Pacquiao Hires a Company to Audit Top Rank

[skillswin]

pacquiao is so dumb.......

[sdcluser]

Damn...

Cats have been saying for the longest that Arum was screwing him out of his money.

Check the script - http://*******.com/pacquiaotoprankaudit

Might have a better chance with FBI.

[reyes86]

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

[Gino Ros]

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 ******? 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 **** A LOT

[Pacquiao'd]

look for pacroid to leave Top Prank soon and Arum will start ****ting on Juiceman like he does floyd

[Pin Galarga]

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

[Gino Ros]

look for pacroid to leave Top Prank soon and Arum will start ****ting 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.

[borgata]

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 ******? 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 **** A LOT

Pwning *******s on the daily here at boxing scene, dont forget to tip your waiters!

[MindBat]

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 ******? 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 **** 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."

[RajahBell]

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.