Jarwick was clearly very unhappy with this unexpected arrival from the mainland.
He squinted, as if he wanted to nail Wu Changfeng to the sofa.
Jarwick was somewhat frightened. Why would he know such a confidential matter?
Who leaked the information?
That shouldn't be happening!
The few people in the know are all stakeholders; isn't this digging their own grave?
Jarwick had to admit that what Wu Changfeng said was true.
Moreover, the situation is even more serious than it is now.
Since Enron discovered that it could easily make money on the stock market, its real business has become a shell company.
In other words, physical business operations, such as natural gas transportation, are no longer Jarwick's concern.
As long as the company's stock keeps rising, it's much easier and faster to make money than working hard in the real economy.
You can just make up fake reports in the office.
In any case, it's the stock market investors who get the profits.
However, there is a problem here: the China Securities Regulatory Commission (CSRC) does not allow this to be done. Financial fraud is a very shameful thing, and once it is discovered, the consequences are unimaginable.
But Jarwick has only been involved in financial fraud for a short time, and it's not time for him to make big money yet, so why is he jumping out like this!
What a hassle!
Jarwick spread his hands, about to explode in anger, but held back: "Sir, do you have any evidence?"
Wu Changfeng chuckled and said, "No evidence is needed. I just need to report it. The China Securities Regulatory Commission will definitely replace Andersen Accounting Firm. At that time, everything will come to light."
"Operating in secrecy, transferring debts and bad debts to branch offices."
Enron exploited significant loopholes in its financial auditing to conduct clandestine transactions and "insider trading."
"Using the lifting of business restrictions and leveraging political power to protect themselves."
"They keep creating reports of a business downturn, misleading investors and the public."
Wu Changfeng knew that in later generations, the United States had five major accounting firms.
Arthur Andersen was Enron's partner, responsible for auditing its finances.
To put it bluntly, Arthur Andersen should remain neutral and conduct unbiased audits of the listed company's assets.
However, there are currently insider deals between the two companies, with Arthur Andersen responsible for beautifying Enron's financial statements.
After the Enron scandal, the number of accounting firms in the US dropped from five to four.
Arthur Andersen was implicated by Enron and went bankrupt.
Jarwick chuckled upon hearing Wu Changfeng's words: "Just as you thought, you've underestimated Anran Company too much."
Jarwick, on the contrary, felt relieved and decided to switch firms?
That depends on whether the China Securities Regulatory Commission (CSRC) has the capability.
You should know that you have powerful backers and have already taken precautions against potential risks.
Wu Changfeng sipped his coffee and clicked his tongue: "Maybe you're fearless, but you made a mistake. You shouldn't have offered money to the political arenas of two countries. Offering money sounds nice, but to put it bluntly, it's bribery."
"I don't believe the Americans would remain indifferent to the fact that the British Empire is involved in your affairs."
In fact, the impact of the Enron scandal went far beyond these points.
Not only did Anxinda go bankrupt, but it also triggered the scandal involving telecommunications giant WorldCom.
WorldCom subsequently declared bankruptcy, replacing Enron as the largest bankruptcy in history.
Citigroup, JPMorgan Chase, Bank of America, and others also paid $2 billion, $2.2 billion, and $69 million respectively in compensation to victims of the Enron bankruptcy due to alleged financial fraud.
The extent of the damage shocked the American mother for a whole year.
The Enron scandal led to the Sarbanes-Oxley Act, which is considered the most significant amendment to U.S. securities law since the 1930s.
After Wu Changfeng finished speaking,
Jarwick's cup instantly fell to the ground.
The strong coffee spilled all over the floor, just like his mood at that moment.
he!
How did you know about the "Sun Never Sets" thing?
This is fucking bizarre!
Jarwick was terrified at that moment.
What Wu Changfeng said is true. Financial fraud is already a very serious matter, a deadly donation!
An American donating money to the British Empire is enough for the Securities and Exchange Commission to suspect them.
Just one question: What is the motive?
This one thing alone is enough to make things very difficult for me!
The idea of silencing him arose in Jarwick's mind.
Anyway, he was from mainland China, so his body was dumped in the sea and no one cared.
However, Wu Changfeng spoke again: "Mr. Jarwick, don't try to destroy us physically. Actually, I have no intention of taking you down with me."
Jarwick, on the contrary, relaxed: "Oh, so you want some benefits, right? Can we talk about how much? As long as you keep quiet, anything is negotiable."
Wu Changfeng nodded with satisfaction: "I have absolutely no interest in how Anran Company makes money or how it makes money. At the same time, I am not interested in hush money either."
Jarwick tensed up: "So what do you want? Are you just here to make fun of me? Is $500,000 enough? I hope you take the money and keep this secret forever."
Wu Changfeng shook his head: "I don't want money or power. I want to cooperate with your company."
"Cooperation?" This question surprised Jarwick. "You also want to follow our stock market and use insider information to buy and sell stocks?"
“No.” Wu Changfeng took a deep breath: “I want Anran Company’s complete technology for natural gas pipeline equipment.”
"ah?"
Jarwick was completely dumbfounded.
What is that?
The complete set of technologies?
What do you need this for?
It seems like he has a serious illness!
You don't want cash, but you want technology?
Jarwick's mind raced; he had a fairly good understanding of technology.
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