VisionQwest, Manny's New Accountants, Is NOT - Repeat NOT - A Reputable Firm!

[loui_ludwig]

People here are talking financial concepts. Sorry that we're operating over your head.

But if you have relevant points, please join in.

So what if i don't know about the financial business. It bothers you what firm Pac chooses to handle his finance.

[Kenny MF Powers]

So what if i don't know about the finance business. It bothers you what firm Pac chooses to handle his finance.

Just conversation. Relax...

[Gino Ros]

So what if i don't know about the financial business..

Be quiet. You've admitted your ******ity.

[Jim Tom]

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

What question did you ask these guys?

[russtnailz]

Newsflash - Manny aint a fortune 500 company, or a publically listed corporation so why does he need to go to the big four for his accounting? People with a lot more money than him use accountants far more obscure

Another thing, why should the guy on the other end of the phone answer questions from a random nobody? Why would it be bookkeepers answering? More likely a secretary, why should they know **** about finance?

Bottom line - None of your business

[adamk1304]

This is a ****ing boxing forum, the idiots on here who are obsessed with the money fighters make and how they deal with it should be banned.

[jrosales13]

This is a ****ing boxing forum, the idiots on here who are obsessed with the money fighters make and how they deal with it should be banned.

Co-sign....

[russtnailz]

If you are so financially savvy then provide some evidence that manny generates hundreds of millions dollars a year, I would be surprised if he's made 100m in his entire career, He aint Rockefeller

[Gino Ros]

Newsflash - Manny aint a fortune 500 company, or a publically listed corporation so why does he need to go to the big four for his accounting? People with a lot more money than him use accountants far more obscure

Yes. They use accounting firms. Is VisionQwest a CPA firm?

Answer that.

[Jim Tom]

This is a ****ing boxing forum, the idiots on here who are obsessed with the money fighters make and how they deal with it should be banned.

Boxing as a sport has the business side this is why we have so many threads.If you don't like the business side of the game go to other threads,i'm not sure the thread starter is holding a gun on your forehead forcing you to contribute.