First of all, I work in Finance. So, this is not speculation or unwarranted criticism. This is what I know and what I do.
And before YOU comment with doubts or skepticism, I suggest that YOU verify or refute these facts.
There are some reputable accounting firms in this country (globally, actually). The most reputable firms are referred to as the "Big Four". Everyone in accounting and/or finance knows who they are. Then there are two additional large reputable national firms (BDO and Grant). When I initially saw the announcement that Manny Pacquiao chose VisionQwest to audit and manage his finances, I wondered why Manny (or , more likely, his people) chose this unqualified company.
There is not a single Fortune 500 company that uses VisionQwest. Not. A. Single. One.
VisionQwest is not among the leading accounting firms. Beyond that, VisionQwest is NOT even authorized (licensed) to perform external audit.
In fact, if you go to their website (and I invite you to do that), you will notice that their website is rife with misspellings. You would entrust your millions of dollars to people who can't proofread their own site? And, oh by the way, I've seen tumblr pages with more sophistication.
It would be laughable if it was not so sad.
http://www.vqrginc.com/vq-accountancy-group.html
So that I didn't pre-judge, I picked up the phone and called the accounting group myself. I asked a simple question, and was bounced to three different heavily-accented people in an attempt to get an answer to a BASIC (i.e simplistic, fundamental, elementary) financial question. The people on the phone (presumably bookkeepers?) had not even heard of the word.
It would be laughable if it was not so sad.
I'm not blaming Manny. On the contrary, somebody is pulling the flim-flam on Manny. Pac's team is NOT doing right by him, and SOMEBODY (other than Manny) is profiting from this.
Manny.... BE CAREFUL!!
California Board of Accountancy:
http://www2.dca.ca.gov/pls/wllpub/wllqryna$lcev2.startup?p_qte_code=FRM&p_qte_pgm_code=0300
It would be laughable if it was not so sad.
I'm not blaming Manny. On the contrary, somebody is pulling the flim-flam on Manny. Pac's team is NOT doing right by him, and SOMEBODY (other than Manny) is profiting from this.
Manny.... BE CAREFUL!!
California Board of Accountancy:
http://www2.dca.ca.gov/pls/wllpub/wllqryna$lcev2.startup?p_qte_code=FRM&p_qte_pgm_code=0300
VISIONQWEST LEAVES MANILA WITHOUT MEETING PACQUIAO; LEGAL BATTLE LOOMS
By Eddie Alinea
PhilBoxing.com
Wed, 24 Aug 2011
VisionQwest CEO Michael Lodge.
The contract boxing idol Manny Pacquiao signed to acquire the services of Los Angeles-based VisionQwest accountancy firm has officially been terminated. At least as far as Team Pacquiao is concerned.
To VisionQwest president and CEO Michael Lodge, however, the issue is far from over as he intimated he intends to make true his earlier warning to seek legal remedy if he and his team fail to attain the purpose of coming to Manila. Lodge and his team of accountants and lawyers left in a huff after failing to seek an audience with the eight-division champion, who last week terminated the services of Lodge’s firm barely weeks after its consummation.
Lodge and company were hoping to meet with the Pacman in the hope of clarifying some issues in the unilateral withdrawal of authority to review all the past and future business and financial dealings the Sarangani Congressman gave the firm.
The last straw in Lodge’s efforts to save the deal came Tuesday evening when Pacquiao and his team, for the second straight day, failed to show up to meet its VisionQuest counterpart. “Manny refused to meet with our firm,” Lodge said in an email message sent to this reporter Tuesday night. We will fly back to the US tomorrow and take legal action.”
“No more games to be played. No further comments will be made,” Lodge vowed in his message as he refused to answer further questions by this reporter.
Lodge and his team arrived Manila Saturday and since then had hoped to speak with Pacquiao personally or his representatives.
A meeting set lasts Monday did not materialize, but Lodge hoped to finally meet with the boxer Tuesday to no avail. It was in his failure to see Pacquiao Monday when Lodge hinted of going to court probably feeling he and his team’s visit to the country would prove futile. “As you know, we are in the Philippines meeting with our counterpart in legal and accounting prior to our meeting with Manny,” Lodge said then.
Pacquiao’s hiring VisionQwest was borne by suspicion that the Filipino ring icon is being shortchanged in his purse in his previous fights as well as in payment for his commercials endorsements.
http://1.bp.blogspot.com/_Z9khwYrHu5U/S0_A_BYbb6I/AAAAAAAADuY/Pquya1k1VF8/s200/manny-pacquiao.jpg
OK.. so ONE MONTH after I posted this, it seems that Manny stormed out of VisionQwest's offices
http://media.tumblr.com/tumblr_lnh6cfXa6x1qbm5og.gif
It seems that Koncz is saying that VisionQwest "tricked" him.
http://img535.imageshack.us/img535/2438/saigonlaughinob.gif
There are shocking - SHOCKING - developments. Who could have ever predicted that Team Pacquiao would have problems with VisionQwest? :D
I told you so.
It would be laughable if it was not so sad.
I'm not blaming Manny. On the contrary, somebody is pulling the flim-flam on Manny. Pac's team is NOT doing right by him, and SOMEBODY (other than Manny) is profiting from this.
Manny.... BE CAREFUL!!
California Board of Accountancy:
http://www2.dca.ca.gov/pls/wllpub/wllqryna$lcev2.startup?p_qte_code=FRM&p_qte_pgm_code=0300
Pacqueers:
First of all, I work in Finance. So, this is not speculation or unwarranted criticism. This is what I know and what I do.
So that I didn't pre-judge, I picked up the phone and called the accounting group myself. I asked a simple question, and was bounced to three different heavily-accented people in an attempt to get an answer to a BASIC (i.e simplistic, fundamental, elementary) financial question. The people on the phone (presumably bookkeepers?) had not even heard of the word.
What question did you ask?
Are you sure you where not talking to a receptionist/clerk/secretary?
Why did you call them in the first place?
Dont tell me it was because you wanted to make a thread on Boxingscene.
It makes no sense. The same guys who claim not to care about the business side of boxing then turn around and complain that they're not seeing the fights they want.
Well, what's the PRINCIPAL reason that fights don't get made? Money. Business.
Preaching to the choir man.
I can understand not liking the business side interfering but to just not take it into consideration at all when it is really the biggest factor, I can just not understand that.
Hey I have tried to tell them the same stuff, I find sport business very interesting and I don't want any boxer to be taken advantage of, it is a hard living and they earned whatever they get. It sucks to see them get done like this.
What thanks did I get
"man you are a ***** for caring about what another man makes"
"you just hate Manny and are jealous"
"Floyd Floyd Floyd FloydFLoydFloyd, Mayweather, Floyd, FloydfloydfloydFloyd.............. Floyd Jr."
It makes no sense. The same guys who claim not to care about the business side of boxing then turn around and complain that they're not seeing the fights they want.
Well, what's the PRINCIPAL reason that fights don't get made? Money. Business.
http://animal.kukuchew.com/wp-content/uploads/2009/02/cow-milking.jpg
Gambler,
All I ever have to do is sit and wait. These Pacqueers know absolutely nothing about basic business.
I friggin' told them, but they argued and called me all types of childish names.
Hey I have tried to tell them the same stuff, I find sport business very interesting and I don't want any boxer to be taken advantage of, it is a hard living and they earned whatever they get. It sucks to see them get done like this.
What thanks did I get, for what they don't get or see~
"man you are a bitch for caring about what another man makes"
"you just hate Manny and are jealous"
"Floyd Floyd Floyd FloydFLoydFloyd, Mayweather, Floyd, FloydfloydfloydFloyd.............. Floyd Jr."
Arum's dream finally came true he got his Mike Tyson, I bet he calls Don King up to so they can have a good laugh about how they juiced a top boxing commodity for years.
http://animal.kukuchew.com/wp-content/uploads/2009/02/cow-milking.jpg
Gambler,
All I ever have to do is sit and wait. These Pacqueers know absolutely nothing about basic business.
I friggin' told them, but they argued and called me all types of childish names.
Arum's dream finally came true he got his Mike Tyson, I bet he calls Don King up to so they can have a good laugh about how they juiced a top boxing commodity for years.
I'm not blaming Manny. On the contrary, somebody is pulling the flim-flam on Manny. Pac's team is NOT doing right by him, and SOMEBODY (other than Manny) is profiting from this.
Manny.... BE CAREFUL!!
California Board of Accountancy:
http://www2.dca.ca.gov/pls/wllpub/wllqryna$lcev2.startup?p_qte_code=FRM&p_qte_pgm_code=0300
What did you say, Gino?
http://www.bootiemashup.com/blog/uploaded_images/vindication-726569.jpg
:rofl:
OK.. so ONE MONTH after I posted this, it seems that Manny stormed out of VisionQwest's offices
http://media.tumblr.com/tumblr_lnh6cfXa6x1qbm5og.gif
It seems that Koncz is saying that VisionQwest "tricked" him.
http://img535.imageshack.us/img535/2438/saigonlaughinob.gif
There are shocking - SHOCKING - developments. Who could have ever predicted that Team Pacquiao would have problems with VisionQwest? :D
lol......................................
OK.. so ONE MONTH after I posted this, it seems that Manny stormed out of VisionQwest's offices
http://media.tumblr.com/tumblr_lnh6cfXa6x1qbm5og.gif
It seems that Koncz is saying that VisionQwest "tricked" him.
http://img535.imageshack.us/img535/2438/saigonlaughinob.gif
There are shocking - SHOCKING - developments. Who could have ever predicted that Team Pacquiao would have problems with VisionQwest? :D
And people have been telling you, you're a dumb ass, with a whore mother, that should STFU, your whole life. Yet, you still don't listen. I hate it how people are so stubborn.
I also find it hilarious this idiot asks other people, why they care about ppv buys? Yet, makes a whole thread about Mannys accountancy firm.
Racist usually are idiots, so no surprises here.
Angry much?
The illiterate man has more money than a troll like you and all your welfare recipient family combined.
Don't be mad that you guys elected an illiterate congressman.
14y ago
VisionQwest, Manny's New Accountants, Is NOT - Repeat NOT - A Reputable Firm! | BoxingScene Community