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(Daily Mail)   Kylie could go to jail for lying about company finances. Apparently there aren't quite as many gullible suckers out there as previously suspected   (dailymail.co.uk) divider line
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4097 clicks; posted to Entertainment » and Business » on 30 May 2020 at 3:06 PM (5 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2020-05-30 1:01:18 PM  
the most schaden-est schadens that's ever been freude-ed
 
2020-05-30 1:11:07 PM  
Did she copy the Trump tax return and switch out the name and SSN?
 
2020-05-30 1:21:06 PM  

Sin'sHero: Did she copy the Trump tax return and switch out the name and SSN?


No she kept them on it because she couldn't figure out what to put on it.

Anybody who believed she was actually a billionaire was gullible as all hell.
 
2020-05-30 1:33:04 PM  

Sin'sHero: Did she copy the Trump tax return and switch out the name and SSN?


If she did this, she certainly had Trump as a precedent.

http://www.nydailynews.com/news/natio​n​al/forbes-reporter-history-trump-lies-​wealth-article-1.3945084
 
2020-05-30 1:51:21 PM  
She's innocent, she was misled by Provocateur
 
2020-05-30 2:02:26 PM  
She's white and famous. A slap on the wrist would be far more punishment than she is ever likely to get.
 
2020-05-30 2:16:50 PM  
Meanwhile, Trump still president
 
2020-05-30 2:26:25 PM  
Don't I wish. But this is typical Daily Fail. They got some attorney to say this could happen.
 
2020-05-30 2:33:46 PM  
Good.  One fake billionaire down...
 
2020-05-30 2:36:40 PM  
I like how her whine is about not asking to be on the Forbes list. Like the fraud is on Forbes, not investors.

Say hey to Martin Skrelli and, hopefully, Jacob Wohl, darlin'.
 
2020-05-30 3:14:21 PM  
Her bank account is overdrawn, just like her eyebrows.
 
2020-05-30 3:14:29 PM  
Oh my god, she lied about MONEY. Is nothing sacred? If people can just go around lying about how much they're worth, how are we going to know how to judge them?
 
2020-05-30 3:18:14 PM  
My first thought was "Minogue!?!?" and then I remembered there was that chick from the Pepsi commercial who tried to copyright the name 'Kylie' so fark her.
 
2020-05-30 3:18:32 PM  
[grumpy_cat_good.jpg]
 
2020-05-30 3:21:47 PM  
Oh this will be so fun to watch.

-- Revenues over a 12-month period preceding the deal: $177 million, according to the Coty presentation-far lower than the published estimates at the time.

--If Kylie Cosmetics did $125 million in sales in 2018, how could it have done $307 million in 2016 (as the company's supposed tax returns state) or $330 million in 2017?

-- "It seems unlikely that much revenue (62%) could have evaporated overnight," says Evercore analyst Omar Saad. "There doesn't seem to be any evidence the business has cratered," adds cosmetics veteran Jeffrey Ten, who has led companies like Note Cosmetics, Nyx and Calvin Klein Beauty. "If so, why would Coty buy it?"

-- Coty's purchase agreement specifically lists a "KMJ 2018 Irrevocable Trust," controlled by Kristen M. Jenner, as owning a profit interest in Kylie Cosmetics. Upon the sale, the document says the trust would get a capital, or ownership, interest in the company. The Jenners initially told Forbes that the trust holds money Kylie Jenner earned before she turned 18 and that Kylie is its beneficiary. But the trust appears to have been created well after Kylie turned 18, and the Jenners declined to offer any proof to back up their claims. Given the lack of clarity-and the history of lies-we're erring on the side of caution and assuming that the trust belongs to Kris Jenner.

-- As usual, we asked the Jenners for input on our numbers. But pressed for answers on the many discrepancies, the typically chatty family did something out of character: They stopped answering our questions.


That forbes article was basically a beat down on a spoiled brat and her worthless whore of a mother
 
2020-05-30 3:28:00 PM  
Key word : could
No need to FTFY
 
2020-05-30 3:35:23 PM  
Those poor Coty M&A and corporate attorneys must have gotten hoodwinked into not doing due diligence and signed the deal on a pinky swear.

/eyeroll
 
2020-05-30 3:41:51 PM  

wejash: I like how her whine is about not asking to be on the Forbes list. Like the fraud is on Forbes, not investors.

Say hey to Martin Skrelli and, hopefully, Jacob Wohl, darlin'.


Elizabeth Holmes too.
 
2020-05-30 3:56:10 PM  
Good.jpg
 
2020-05-30 3:56:52 PM  
KLF - kylie said to jason
Youtube FSaZKgAq8J0


it's all jason's fault!
 
2020-05-30 4:06:08 PM  
Has anyone told Congress that they can put people in jail for lying about how rich they are?
 
2020-05-30 4:06:41 PM  
Don't lie to, defraud, or make fun of the 3 comma club. They keep lawyers around like the rest of us do little dogs, and for much the same reason.

To let loose on the mailman? No. Well, kind of, but no. They're gatekeepers.
 
2020-05-30 4:13:21 PM  

cryinoutloud: Oh my god, she lied about MONEY. Is nothing sacred? If people can just go around lying about how much they're worth, how are we going to know how to judge them?


If she lied about the valuation and revenues of her company to the company that bought it, you bet that's a felony.
 
2020-05-30 4:26:13 PM  
Silicon Valley - Russ Hanneman is no longer a billionaire
Youtube s9Bg4UU76so
 
2020-05-30 4:27:30 PM  

west.la.lawyer: Meanwhile, Trump still president


Literally the only difference between Kim Kardashian and Donald Trump is gender, and the fact that the Kim is smarter and better at business
 
2020-05-30 4:45:07 PM  

Xander_CDN: My first thought was "Minogue!?!?" and then I remembered there was that chick from the Pepsi commercial who tried to copyright the name 'Kylie' so fark her.


Is the Kardashian who gender transitioned?
 
2020-05-30 4:53:51 PM  

Ashelth: Xander_CDN: My first thought was "Minogue!?!?" and then I remembered there was that chick from the Pepsi commercial who tried to copyright the name 'Kylie' so fark her.

Is the Kardashian who gender transitioned?


Oh never mind that's different Jenner.  Hard to keep them apart when both first names have a stupid spelling.
 
2020-05-30 5:02:59 PM  

Ashelth: Ashelth: Xander_CDN: My first thought was "Minogue!?!?" and then I remembered there was that chick from the Pepsi commercial who tried to copyright the name 'Kylie' so fark her.

Is the Kardashian who gender transitioned?

Oh never mind that's different Jenner.  Hard to keep them apart when both first names have a stupid spelling.


And now they all have the same bizarre, jacked-up faces thanks to plastic surgery.
 
2020-05-30 5:03:35 PM  

TDWCom29: west.la.lawyer: Meanwhile, Trump still president

Literally the only difference between Kim Kardashian and Donald Trump is gender, and the fact that the Kim is smarter and better at business


Donald Trump is Kris Jenner without the business acumen. Both made it big with a reality show. Both have... unconventional relationships with their daughters.
 
2020-05-30 5:15:46 PM  

Moopy Mac: TDWCom29: west.la.lawyer: Meanwhile, Trump still president

Literally the only difference between Kim Kardashian and Donald Trump is gender, and the fact that the Kim is smarter and better at business

Donald Trump is Kris Jenner without the business acumen. Both made it big with a reality show. Both have... unconventional relationships with their daughters.


I'm more saying that Trump first came to prominence because of the public's fascination with his sex life*. That he only stayed famous because of an uncanny ability to keep himself in the headlines despite no real special qualities aside from being "rich", which you could say about literally 100s if not thousands of other people.

Replace "sex life" with "sex tape" and "rich" with "hot" and you have Kim.

*Don't forget, Trump was famous-for-being-famous a full decade+ before the reality show
 
2020-05-30 5:34:31 PM  

GoodHomer: cryinoutloud: Oh my god, she lied about MONEY. Is nothing sacred? If people can just go around lying about how much they're worth, how are we going to know how to judge them?

If she lied about the valuation and revenues of her company to the company that bought it, you bet that's a felony.


If she lied to Coty, yes. I can't imagine that Coty's due diligence was exhausted by reading a puff piece in Forbes.
 
2020-05-30 5:39:10 PM  
Fark user imageView Full Size


And

Fark user imageView Full Size


And

Fark user imageView Full Size
 
2020-05-30 5:51:56 PM  
img.discogs.comView Full Size


Subby needs to watch their mouth - you had us worried there...

/There can be only One... Kylie
 
2020-05-30 6:02:05 PM  
I don't want to say this, and if I'm wrong I will gladly own it like an old t-shirt, but this needs the Unlikely tag.
 
2020-05-30 6:02:54 PM  

ecmoRandomNumbers: Her bank account is overdrawn, just like her eyebrows.


She looks like she's made of plastic and creeps me the hell out she's like a RealDoll come to life.
 
2020-05-30 6:12:43 PM  

cryinoutloud: Oh my god, she lied about MONEY. Is nothing sacred? If people can just go around lying about how much they're worth, how are we going to know how to judge them?


lh3.googleusercontent.comView Full Size
 
2020-05-30 6:17:48 PM  
Will there be a reality show once (will never happen) she is in prison? In women's prison? NSFW? No? Then I don't care.
 
2020-05-30 6:19:22 PM  
How are they self made when they literally make money off of their parent's name/fame?
 
2020-05-30 6:38:04 PM  

RedHead87: How are they self made when they literally make money off of their parent's name/fame?


Or KK's sex tape. Nobody cared about them until that thing dropped.
 
2020-05-30 6:41:30 PM  

TDWCom29: Moopy Mac: TDWCom29: west.la.lawyer: Meanwhile, Trump still president

Literally the only difference between Kim Kardashian and Donald Trump is gender, and the fact that the Kim is smarter and better at business

Donald Trump is Kris Jenner without the business acumen. Both made it big with a reality show. Both have... unconventional relationships with their daughters.

I'm more saying that Trump first came to prominence because of the public's fascination with his sex life*. That he only stayed famous because of an uncanny ability to keep himself in the headlines despite no real special qualities aside from being "rich", which you could say about literally 100s if not thousands of other people.

Replace "sex life" with "sex tape" and "rich" with "hot" and you have Kim.

*Don't forget, Trump was famous-for-being-famous a full decade+ before the reality show


I don't remember anything about Trump's sex life before he was in the presidential picture.  Am I forgetting something?
 
2020-05-30 7:00:07 PM  
I have a greater chance of banging a supermodel then she does of going to jail.
 
2020-05-30 7:50:04 PM  

calufrax: [img.discogs.com image 463x650]

Subby needs to watch their mouth - you had us worried there...

/There can be only One... Kylie


Now I'm confused again.
 
2020-05-30 8:07:25 PM  
Fark user imageView Full Size
 
2020-05-30 8:25:54 PM  
Well I'm guessing the people that invested in her company won't like being jerked around with false financial records and they might make her less than a multi millionaire.
 
2020-05-30 8:47:18 PM  

lifeslammer: Oh this will be so fun to watch.

-- Revenues over a 12-month period preceding the deal: $177 million, according to the Coty presentation-far lower than the published estimates at the time.

--If Kylie Cosmetics did $125 million in sales in 2018, how could it have done $307 million in 2016 (as the company's supposed tax returns state) or $330 million in 2017?

-- "It seems unlikely that much revenue (62%) could have evaporated overnight," says Evercore analyst Omar Saad. "There doesn't seem to be any evidence the business has cratered," adds cosmetics veteran Jeffrey Ten, who has led companies like Note Cosmetics, Nyx and Calvin Klein Beauty. "If so, why would Coty buy it?"

-- Coty's purchase agreement specifically lists a "KMJ 2018 Irrevocable Trust," controlled by Kristen M. Jenner, as owning a profit interest in Kylie Cosmetics. Upon the sale, the document says the trust would get a capital, or ownership, interest in the company. The Jenners initially told Forbes that the trust holds money Kylie Jenner earned before she turned 18 and that Kylie is its beneficiary. But the trust appears to have been created well after Kylie turned 18, and the Jenners declined to offer any proof to back up their claims. Given the lack of clarity-and the history of lies-we're erring on the side of caution and assuming that the trust belongs to Kris Jenner.

-- As usual, we asked the Jenners for input on our numbers. But pressed for answers on the many discrepancies, the typically chatty family did something out of character: They stopped answering our questions.

That forbes article was basically a beat down on a spoiled brat and her worthless whore of a mother


That's...interesting. I'm not a banker but I've been involved in a couple deals both buy side and sell side. If the buyer cheaped out and didn't hire a crack DD team from E&Y or better, then it serves them right. They used tax filings for revenue justification? I mean...yeah you can cross check that, but typically you get the detail and test the shiat out of it until something flags...and if the books are cooked, it will reveal.

If those tax records were messed with, whoa.

But I bet it wasn't the young one. That's Mom and her lawyers all the way.
 
2020-05-30 8:56:28 PM  

TDWCom29: Moopy Mac: TDWCom29: west.la.lawyer: Meanwhile, Trump still president

Literally the only difference between Kim Kardashian and Donald Trump is gender, and the fact that the Kim is smarter and better at business

Donald Trump is Kris Jenner without the business acumen. Both made it big with a reality show. Both have... unconventional relationships with their daughters.

I'm more saying that Trump first came to prominence because of the public's fascination with his sex life*. That he only stayed famous because of an uncanny ability to keep himself in the headlines despite no real special qualities aside from being "rich", which you could say about literally 100s if not thousands of other people.

Replace "sex life" with "sex tape" and "rich" with "hot" and you have Kim.

*Don't forget, Trump was famous-for-being-famous a full decade+ before the reality show


Kim K has an amazingly large ass , trump is an amazingly large ass.
 
2020-05-30 9:19:42 PM  
FTA: Forbes downgraded Kylie's net worth from more than $1 billion to just under $900M

And I thought 2020 couldn't get any worse.
 
2020-05-30 9:20:08 PM  

baltimoreblonde: RedHead87: How are they self made when they literally make money off of their parent's name/fame?

Or KK's sex tape. Nobody cared about them until that thing dropped.


Which was a move originated by Paris Hilton and her family.
 
2020-05-30 9:48:38 PM  

calufrax: /There can be only One... Kylie


I disagree. There can be many.
Kylie Minogue - Come Into My World (Official Video)
Youtube 63vqob-MljQ
 
2020-05-30 9:52:13 PM  

zobear: Those poor Coty M&A and corporate attorneys must have gotten hoodwinked into not doing due diligence and signed the deal on a pinky swear.

/eyeroll


Yeah, there's a huge amount of "fake it until you make it" with these sort of businesses. I'm sure the company that bought them did their DD and were happy to go along with the public image of huge success while writing their check based on the real figures. It's much the same as Jessica Alba pretends to own and run "her" company when she was actually hired to be the public face and given some stock as payment.
 
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