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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.
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$lcev2.startup?p_qte_code=FRM&p_qte_pgm_code=0300
And before YOU comment with doubts or skepticism, I suggest that YOU verify or refute these facts.
There are some reputable accounting firms in this country (globally, actually). The most reputable firms are referred to as the "Big Four". Everyone in accounting and/or finance knows who they are. Then there are two additional large reputable national firms (BDO and Grant). When I initially saw the announcement that Manny Pacquiao chose VisionQwest to audit and manage his finances, I wondered why Manny (or , more likely, his people) chose this unqualified company.
There is not a single Fortune 500 company that uses VisionQwest. Not. A. Single. One.
VisionQwest is not among the leading accounting firms. Beyond that, VisionQwest is NOT even authorized (licensed) to perform external audit.
In fact, if you go to their website (and I invite you to do that), you will notice that their website is rife with misspellings. You would entrust your millions of dollars to people who can't proofread their own site? And, oh by the way, I've seen tumblr pages with more sophistication.
It would be laughable if it was not so sad.
So that I didn't pre-judge, I picked up the phone and called the accounting group myself. I asked a simple question, and was bounced to three different heavily-accented people in an attempt to get an answer to a BASIC (i.e simplistic, fundamental, elementary) financial question. The people on the phone (presumably bookkeepers?) had not even heard of the word.
It would be laughable if it was not so sad.
I'm not blaming Manny. On the contrary, somebody is pulling the flim-flam on Manny. Pac's team is NOT doing right by him, and SOMEBODY (other than Manny) is profiting from this.
Manny.... BE CAREFUL!!
California Board of Accountancy:
http://www2.dca.ca.gov/pls/wllpub/wllqryna$lcev2.startup?p_qte_code=FRM&p_qte_pgm_code=0300
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