom has a problem of up to 3.8 billion U.S. dollars."

Okay~ Even in court, Bernard John Ebers, chairman of WorldCom, is still not frank enough~www.novelmtl.com~ has concealed some of the facts.

Is it only $3.8 billion?

A week later, a number of media jointly broke the news: "It was discovered that in the two years from 1999 to 2001, WorldCom's fictitious revenue reached more than 9 billion U.S. dollars; as of the end of 2003, the company's total assets had been inflated by approximately 11 billion. US dollars."

Ha ha!

The amount is so high that it far exceeds the data given by the Securities and Exchange Commission!

This shows what?

It shows that someone inside the Securities and Exchange Commission, or someone from a higher level, is covering up for WorldCom.

This also caused a lot of political scandals at the time!

Phoo~

After reading the contents of the newspaper in one breath, Zhu Ke stretched his body and smiled: "I didn't make a small profit in the bankruptcy of Enron. This time, WorldCom has to make a lot of money."

"" The second update is sent.