Sunday, March 16, 2008

"Drawn" $74,4 billion WorldCom totaled of the machinations of its leaders


The previous leaders of the American corporation OF THE MCI (been WorldCom) placed world record on the transformation of losses into the profit. Second largest operator of the long-distance communication OF THE USA pririsoval in its accounting $74,4 of billion nonexistent profit in order to hide losses in $64,5 billion from the shareholders and the partners.

The most important bankrupt in the history OF THE USA now officially can be considered as the most important corporate swindler. On Friday OF THE MCI were directed into the commission for securities and exchanges total materials on business WorldCom, including the audded financial reports for the years 2000 - 2002 profit to the payment of taxes in 2000 and 2001 it was reduced on $74,4 billion.

On the wave of telecommunication boom in 1999 action WorldCom cost $74, and market capitalization reached $185 billion. But already in the following year, as fresh data OF THE MCI testify, company incurred loss in $48,9 billion (in the account it was indicated profit in $4,6 billion). But this falsification did not rescue WorldCom, and in 2001 company again drew profit in $2,1 billion instead of the real loss in $15,6 billion.

WorldCom, in particular, fanned profits, artificially understating the expenses (volume of such machinations it composed $4,8 billion). For example, the current expenses, which must be immediately read from the incomes, were considered as the capital the consumption, which can be copied for many years. But disturbances in the calculation with the absorptions composed $5,8 billion. In order not to spoil its financial indices, WorldCom in 2000 - 2001 it did not begin to overestimate the active memberships purchased previously, although already then it was obvious that they strongly fell in price because of the collapse in the sector of technologies and tele-communications. Now THE MCI declared about the writing off of active memberships on $59,8 billion.

The facts of the distortion of accounting of corporation were revealed during June 2002, and already during July company declared about bankruptcy. At that moment it had available active memberships on $107 billion, and its losses in 2002 composed $9,2 billion. Today the actions OF THE MCI deal only on the non-stock jobbing market on $0,12.

After promulgating the complete information about the disturbances allowed in the account, THE MCI hopes to leave bankruptcy toward the end of April. The chairman of the council of directors and director general Maykl Of kapellas hoped to make this earlier, but the revision of financial results proved to be too difficult a task. The bookkeeping books WorldCom were actually rewritten anew with the participation of the auditorial company KPMG. "it is confident, that no one earlier carried out never so scale a revision of financial account", recognizes Robert blekli, the financial director OF THE MCI. According to him, it is more than 500 to auditors and for bookkeepers it was necessary to rewrite almost 3 million bookkeeping records in account WorldCom. Same this work managed company in $250 million.

Actually, other cases of corporate swindle in THE USA grow dim in comparison with scales WorldCom. Thus, Enron overstated profit more than on $1 billion and hid debts on $8 billion. The volume of the disturbances revealed in 2003 in company HealthSouth (one of the largest operators of hospitals in THE USA) composed $4,6 billion, Xerox in 2002 acknowledged in the additions on $6,4 billion, and Qwest Communications it overstated its incomes in 2000 - 2001 on $2,5 billion.

Two weeks ago to the former director general WorldCom for Bernardo ebbers was produced charge in the swindle with securities, the plot and the assignment of false information to controls. Ebbers rejected these charges, but the former financial director of corporation Scott Sullivan, to whom the imprisonment with period up to 165 years threatened, it recognized itself as the guilty and promised to collaborate with the consequence. But THE MCI in order to regulate charges in the swindle, even during May 2003 agreed to pay to investors $750 of million. (they are used materials WSJ.)

"Putin is the richest person of Europe and one of the richest people of the world"


Political scientist Stanislav belkovskiy gave the interview for the German publication Die Welt, in which it asserts that Vladimir Putin is important businessman. According to him, "he checks 37% of actions" Of surgutneftegaza ", whose market cost is 20 billion dollars. Furthermore, it checks 4,5% of actions Of "gazproma". In company Gunvor, which trades in oil, Putin through his representative gennadi timchenko has 50%. In the past year its the turnover left 40 billion dollars, and profit - 8 billion ". If this information corresponds to reality, then only blocks of the shares Of surgutneftegaza and Gazproma make the President unattainable for the home-grown oligarchs. Their cost exceeds 32 billion dollars, and together with by indicated The the belkovskim half Gunvor, the state of the President occurs two times higher than the state of the very wealthy man of Russia, in version Forbes of the novel of Abramovich ($18,7 billion) and approaches the third place in the world list Forbes - to Mexican Carlos slimu Hull, whose state it is evaluated at 49 billion dollars.

In 2003 Of surgutneftegaz it ceased to reveal the data about its owners. To of this 37% regulation capital of company (41,2% of voting actions) belonged OOO the "leasing of prodakshn", which itself was daughterly company "surgutneftegaza". the "leasing of prodakshn" it was created at the end of 2003, by conversion from THE NK Of "surgutneftegaz", the former maternal company of holding. Thus, the management Of "surgutneftegaza" proved to be by the full-fledged owner of company, without being her formal owner. However, from 22 December 2006, Of "surgutneftegaz" do not manage portions in OOO the "leasing of prodakshn". After learning about this, on the market they addressed about the change of owner; however, during January NPF Of "surgutneftegaz" it reported that now manages 93% OF UK the "leasing Of prodakshn" and analysts assumed that this is measure for protection from unfriendly absorption. From other side, it is unknown, is the "leasing Of prodakshn", until now, the owner 37%- foot block of the shares of petroleum company, since since 2003 these actions could already many times replace owner.

Rumors assigned control over notorious 37 percent Of "surgutneftegaza" both to its Director-General Vladimir Bogdanov and et al. of the President of Russia gennadi timchenko, and also to Vladimir Putin himself. So that Stanislav belkovskiy only recorded one of the popular it was auditory and in practice it can seem that this shareholdings is checked not by Vladimir putin, but by the Pope. However, the probability of the second version is considerably less than the first - and the matter here completely not in holiness.

Relative to the origin 4,5% block of the shares Of gazproma, control over which Stanislav belkovskiy assigns to Vladimir Putin, it is sufficiently complicated. This packet belongs to the company Of suleymana Of kerimova "GNK" (former "Naphtha- Moscow"). Forbes was estimated the state Of suleymana Of kerimova into 7,1 billion dollars, whereas only block of the shares Of "gazproma" costs more than 10 billion dollars. This certainly, is strange, but hardly even indirectly proves the belonging of this block of the shares of gas monopolist with the President of Russia. Equally well Vladimir Putin could be one of the agents of Sergey mavrodi, who stated that in the beginning of the 90th by them to vauchery there was skupleno 7% actions Of "gazproma" and they were designed to the different people.

Itself Stanislav belkovskiy, commenting on the origin of this shareholdings, said, that only, that it can say that "they belonged and belong to foreign investors. Respectively occurred overflow from some foreign investors to others. Previous vygodopriobretateli, and present, were the citizens of Russia, hidden after the chains of off-shore companies ".

Here increasingly simpler with neftetreyderom Gunvor. Russia's first about it mentioned Ivan Rybkin before the presidential elections 2004, speaking that "well-known Abramovich, which stand in the shadow Timchenko, the brothers Koval'chuki and others answer for the business of Putin". But recently director Gunvor Of torb'orn Tornkvist it confirmed to agency Reuters that 50% of company belong to the friend of the President of Russia gennadi timchenko. To estimate the real cost Gunvor is sufficiently complicated. With the condition of the eternity of the administration of Putin in Russia (and, correspondingly, the constancy of contracts with the Russian petroleum companies), the cost of this neftetreydera can comprise not less than 20 billion dollars, which adds not less than 10 billions to the state of Vladimir Putin on the version Of belkovskogo. But so, or otherwise, it is obvious, that the President of Russia either skillfully disguises his state or he is one of most that convinced nestyazhatelem in the world. Indeed while the state of its friends, such as brothers Koval'chuki or gennadi timchenko, steadily grows, President himself, according to his declaration about the incomes, given in TSIK, more richly it does not become [... ]

Friday, September 7, 2007


As prince Danish has eaten a dog


Denmark experiences, perhaps, the most serious state crisis for all modern history. As it was found out, within many decades near to queen Margrete adored by all Danes II there was a person, since the childhood used in food of dogs.
That the spouse of queen prince Henrik (before wedding - the citizen of France of columns Henry-Мarie-Jean-Аndrе de Labord de Monpeza) loves dogs, all country knew. His royal highnes was (and remains till now) the honourable president of the Danish club of amateurs of rates, he has written some verses devoted to own dogs (he in a poem compared ears of one of them to wings and spoke to the dog in love literally). Nevertheless Danes also could not present, that more all prince loves dogs in that kind. In this 72-years prince Henrik has admitted interview to one of the Danish magazines. As he said, the love to the dog has appeared at him during stay in the countries of Southeast Asia (prince Henrik, it's at that time simple columns Henry, has lead the early childhood in Vietnam, and then long time worked in China and Hong Kong). " On taste meat is similar to the rabbit, - prince Henrik has declared, having called all Danes to follow to his example and to start to use in food the dogs. - Eventually, table dogs grow up specially for meal, as chickens ".
The Danes never especially liked his highnes, now try to find out, whether he fed queen and children with some dogs meal, and also whether there was a victim of gastronomic predilections of prince a favourite rate of the queen who have gone in palace Amalienborg in the beginning 1990. Then on searches all Denmark has been lifted hardly probable not, however a dog and have not found.