If the auditing firm VisionQwest is correct in their latest press release, Manny Pacquiao has problems. VQ layed out a laundry list of financial problems. Everything from missing money, lack of financial records, under-reported PPV figures, tax problems, and relying on cash advances. Read the entire list of allegations HERE
When VisionQwest was initially brought in, they very successfully found a plethora of discrepancies with Manny’s money. In the latest VQ press release they stated that they themselves loaned money to Pacquiao and Koncz so that a house could be purchased for who? Michael Koncz? The first question that this writer has is, why would VisionQwest be loaning money to Manny Pacquiao for anything? Why would Manny need money lent to him in order to buy a house for Michael Koncz if he’s a multimillionaire?
There are several questions that have yet to be answered with this ongoing saga. Why is Manny Pacquiao having to rely on cash advances from Bob Arum? If it’s true, why would he need cash advances if he’s a multimillionaire? Why would Pacquiao fire VisionQwest and then not pay them a nickle for any of their services? This is another allegation that VisionQwest is making. They are saying that not only have they not received the money that they lent to Pacquiao so that he could buy Koncz a house, but they also have not received a penny for any of their work when they audited Manny’s accounts.
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So here we go again, another questions. If Manny is a financially free multimillionaire, why has he not paid VisionQwest back any money? If all of these allegations by VisionQwest are all lies, then Manny Pacquiao should summon his attorney and file suit against them for defamation of character.
Why would Pacquiao fire VisionQwest after they completed most of their work only to hire a new company that does exactly the same kind of work? The questions just keep popping up, and it all stinks. Pacquiao is behaving like a man that has boxed himself into some sort of corner with little options to get out of it.
If it’s true that the IRS is knocking on Manny’s door, he won’t be able to throw those combinations and hope for a knockout Vs. them. He will need to pay up or pay a price. Manny’s a nice guy and he’s done so much great things for people all over the world. I hope he can get his house in order.
What are my fellow Mississippians saying about this?
Jill Kelly Byram, MS – “Ridiculous if it’s true. It’s amazing that a guy making 20 million dollars per fight would have to rely on cash advances to make it to the nexy payday.”
Bob Anderson Jackson, MS – “Oh my, if this is all true he better get things right and quickly. The IRS don’t play when it comes to tax evasion. Manny could be looking at prison time if he keeps down this road. Ask Wesley Snipes.”
Tobias Jones Canton, MS – “Floyd is right when he says Manny needs to get his house in order before he fights him. Floyd been telling it straight all along.”
