PRESS RELEASE FROM FIRED PACQUIAO ACCOUNTING FIRM, VISIONQWEST
Glendale, CA, September 20, 2011: Prior to 2010, Manny Pacquiao (?Manny?) and MP Promotions, USA, Inc. (?MP?) never had a full time accountant or a bookkeeper, and did not have a full time accounting firm. Michael Koncz is the business advisor of both Manny and MP and he has no accounting degrees or training, yet he is in charge of their finances. For every year before Manny an MP hired VQ for their accounting needs, they would hire different accountants who simply plugged in numbers supplied by Michael Koncz into the taxation forms and filed them with the IRS, without any backup or reconciliation. Due to this mode of operation on the part of Michael Koncz, Manny and MP had audits issued against them for at least two prior years (2006, 2007).
