Pacquiao terminates services of visionqwest; legal action forthcoming

Looks like Koncz and Arum win one again. Its a shame that at the highest levels of the sport we have fraudulent dealings. Seems like these types of situations are more prevalent in boxing than in any other sport. Pacquiao should of hired KPMG or one of the other big 4 to do the audit. Maybe they would of gotten to him before Koncs and Arum worked their spells. I made a thread about this a month ago. And Bob would not have tried to intimidate a real firm.

pactards.....about the Redk's....red is my favorite color....

Naive Pacman what a shame

all this drama is fucking hilarious. It's like a fucking action movie or something. I could see koncz trying to get to manny as fast as he can being parallel edited with some guys from visionqwest doing the same thing. Unfortunately, koncz gets to manny first while the visionqwest guys scream in their car, "nooooooooooooo!!!!!" but seriously, manny's a fucking idiot. He should have at least gotten visionqwest's side of the story but eh. Doesn't he realize that floyd and oscar left bob arum because of money? i faired visinqwest, u talk miii poomotor bab aram

All this drama is fucking HILARIOUS. It's like a fucking action movie or something. I could see Koncz trying to get to Manny as fast as he can being parallel edited with some guys from VisionQwest doing the same thing. Unfortunately, Koncz gets to Manny first while the VisionQwest guys scream in their car, "NOOOOOOOOOOOOO!!!!!" But seriously, Manny's a fucking idiot. He should have at least gotten VisionQwest's side of the story but eh. Doesn't he realize that Floyd and Oscar left Bob Arum because of money?

So he fired them? Are people assuming he fired them because Arum made him do it? Koncz brought manny a letter from Arum asking him to fire visionquest

Looks like Koncz and Arum win one again. Its a shame that at the highest levels of the sport we have fraudulent dealings. Seems like these types of situations are more prevalent in boxing than in any other sport. Pacquiao should of hired KPMG or one of the other big 4 to do the audit. Maybe they would of gotten to him before Koncs and Arum worked their spells.

There were 200 posts of how it was the RIGHT thing to hire VisionQwest 2 months ago. Now watch all the Pacqueers defend the decision to terminate VQ. So hypocritical. Gracias a Dios for the search feature. Bernardo, now that's hypocritical. C'mon man. Gracias a Dios there is a search feature primo. And, you know what I'm talking about. Shouldn't you be applauding Pac for this move? Because, of how "legit" visionquest is?

Attention BoxingScene: PLEASE take a more proactive stance with the news. Fight Hype is on top of things. Fight hype is not on top of things. Unless it's Floyd and Pacquiao crap. But, by all means overall boxing news. They're not on top.

http://www.fighthype.com/pages/content10576.html Despite Koncz denying our previous report regarding an effort to remove VisionQwest Resource Group from the services of Manny Pacquiao, it appears something indeed prompted the eight-division world champion to fire the company. FightHype.com just received an email from Michael Lodge, President & CEO of VisionQwest Resource Group, with the following statement: "Our office just received a letter via fax from Manny's attorney from Los Angeles terminating our services to Manny. We have forwarded the letter to our legal counsel to respond accordingly. As you know, there has been a lot of pressure upon Manny from outside sources to remove us from his accounting team." hahahaha koncz and arums letter LOL... All I can say about this situation is Pacquaio is an idiot and so are all the people, including Lem Satterfield, Ronnie Nathanielz and all the Pactards who believed the BS that Michael Koncz fed them about the original story being a lie.

Wow, funny how this happened right before Pac's meeting with VisionQwest. VisionQwest was said to have information regarding various discrepancies that they were going to present to Manny. Guess they were to slow cause Koncz and Arum got there first. Haha, Arum wins again. What a shame.

Pactards always get owned when they deny the truth. It creeps up on them like a ninja by surprise. It never fails. Why are you guys making a big deal about this? He fired a accounting services company. I guess you cant nail him for PED's so you pick the next thing that comes along?? And im a mayweather fan

do you work for Top Rank???:439: I wish! On a serious note; if you willingly sign a contract to give away a ridiculous amount of your purse, then what you deserve is what you get.

Sorry, should have made myself more clear. Posted edited. I'm unaware as to what VisionQwest were and were-not able to verify as I haven't seen that much on this story outside of the Fight Hype articles. What I was implying was that he realized he was paid correctly/money was accounted for when I said that his money was "more-or-less there," not that he actually had some large some of money hidden somewhere. do you work for Top Rank???:439:

That makes zero sense. With all due respect. How do you know if all your money is there , if you haven't verified the income. I need Boston Guy here, because you won't believe me because I'm a "pacquiao hater". But the nature of a complete audit is to verify the income and follow the flow of cash. Since VQ was never able to verify the topline, they could IN NO WAY tell you "if the money is all there". If you want to have a financial audit discussion, I'm prepared to engage. Sorry, should have made myself more clear. Posted edited. I'm unaware as to what VisionQwest were and were-not able to verify or what they were digging into in particular as I haven't seen that much on this story outside of the Fight Hype articles. What I was implying was that he did not find the gaping discrepancy he was looking for when I said that his money was "more-or-less there," not that he actually had some large some of money hidden somewhere.

(double post, sorry)

So he fired them? Are people assuming he fired them because Arum made him do it? that is a fact he just send kocz this week to do the dirty job....

manny fired those guys because they were trying to steal his moneys!!!!!!!! hahahahahahahaha pactards...

Here's my take on it. Manny realized he didn't have enough money to cover his overhead. He hired VisonQwest to look into his accounts, because surely he had a lot of money missing and someone had not paid him or ripped him off. Arum flipped out because he though Pacquiao was trying to find a way out of his contract, with missing money being his way out. Given the recent Roach quote and VisionQwest's firing, I'd suggest that Pacquiao discovered that his money was more-or-less there, he'd just spent all of it. So he said **** it; signed the JMM 3 contract, cut his losses and fired VisionQwest. That makes zero sense. With all due respect. How do you know if all your money is there , if you haven't verified the income. I need Boston Guy here, because you won't believe me because I'm a "pacquiao hater". But the nature of a complete audit is to verify the income and follow the flow of cash. Since VQ was never able to verify the topline, they could IN NO WAY tell you "if the money is all there". If you want to have a financial audit discussion, I'm prepared to engage.

So he fired them? Are people assuming he fired them because Arum made him do it? That is the positioning per Fight Hype. Which would seem to be of dubious credibility, except for the fact that they have been oddly prescient at every step. It is clear that they have an informant within Camp Pacquiao.