Pacquiao Hires a Company to Audit Top Rank

Pretty much, must have some skeletons in the closet that Arum threatened to expose, or maybe threats to his life who knows. Getting the audit was the right step. Being punked into stopping it, tells you all you need to know. Pacman must continue to bend over and get packed. Bend 'em Over Bob, doing his thing. Bob doesn't even have the common courtesy to give Manny a reach around. Just packs PAC! No wonder PAC is so Full of Sht, Bob parks it deep!

PAC loves getting shafted! Poor Manny. Bob owns his Pinoy ass!!! Pretty much, must have some skeletons in the closet that Arum threatened to expose, or maybe threats to his life who knows. Getting the audit was the right step. Being punked into stopping it, tells you all you need to know. Pacman must continue to bend over and get packed.

PAC loves getting shafted! Poor Manny. Bob owns his Pinoy ass!!!

and he still stayed?

Mayweather has been following Manny's money issue very closely: "Like Pacquiao needs to, before you worry about facing me, First off all you need to get your business in order, Get your business in order first." - Mayweather Pacquiao's mishandling of his finances is preventing the mega fight from happening. This fight ain't happening folks, illiterate Pacquiao will never have his finances in order.

There are several things going on here. And my guess is that Arum has been careful in his long-term deception of the illiterate congressman. He likely has civil exposure if Manny ever grows a set of balls...but not criminal exposure. It has already been proven that Arum took a year to pay Pacquiao for the Cotto fight. That's a fact. You better believe that in the meantime, Arum was earning a buttload of interest on Pacquiao's money, and Bob didn't share that interest. Arum has made conflicting/misleading/erroneous reports to the media about what Pacquiao gets paid for his fights. And when you try to verify those with the NSAC, you find out that the TRUE number is a fraction of what Arum claims. For example, Bob has been claiming that Pacquiao makes "$12 million guaranteed" or "$20 million guaranteed". Then, when you ask the commission, you find that Pacquiao REALLY makes $6-8 million per fight. REALLY. Now, if Bob violates a contract with Manny, that is a civil issue. UNLESS he then mails false financial statements etc, and I believe* that is a violation of the UCC and that becomes a federal offense for which the FBI can get involved. I'm fairly certain that John McCain would be a supporter of an investigation into any promoter doing that. Nonetheless, there is a reason why Arum doesn't want Manny hiring outside auditors. Honest people WANT audits, because it further builds trust and reinforces their reputation for integrity. Only slipshod or guilty people avoid or refuse audits. Now, the idiotic midgets who follow Pacquiao around have said "Arum just tells the commission a lower number to avoid taxes". Reallly? Are you that stupid? Arum will announce to the world that Manny is guilty of tax evasion? Use your brain. Wouldn't it make more sense that Arum writes a contract for a lower amount and then pays Manny off-balance sheet WITHOUT announcing a higher figure? Why would you ANNOUNCE that you have two sets of books? Remember, Golden Boy exposed Arum's ripoff tactics vis-a-vis Pacquiao in the lawsuit that GBP filed (fraudulent accounting, inflated expenses, understated sponsorship revenues, etc). But Pacquiao has a 3rd grade education (at best) and he didn't understand any of it. This is the same illiterate street urchin who thought that he could simultaneously sign and take money from two promoters. I have told you for years that Arum was ripping off Pac. And here it is. I told you that the VisionQwest hiring was a disaster. It lasted a month. I told you that Mayweather is making 3x the money vs the same opponents. That is a documented fact. *Business Law was at 8:30am.... I slept through that sh!t A LOT You've been drawing attention to this issue for the longest, and yet the mental midgets call you names when the truth is exposed. Guess what excuse they'll come up with when Floyd beats Manny ... "Manny wasn't there mentally. He was going through money issues when Floyd got him."

There are several things going on here. And my guess is that Arum has been careful in his long-term deception of the illiterate congressman. He likely has civil exposure if Manny ever grows a set of balls...but not criminal exposure. It has already been proven that Arum took a year to pay Pacquiao for the Cotto fight. That's a fact. You better believe that in the meantime, Arum was earning a buttload of interest on Pacquiao's money, and Bob didn't share that interest. Arum has made conflicting/misleading/erroneous reports to the media about what Pacquiao gets paid for his fights. And when you try to verify those with the NSAC, you find out that the TRUE number is a fraction of what Arum claims. For example, Bob has been claiming that Pacquiao makes "$12 million guaranteed" or "$20 million guaranteed". Then, when you ask the commission, you find that Pacquiao REALLY makes $6-8 million per fight. REALLY. Now, if Bob violates a contract with Manny, that is a civil issue. UNLESS he then mails false financial statements etc, and I believe* that is a violation of the UCC and that becomes a federal offense for which the FBI can get involved. I'm fairly certain that John McCain would be a supporter of an investigation into any promoter doing that. Nonetheless, there is a reason why Arum doesn't want Manny hiring outside auditors. Honest people WANT audits, because it further builds trust and reinforces their reputation for integrity. Only slipshod or guilty people avoid or refuse audits. Now, the idiotic midgets who follow Pacquiao around have said "Arum just tells the commission a lower number to avoid taxes". Reallly? Are you that stupid? Arum will announce to the world that Manny is guilty of tax evasion? Use your brain. Wouldn't it make more sense that Arum writes a contract for a lower amount and then pays Manny off-balance sheet WITHOUT announcing a higher figure? Why would you ANNOUNCE that you have two sets of books? Remember, Golden Boy exposed Arum's ripoff tactics vis-a-vis Pacquiao in the lawsuit that GBP filed (fraudulent accounting, inflated expenses, understated sponsorship revenues, etc). But Pacquiao has a 3rd grade education (at best) and he didn't understand any of it. This is the same illiterate street urchin who thought that he could simultaneously sign and take money from two promoters. I have told you for years that Arum was ripping off Pac. And here it is. I told you that the VisionQwest hiring was a disaster. It lasted a month. I told you that Mayweather is making 3x the money vs the same opponents. That is a documented fact. *Business Law was at 8:30am.... I slept through that sh!t A LOT Pwning pactards on the daily here at boxing scene, dont forget to tip your waiters!

look for pacroid to leave Top Prank soon and Arum will start sh*tting on Juiceman like he does floyd Nah. After Pac leaves, Bob will stay silent. Oscar's fans and Floyd's fans have lives. Arum knows that Manny's legions of midgets have nothing better to do than harass people on the internet and through the mail. Bob doesn't want the hassle. Pac fans are the kings of passive-aggressive protest.

OH OH, After that auditor I can see it coming. I smell the Lieyer, I mean the Lawyer been sued .. again.

Might have a better chance with FBI. There are several things going on here. And my guess is that Arum has been careful in his long-term deception of the illiterate congressman. He likely has civil exposure if Manny ever grows a set of balls...but not criminal exposure. It has already been proven that Arum took a year to pay Pacquiao for the Cotto fight. That's a fact. You better believe that in the meantime, Arum was earning a buttload of interest on Pacquiao's money, and Bob didn't share that interest. Arum has made conflicting/misleading/erroneous reports to the media about what Pacquiao gets paid for his fights. And when you try to verify those with the NSAC, you find out that the TRUE number is a fraction of what Arum claims. For example, Bob has been claiming that Pacquiao makes "$12 million guaranteed" or "$20 million guaranteed". Then, when you ask the commission, you find that Pacquiao REALLY makes $6-8 million per fight. REALLY. Now, if Bob violates a contract with Manny, that is a civil issue. UNLESS he then mails false financial statements etc, and I believe* that is a violation of the UCC and that becomes a federal offense for which the FBI can get involved. I'm fairly certain that John McCain would be a supporter of an investigation into any promoter doing that. Nonetheless, there is a reason why Arum doesn't want Manny hiring outside auditors. Honest people WANT audits, because it further builds trust and reinforces their reputation for integrity. Only slipshod or guilty people avoid or refuse audits. Now, the idiotic midgets who follow Pacquiao around have said "Arum just tells the commission a lower number to avoid taxes". Reallly? Are you that stupid? Arum will announce to the world that Manny is guilty of tax evasion? Use your brain. Wouldn't it make more sense that Arum writes a contract for a lower amount and then pays Manny off-balance sheet WITHOUT announcing a higher figure? Why would you ANNOUNCE that you have two sets of books? Remember, Golden Boy exposed Arum's ripoff tactics vis-a-vis Pacquiao in the lawsuit that GBP filed (fraudulent accounting, inflated expenses, understated sponsorship revenues, etc). But Pacquiao has a 3rd grade education (at best) and he didn't understand any of it. This is the same illiterate street urchin who thought that he could simultaneously sign and take money from two promoters. I have told you for years that Arum was ripping off Pac. And here it is. I told you that the VisionQwest hiring was a disaster. It lasted a month. I told you that Mayweather is making 3x the money vs the same opponents. That is a documented fact. *Business Law was at 8:30am.... I slept through that sh!t A LOT

This is turning out to be a modern day King & Chavez love story.

Damn... Cats have been saying for the longest that Arum was screwing him out of his money. Check the script - http://tinyurl.com/pacquiaotoprankaudit Might have a better chance with FBI.

pacquiao is so dumb.......

Enter Gino Ross.... "Gino Ros is an idiot... what does he know about accounting and finance?" I won't even gloat. :D I'm just glad that the illiterate congressman hired a LICENSED firm this time to do the work. Although it appears that license recently expired: http://www2.dca.ca.gov/pls/wllpub/WLLQRYNA$LCEV2.QueryView?P_LICENSE_NUMBER=408&P_LTE_ID=781

HAHAHA, one of the founders? He got closed down by the SEC(Securities and Exchange Commission ) and his whole firm closed and he "resigned" http://www.jckonline.com/2008/06/24/taylor-ireland-leave-house-taylor So they were good enough to catch one of their Senior men, if that's what this implies. He could have resigned for personal reasons, couldn't open the link.

He should just get an internal audit done by PwC. It would cost a sh*t ton, but it may prove to be worth it, IMO.

Tanner Mainstain Blatt & Glynn , Tanner, Mainstain , Blatt & Glynn An Accountancy Corporation 10866 Wilshire Boulevard # 10 Los Angeles, CA 90024-4350 map Los Angeles-Long Beach, CA Metro Area Phone: (310) 446-2700 About Tanner Mainstain Blatt & Glynn Is this your company? Claim This Profile Tanner Mainstain Blatt & Glynn in Los Angeles, CA is a private company categorized under Certified Management Accountants. Current estimates show this company has an annual revenue of $10 to 20 million and employs a staff of approximately 50 to 99. Companies like Tanner Mainstain Blatt & Glynn usually offer: Accountant, Business Accountants, Find Accountants, Management Accountants and Small Business Accountants. Oh god, looks like Pactard hired a $hitty CPA firm. 10 to 20mil is NOTHING for 100 employyes. He coulda hired a TOP 5 firm with billions in sales, those are legit. The "Top Firm" would probably subcontract it out to a fiern like this which is a mid range, respectable firm. The comment about 50-99 employees means that they likely have UP TO 50 full or part time employees, and take on another 50 during Tax season, just to do the extra work. If they have 50 regular employees they are NOT small. And MannyP would probably reserve the employment of one of the top partners.

He hired these guys: https://www.amiassetmanagement.com https://www.amiassetmanagement.com/AMIASSET/web/me.get?web.home https://www.amiassetmanagement.com/AMIASSET/web/me.get?web.websections.show&SCH5272_288 Their website looks like COMPLETE DOODOO. Ima do some digging on these cats Looks like standard information about a high-end firm to me. Nothing out of the ordinary. ThIs is probably from their website. A kind of "up-front" advertising.

I'd say a breakup is all but done now between Manny and Bob. I bet you're wrong.

Damn... Cats have been saying for the longest that Arum was screwing him out of his money. Check the script - http://tinyurl.com/pacquiaotoprankaudit I think youm have it wrong my lad. Pacquiao has nothing to do with the business workings of Top Rank, and audited acoounts are top Secret. Whta he may have done is to hire a firn to check over (a sort of audit) his contracts with Top Rank, and the funds derived from each fight, and any other activity which involves Top Rank. Top Rank would undoubtedly give him access to HIS monetary relationship with them.