- hace 16 horas
They Forced Me Out Then Begged Me Back (ENGL COMPLETE)
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00:00:00Yo soy Ethan Reed.
00:00:02He estado con Kelvin Industries por 8 años,
00:00:04asegurando la mitad de la compañía de crédito.
00:00:06En el año pasado,
00:00:07he ganado un bono $200,000 año.
00:00:16Este año?
00:00:18$2,000?
00:00:20Pensaba que tenía que ser un error system,
00:00:22así que fui a financiación.
00:00:23Sí, eso es todo lo que tienes.
00:00:25Tienes un problema?
00:00:26Take it up with management.
00:00:32I didn't.
00:00:33I just started clearing out my desk.
00:00:35You're really leaving?
00:00:37Screw this.
00:00:38I quit.
00:00:40I wrapped up my resignation cleanly.
00:00:43Not one executive showed up.
00:00:45Three days later,
00:00:46when the bank came knocking for its money,
00:00:48Chairman Marcus finally remembered to call me.
00:00:51Ethan,
00:00:52when did you quit?
00:00:53Why didn't anyone tell us?
00:00:55It started the day my bonus came in.
00:00:58Last year,
00:00:58I got $200,000.
00:01:00I earned every dollar
00:01:02by pulling Kelvin through three cash flow crisis.
00:01:06When I joined eight years ago,
00:01:08Kelvin had just two floors of office space.
00:01:10Now it fills the whole building
00:01:11and makes nearly $300 million a year.
00:01:14I won't take all the credit.
00:01:15But half of Kelvin's bank financing?
00:01:18I brought it in.
00:01:27So Ethan, how'd you do?
00:01:28You got $200,000 last year.
00:01:29Must be even more this year, right?
00:01:31Not bad.
00:01:32I got $10,000.
00:01:33Think about a ski trip.
00:01:34You?
00:01:34I had a pretty good year.
00:01:35$30,000.
00:01:36Might finally upgrade my car.
00:01:37A neppy hire who'd been here six months got $10,000.
00:01:40I got two.
00:01:42Less than a new hire.
00:01:56Can you check this for me?
00:01:59$2,000.
00:02:00$2,000.
00:02:00It's correct.
00:02:03Who set my bonus?
00:02:07I'm Ethan Reed.
00:02:08I've been with Kelvin Industries for eight years,
00:02:11securing half the company's credit lines.
00:02:13Last year,
00:02:14I got a $200,000 year-end bonus.
00:02:23This year?
00:02:25$2,000?
00:02:27I thought it had to be a system error,
00:02:29so I went to finance.
00:02:30That's right.
00:02:31That's all you're getting.
00:02:32Got a problem?
00:02:33Take it up with management.
00:02:39I didn't.
00:02:40I just started clearing out my desk.
00:02:42You're really leaving?
00:02:44Screw this.
00:02:45I quit.
00:02:47I wrapped up my resignation cleanly.
00:02:50Not one executive showed up.
00:02:51Three days later,
00:02:53when the bank came knocking for its money,
00:02:54Chairman Marcus finally remembered to call me.
00:02:58Ethan,
00:02:59when did you quit?
00:03:00Why didn't anyone tell us?
00:03:02It started the day my bonus came in.
00:03:04Last year,
00:03:05I got $200,000.
00:03:07I earned every dollar by pulling Kelvin through three cash flow crises.
00:03:13When I joined eight years ago,
00:03:15Kelvin had just two floors of office space.
00:03:17Now it fills the whole building,
00:03:18and makes nearly $300 million a year.
00:03:21I won't take all the credit.
00:03:22But half of Kelvin's bank financing?
00:03:25I brought it in.
00:03:34So, Ethan, how'd you do?
00:03:35You got $200,000 last year.
00:03:36Must be even more this year, right?
00:03:38Not bad.
00:03:39I got $10,000.
00:03:40Think about a ski trip.
00:03:41You?
00:03:41I had a pretty good year.
00:03:42$30,000.
00:03:42Might finally upgrade my car.
00:03:44A neppy hire who'd been here six months got $10,000.
00:03:47I got two.
00:03:49Less than a new hire.
00:04:03Can you check this for me?
00:04:06$2,000.
00:04:07It's correct.
00:04:10Who set my bonus?
00:04:14Ethan, what did finance say?
00:04:17The number's right.
00:04:19How much?
00:04:20$2,000.
00:04:22The bonus sheet was confidential,
00:04:24but nothing stays secret here.
00:04:26Sarah got $40,000.
00:04:27Victor's assistant got $50,000.
00:04:30Victor Klein, the finance VP brought in just three months ago,
00:04:34got $300,000.
00:04:35I led treasury and saved the company over $10 million in financing costs.
00:04:39I got two grand.
00:04:40That's not a bonus.
00:04:42They're pushing you out.
00:04:45Or they think I won't leave.
00:04:49But four loans still haven't closed and there's a $70 million bond due next month.
00:04:52The whole company is counting on the money you lined up.
00:04:55I know.
00:04:56If you really leave, who's taking over?
00:04:59I didn't answer.
00:05:01I was staring at a file called the Syndicated Credit Special Covenants.
00:05:05Only three people knew what it really meant.
00:05:08It wasn't just one loan.
00:05:09It tied six banks together.
00:05:11All six banks could reassess Kelvin's credit lines.
00:05:14The whole company's cash flow would be hit.
00:05:17The funny part?
00:05:18I was the only one of the three who actually understood it.
00:05:27That email told me everything.
00:05:29The $2,000 wasn't a mistake.
00:05:31They wanted me out.
00:05:32I closed the email, shut down my computer, and pulled an empty box from the drawer.
00:05:36Ethan, you're really leaving?
00:05:42Ethan, what did finance say?
00:05:45The number's right.
00:05:47How much?
00:05:48$2,000.
00:05:50The bonus sheet was confidential, but nothing stays secret here.
00:05:54Sarah got $40,000.
00:05:56Victor's assistant got $50,000.
00:05:58Victor Klein, the finance VP brought in just three months ago, got $300,000.
00:06:04I led treasury and saved the company over $10 million in financing costs.
00:06:07I got two grand.
00:06:09That's not a bonus.
00:06:10They're pushing you out.
00:06:13Or they think I won't leave.
00:06:17But four loans still haven't closed, and there's a $70 million bond due next month.
00:06:21The whole company is counting on the money you lined up.
00:06:23I know.
00:06:24If you really leave, who's taking over?
00:06:28I didn't answer.
00:06:29I was staring at a file called the Syndicated Credit Special Covenants.
00:06:34Only three people knew what it really meant.
00:06:36It wasn't just one loan.
00:06:38It tied six banks together.
00:06:40All six banks could reassess Kelvin's credit lines.
00:06:43The whole company's cash flow would be hit.
00:06:45The funny part?
00:06:47I was the only one of the three who actually understood it.
00:06:55That email told me everything.
00:06:57The $2,000 wasn't a mistake.
00:06:59They wanted me out.
00:07:00I closed the email, shut down my computer, and pulled an empty box from the drawer.
00:07:05Ethan, you're really leaving?
00:07:12Stay, and wait for another humiliating email.
00:07:17Talk to Marcus first.
00:07:18You've given this place eight years.
00:07:20Eight years is enough.
00:07:21I'm not wasting a ninth.
00:07:26Wait, what about those loans?
00:07:28Can they still close without you?
00:07:30They've got Victor.
00:07:31He doesn't even understand the credit terms.
00:07:33That's Marcus's problem.
00:07:38Ethan, are you throwing a tantrum?
00:07:40The company asked you to prepare a handover.
00:07:42No one fired you.
00:07:44Right. So I'm resigning.
00:07:48Victor is busy.
00:07:49You can't just walk out whenever you want.
00:07:51I need his permission to resign.
00:07:54You're in charge of Treasury.
00:07:56You can't just walk away.
00:07:57And Victor wants these three documents signed today.
00:07:59I was listed as the responsible party.
00:08:01He was listed as the project lead.
00:08:03He got the credit.
00:08:04I took the liability.
00:08:05Victor had pulled this trick before.
00:08:07Whoever's responsible signs it.
00:08:09You've been handling these projects all along.
00:08:11The email was clear.
00:08:12Treasury will be downsizing next year.
00:08:14Nothing's been officially changed yet.
00:08:16My bonus has.
00:08:22Victor got a $300,000 bonus.
00:08:25Let him sign it.
00:08:34Ethan, we're all adults here.
00:08:36Don't act on impulse.
00:08:40The company has been fair to you.
00:08:42$2,000 for a year-end bonus?
00:08:44Very generous.
00:08:45A bonus is just part of your pay.
00:08:46My salary hasn't gone up in three years.
00:08:50The company's had cash flow problems for the past two years.
00:08:53Victor's bonus is $150,000 mine.
00:08:59Do you have to make things ugly?
00:09:00I'm resigning by the book.
00:09:02How is that making things ugly?
00:09:04Critical positions require one month notice.
00:09:06Fine.
00:09:07Then just keep working as usual for now.
00:09:10I've got 27 days of PTO left.
00:09:12I'll finish the handoff today, start my leave tomorrow, and be gone when the notice period ends.
00:09:16In eight years, I barely took any time off.
00:09:19Even when my son had surgery, I only took two days.
00:09:24I'll have to run this by management.
00:09:26Go ahead.
00:09:32I followed every step by the book.
00:09:34I wasn't giving them a single mistake to use against me.
00:09:39At two that afternoon, my leave was approved.
00:09:42Not by Marcus or Victor.
00:09:44The system routed it to the HR director, who signed off on it.
00:09:48Marcus and Victor were downstairs having lunch with clients.
00:09:51Neither came up.
00:09:52Neither even asked why I was leaving.
00:09:54I didn't take a single page that belonged to the company.
00:09:57The ledgers, project files, scanned contracts, everything was uploaded to the server.
00:10:06Why isn't the Eastridge loan on the handover list?
00:10:09That wasn't a standard loan, the paperwork wasn't with me.
00:10:11But it's due to rollover next week.
00:10:13The rollover condition isn't in the regular records.
00:10:16It's in a separate supplemental agreement.
00:10:18What condition?
00:10:22Let Victor figure it out himself.
00:10:25Ethan, stop playing games.
00:10:27If you hit a key condition, the company can hold you responsible.
00:10:31Everything's there. I hid nothing.
00:10:34Then why don't you just tell us?
00:10:37Because you're not senior enough to be in the loop.
00:10:40And someone at Victor's level isn't coming down here to see you.
00:10:44I wasn't planning to see him either.
00:10:48I signed the handover, picked up my box, and walked out.
00:10:52Everyone watched, but no one said a word.
00:10:58Ethan, walk out that door and don't bother coming back.
00:11:02Don't worry, you couldn't pay me to.
00:11:06Ethan, an important file is missing.
00:11:09What file?
00:11:10Eastridge's supplemental agreement.
00:11:12It has the loan renewal terms and the deposit deadline.
00:11:13I knew you were holding something back.
00:11:15That loan renews next week.
00:11:17If anything goes wrong, you'll be held responsible.
00:11:22Then call the police.
00:11:24The police?
00:11:25Ethan, don't try to scare me.
00:11:27A $40 million loan document is missing.
00:11:29You think the police won't care?
00:11:32I'm not bluffing.
00:11:33I'll call right now.
00:11:36Eastridge's supplemental agreement clause 9.
00:11:38Let go.
00:11:39Set the deposit deadline with no grace period.
00:11:42Missit and Kelvin had to repay the loan immediately with its cash flow frozen.
00:11:46And, once the syndicated credit special covenants kicked in, Kelvin could be pushed into bankruptcy.
00:11:50Victor was an idiot who couldn't even understand the terms.
00:11:53But I wasn't taking the blame for a missing file.
00:11:55Treasury records, how can I help you?
00:11:56Is the Eastridge Capital Bank's supplemental agreement in the records room?
00:12:00Victor checked it out last week.
00:12:02Did he return it?
00:12:02No. The checkout slip is still here.
00:12:06So Victor has it?
00:12:08Hear that?
00:12:10Victor only took it to review.
00:12:13Then let him keep reviewing it.
00:12:17Ethan, you really think this company can't survive without you?
00:12:20Of course it can.
00:12:21You've got your new VP with his $300,000 in bonus?
00:12:38You quit?
00:12:41I did.
00:12:43Any regrets?
00:12:45Only that I didn't leave sooner.
00:12:47Emily didn't ask about the bonus or what came next.
00:12:53The doctor told you to get a follow-up last month. You kept saying you were too busy?
00:12:57I'll go tomorrow.
00:12:59Not busy anymore?
00:13:00Not anymore.
00:13:02Saying those words, I realized how long it had been since I felt this free.
00:13:06I'd spent years chasing approvals, waiting on funds, and working through holidays.
00:13:10It's your day off. Why are you going in again?
00:13:13Regulatory inspection. I need to get the files ready.
00:13:20Marcus always said once the company went public, he'd make sure the longtime employees were taken care of.
00:13:28Ethan, once we go public, I'll make it worth your while. I'll double your year-end bonus.
00:13:33I waited eight years. No IPO. Victor came in, took my office, took credit for my work, and left me
00:13:38with a two grand bonus.
00:13:51Victor chewed out the whole treasury team last night. He can't find East Rib's contact list.
00:13:55It's on the company phone.
00:13:56We called. They won't pick up.
00:13:58I'd worked with East Ridge for six years. Victor met them once, showed up 40 minutes late, then told their
00:14:03relationship manager he was too busy for a small account like theirs.
00:14:07Ethan, can you help us reach them? Today's the deadline. We have no grace period.
00:14:12There was plenty of time.
00:14:13Victor only read the agreement today. East Ridge has to confirm the rollover this afternoon, and the collateral deposit can't
00:14:18be delayed.
00:14:18If the loan falls through, we might not make payroll next week.
00:14:21Sorry. I don't work there anymore.
00:14:30Well...
00:14:32He won't help.
00:14:37Useless! All of you!
00:14:40I had nothing against Noah, but if I cleaned up Kelvin's mess again, that two grand would just become my
00:14:44price tag.
00:14:45Marcus still doesn't know you quit. Don't push this too far.
00:14:59Daniel showing up himself meant East Ridge was done giving them chances. Kelvin had missed the final deadline.
00:15:04Tell your chairman East Ridge wants to meet now.
00:15:07The chairman is in a meeting upstairs. I'll call him right away.
00:15:11Daniel, this is just a minor processing delay. The deposit being a day or two late won't affect our partnership.
00:15:16The agreement is clear. There is no grace period.
00:15:19Rules are rules, but people can be flexible.
00:15:24So can risk.
00:15:40Why am I only hearing about this now?
00:15:41The treasury handover was incomplete. Ethan never specifically flagged this risk.
00:15:46The agreement was in the system, but no one fagged the clause.
00:15:48It wasn't Ethan's job to flag the clause for you.
00:15:51Then who approved the request? Why hasn't it been paid?
00:15:53I did, but we needed a stronger year-end cash balance for the board. I only delayed it to make
00:15:59the numbers look better.
00:16:04Since the collateral deposit wasn't made on time, East Ridge now requires Kelvin to repay the 40 million loan within
00:16:10three business days.
00:16:13Three days?
00:16:14And the syndicated credit management group will reassess Kelvin's entire 170 million credit line.
00:16:20United Bank, please submit an explanation of the overdose East Ridge payment immediately.
00:16:29Ethan, where are you? Get back here now. We've got a crisis.
00:16:33I'm not at the office.
00:16:34Who approved your leave? Why wasn't I told?
00:16:36It went through the HR system automatically. Oliver confirmed it.
00:16:40Damn it, Oliver! Why didn't anyone tell me Ethan was taking leave?
00:16:43You don't understand the implications. This is unacceptable. We need a solution.
00:16:47Cancel your leave. East Ridge is here demanding repayment in three days. They'll only deal with you. Get back here!
00:16:52Oh, but I'm not just on leave. I've already submitted my resignation.
00:17:06Clause 9 is very clear. The collateral deposit had to be paid in full and on time. Otherwise, Kelvin would
00:17:11have to repay early.
00:17:12Terms can be negotiated.
00:17:19East Ridge Capital Bank is willing to wait until 6 tonight.
00:17:21Then we still have a chance.
00:17:23This isn't a chance. We're checking whether another agreement still holds.
00:17:26What agreement?
00:17:27The Syndicated Credit Special Covenants.
00:17:31I was the only one at Kelvin who truly understood that document. The $40 million loan was never the real
00:17:37threat.
00:17:37The real danger was on the last page. A cross default clause signed by the other five banks.
00:17:44Once triggered, that clause could bring Kelvin's entire cash flow crashing down.
00:17:52At 6.05 p.m., Daniel sent the notice. East Ridge wanted its money back, and the lending group was
00:17:58reviewing Kelvin's credit.
00:17:59Early repayment notice delivered. Emergency hearing at 9 a.m. tomorrow.
00:18:04Received. I'll state the facts only. I don't represent Kelvin Industries.
00:18:12I thought Kelvin would focus on the money. Instead, they were still trying to pin it on me.
00:18:26Victor claimed I refused the handover, hid clause 9, and took the bank contacts, causing the $8.5 million collateral
00:18:32deposit to go unpaid.
00:18:34The last page said Kelvin planned to sue me for $8.5 million.
00:18:39Don't sign anything. Don't let them touch your personal devices. Gather the handover records, emails, and server logs.
00:18:46Already done.
00:18:47Good. Let them keep digging.
00:18:54Ethan, Grace wants me to sign an extra set of meeting notes dated December 28.
00:18:58Were you at that meeting?
00:19:00No. You were in the other city that day, and Treasury never held a meeting that day.
00:19:05What did she say?
00:19:06She said they're just filling in the paperwork, and Victor already approved it.
00:19:09Save every message. Don't delete anything.
00:19:12If I don't sign, can they fire me?
00:19:14You can sign if you're willing to take the fall for falsifying records.
00:19:20I'm not signing.
00:19:21Then don't be afraid.
00:19:25Is the bank issue still going on?
00:19:27Halfway. Their story's starting to fall apart.
00:19:30Eat first.
00:19:34I used to say, later.
00:19:37That day, I didn't.
00:19:42You said these documents would keep the banks off our backs.
00:19:46If Ethan comes back, we can fix this.
00:19:48He's not coming back.
00:19:50Legal can send him a notice and force him to cooperate.
00:19:53Check his personal devices, find any client files, and we can turn this around on him.
00:19:57His leave was already approved.
00:19:58Put it under review.
00:20:00Give him 24 hours to come back.
00:20:05Do it.
00:20:11The next morning, Kelvin showed up at my door.
00:20:14Whatever you have to say, say it here.
00:20:16We're here on behalf of Kelvin Industries.
00:20:17Ethan needs to cooperate with an internal investigation.
00:20:23For what?
00:20:24We believe you took confidential company information.
00:20:26Bank contacts, credit terms, client communications.
00:20:29Proof.
00:20:30Let us check your phone and computer.
00:20:31It could help clear your name.
00:20:33No.
00:20:33You made the accusation, you prove it.
00:20:35Why should I hand over my devices?
00:20:37Ethan, don't push this too far.
00:20:38The company's ready to make up the bonus.
00:20:4070 grand to get me to swallow an 8.5 million claim?
00:20:43Nice deal. For you.
00:20:47We haven't actually sued you yet.
00:20:49You've already sent the negligence report to six banks.
00:20:57Ethan, don't sign anything.
00:20:59Don't let them touch your devices.
00:21:00I'm almost there.
00:21:01This is an internal matter between the company and an employee.
00:21:04A forged negligence report, an 8.5 million claim, and trying to search private devices.
00:21:09This is way beyond an internal dispute.
00:21:12No warrant.
00:21:14Stay away from my client.
00:21:22Kelvin Industries must preserve all server logs, emails, approval records, and meeting footage immediately.
00:21:32Until Victor no is not signing that fake meeting minute.
00:21:37After Victor and his people left, things finally went quiet.
00:21:40But I knew Kelvin wasn't done yet.
00:21:42If they're showing up at your door for your private devices, they're desperate.
00:21:45They're not worried about the money.
00:21:46They're worried they still haven't pinned this on me.
00:21:50At one that afternoon, I got a so-called meeting record.
00:21:53Time, place, attend beats, responsibilities.
00:21:55It had everything.
00:21:57Is that your signature?
00:21:59No.
00:22:00Where were you that day?
00:22:04600 kilometers away, at a United Bank review meeting.
00:22:12The record said I was at Kelvin headquarters at 9.30 that morning.
00:22:15I was actually sitting in a United Bank conference room 600 kilometers away.
00:22:23Ethan, Grace brought me those minutes again and asked me to sign them retroactively.
00:22:27Keep the messages.
00:22:28Don't delete anything.
00:22:31They're dead set on pinning this on you.
00:22:34They can try.
00:22:36Don't show this yet.
00:22:37Save it for the bank hearing and bring it out in front of everyone.
00:22:43Daniel set the meeting.
00:22:44When?
00:22:4610 tomorrow morning.
00:22:48All six banks will be there.
00:22:57Eastridge's notice was formal.
00:22:58Everything was spelled out.
00:23:00The hearing, full recording, attendee list, and required documents.
00:23:04You're still not well.
00:23:05Do you really have to go?
00:23:07If I don't, they'll pin this on me sooner or later.
00:23:10I sent Daniel our terms.
00:23:12You're not attending as a Kelvin employee, and no one from Kelvin can meet with you alone.
00:23:16I agreed to go because they'd already named me in their negligence report.
00:23:19I had to clear my name myself.
00:23:25Ethan, you can't attend that meeting.
00:23:27This is an internal matter.
00:23:28You have no right to share company information with the banks.
00:23:31They call you the responsible party that won't let you defend yourself.
00:23:34Interesting.
00:23:35They need someone to take the blame and keep quiet.
00:23:40At 3, HR put my leave on hold and ordered me back within 24 hours for an investigation.
00:23:44They forgot the system logs everything.
00:23:47Tell them you're on approved leave.
00:23:49Anything they want goes through me.
00:23:54They paid the difference?
00:23:56They fixed the number, not the facts.
00:24:00They raised my bonus from $2,000 to $200,000 thinking I'd come back.
00:24:05All they proved was that the original bonus was wrong.
00:24:08Bring it tomorrow.
00:24:09They'll say this was all about money.
00:24:11Then let the bank see who decided you were only worth two grand.
00:24:18At 10 the next morning, East Ridge's conference room was packed.
00:24:22Risk, legal, and credit teams from all six banks were there.
00:24:27This hearing is being recorded.
00:24:29Any false statement could affect the final credit decision.
00:24:32Victor still looked as arrogant as ever.
00:24:35He probably thought whoever played the victim hardest would win.
00:24:39Kelvin Industries, please explain why the collateral deposit was missed.
00:24:43Former treasury head Ethan Reed failed to execute the payment on time.
00:24:47Reacted as soon as we discovered it.
00:24:49Who had final approval?
00:24:53I did.
00:24:54When did you receive it?
00:24:56Five days ago?
00:24:57Then why didn't you approve it?
00:24:58The company had other cash needs. I only delayed it.
00:25:02The agreement says there is no grace period for the collateral deposit.
00:25:08Clause 9 was clear.
00:25:10The full deposit had to be paid by the deadline.
00:25:12No grace period. No verbal exceptions.
00:25:14Did Ethan flag the risk?
00:25:17Not in a separate notice.
00:25:18Please note that.
00:25:20He said no separate notice, not no notice.
00:25:27I sent three risk warnings, the last one six days before the deadline.
00:25:31Every email spelled out the consequences, and Marcus and Victor received them all.
00:25:36After the payment was rejected, I sent another urgent warning.
00:25:38Put it on screen.
00:25:42Victor replied with just one line.
00:25:47Next, let's verify the December 28 meeting moments.
00:25:52The fake minutes were finally on the table.
00:25:55They said I'd taken responsibility for the deposit at headquarters.
00:25:59At that exact same time, I was 600 kilometers away.
00:26:03These records are 17 minutes apart and 600 kilometers apart.
00:26:06How do you explain that?
00:26:07Maybe someone handled the backdated paperwork improper.
00:26:10Does backdating paperwork create a signature too?
00:26:20The evidence left no gaps.
00:26:22My entire morning, from the hotel to North Star Bank, was documented.
00:26:28Who created these minutes?
00:26:31I don't know.
00:26:32The eSeal log shows it came from your account.
00:26:36I'm not the only one who can access that account.
00:26:38Kelvin Industries do not interfere with the witness.
00:26:40Sarah, tell the truth.
00:26:42Grace told me to do it. She said Victor approved it and we were just filling in old records.
00:26:46That's a lie!
00:26:47The template and Ethan's signature image came from your office!
00:26:52They started fighting in front of all six banks.
00:26:55The harder Victor tried to distance himself, the more Sarah refused to take the fall alone.
00:27:02IT found a remote server login from last night.
00:27:04Someone was deleting approval logs dating back to December.
00:27:07Whose account?
00:27:12Victor Kleins.
00:27:13Routine cleanup.
00:27:14It had nothing to do with me.
00:27:16The login was verified through your phone.
00:27:18He kept calling me negligent.
00:27:20But the account deleting the evidence had his name on it.
00:27:25The room erupted.
00:27:26Now everyone could see Victor had been framing me.
00:27:30The hearing will continue.
00:27:32For now, Kelvin's negligency report will not be accepted as credible.
00:27:39Victor's meltdown didn't stop the hearing.
00:27:42Daniel called a 15 minute break while legal and IT secured the evidence.
00:27:48Our preliminary finding is that Kelvin caused the default itself.
00:27:51There's no evidence Ethan was negligent.
00:27:53Daniel, we can put up more caterals.
00:27:56Plant 2 is already fully pledged.
00:27:58What's left isn't enough to cover the risk.
00:28:00In other words, you've got nothing left to offer.
00:28:03I can personally guarantee it!
00:28:05Then you'll need real assets to back it up.
00:28:07He finally got it.
00:28:09Banks don't want promises.
00:28:10They want assets they can verify.
00:28:14With the syndicated facility frozen, there are serious doubts about Kelvin's ability to repay its debt.
00:28:20The 70 million bondholders meeting will be moved up.
00:28:23East Ridge calling in its loan was only the first hit.
00:28:25The real threat was the 70 million dollars bond.
00:28:28If the bond was accelerated, Kelvin's cash flow could collapse.
00:28:40Ethan, finance just found a suspicious payment.
00:28:45How much?
00:28:468.5 million.
00:28:48It went out the day before bonuses were paid.
00:28:52It went to a consulting firm less than six months old.
00:28:56It's controlled by Grace's brother, Leon Hall.
00:28:598.5 million.
00:29:01Exactly what East Ridge required for the collateral deposit.
00:29:07They didn't forget the collateral deposit.
00:29:09They moved the money.
00:29:11Ethan, I never approved this payment.
00:29:13Is there any way to trace it?
00:29:14Call the police.
00:29:16Any way without the police?
00:29:18Sure.
00:29:19Wait for Leon to give the money back himself.
00:29:23There's more.
00:29:24Sarah just admitted she made three transfers to the same firm over the past three months.
00:29:28Total?
00:29:3020 million.
00:29:33They thought this was one missed deposit.
00:29:36Now the real money pit was starting to show.
00:29:38By 5 that afternoon, Kelvin was officially in default.
00:29:42East Ridge froze several of its accounts.
00:29:55At 8 the next morning, Marcus showed up in person.
00:29:59We can talk. Lucas stays.
00:30:04Ethan didn't really have to come to this.
00:30:06I wasn't the one who sent the first legal notice.
00:30:09He went quiet for a few seconds, then slid a new contract across the table.
00:30:16We'll restore your title.
00:30:18$400,000 a year, a $700,000 bonus this year, plus 1% Phantom Equity.
00:30:23That's the best package the company can offer.
00:30:27Not bad.
00:30:30Come back, and we put all this behind us.
00:30:34I didn't say I was coming back.
00:30:38Then what do you want?
00:30:40Withdraw the negligence report, cancel the $8.5 million claim, publicly confirm I completed the handover.
00:30:45We can talk about all of that.
00:30:47Right now, we need the banks to trust us again.
00:30:51Daniel trusts me because I tell him the truth.
00:30:55Marcus probably thought I just wanted more money, but I didn't want a higher price.
00:30:59I wanted them to stop putting a price on me.
00:31:01Ethan, if Kelvin goes under, what happens to thousands of employees?
00:31:07Did you ask them that when you handed Victor a huge bonus and moved the collateral money?
00:31:11Since Mr. Blake says we can talk, let's start with this.
00:31:21Ethan wasn't even in the city that day.
00:31:23So how is his signature on these minutes?
00:31:25That's exactly the problem.
00:31:27I didn't press the issue of Victor framing me at the hearing.
00:31:30That didn't mean I was letting it go.
00:31:32You can call Victor right now.
00:31:35What happened with those meeting minutes?
00:31:37Ethan wasn't even at the office that day.
00:31:38He wasn't there, but it was still his responsibility.
00:31:41The banks wanted an explanation, so we gave him one.
00:31:44Who told you to put his signature on it?
00:31:46This isn't about the signature. We needed something to hold off the banks.
00:31:51Please, Mr. Klein, keep going.
00:31:53Who's there with you?
00:31:54My lawyer.
00:31:56That's when Victor realized every word he said was becoming evidence.
00:32:00Ethan, don't think a few emails get you off the hook.
00:32:02The collateral project was yours from the start.
00:32:05You blocked the deposit yourself.
00:32:07Who else is there to blame?
00:32:08I was protecting the company's interests.
00:32:10I was sending 8.5 million dollars to a shell company controlled by Grace's brother protecting the company too.
00:32:15That was a strategic consulting fee.
00:32:20Victor, I want every contract and payment record by two.
00:32:23So now you're throwing me under the best?
00:32:25I was wrong to trust you.
00:32:28Ethan, don't send that recording out yet.
00:32:30Too late.
00:32:36That afternoon, Kelvin finally issued a correction.
00:32:40But they were still trying to bury the worst part.
00:32:43They didn't mention the forged signature?
00:32:47They're trying to call a crime a management mistake.
00:32:50Then let the facts speak for themselves.
00:32:55I didn't send anything to the media.
00:32:57The evidence belonged with the banks, police, and courts.
00:33:01But Kelvin's problems ran too deep for one statement to cover up.
00:33:05Ethan, the news story's out.
00:33:07The suppliers have seen it too.
00:33:08What's the company saying?
00:33:09Marcus says it was just a few executives acting on their own.
00:33:12Are the accounts freezed?
00:33:13Eastridge froze four settlement accounts.
00:33:15The lending group put Kelvin on high-risk watch.
00:33:17This wasn't one rogue executive.
00:33:1920 million dollars moved out as consulting fees in just three months.
00:33:23Kelvin was leaking money from every direction.
00:33:25You owe us 4.3 min dollars, two months overdue.
00:33:28We need an answer today.
00:33:30You'll need to speak with finance.
00:33:32Finance is under investigation.
00:33:33Who's even authorized to sign now?
00:33:42Our biggest raw materials supplier cut us off.
00:33:47How long can inventory last?
00:33:48Three days, max.
00:33:50Marcus always said 300 million in revenue made cash flow a minor issue.
00:33:54But minor issues don't stop payroll leave production lines waiting on materials.
00:33:57The bond trustee tracks Kelvin's cash flow every day.
00:33:59The second trouble surfaced, they demanded an explanation for the credit freeze by noon tomorrow.
00:34:04Eastridge's 40 million dollars was only the first bomb.
00:34:06The clock was already ticking on the 70 million bond.
00:34:12If they can't explain the credit freeze, the bondholders will move the meeting up.
00:34:16Will that affect you?
00:34:19They'll try to drag me into it.
00:34:22I knew how Kelvin operated.
00:34:24First, call it a misunderstanding.
00:34:26Then pin it on someone who'd already left.
00:34:28But this time, the banks and creditors wanted proof.
00:34:33The trustee wants an explanation for the credit freeze.
00:34:35It's all over the employee chats.
00:34:36People missing paychecks waited downstairs all day.
00:34:38Keep the bondholders calm first.
00:34:39Without new collateral, they won't buy it.
00:34:41What about plant two?
00:34:42Eastridge already has a first priority lead on plant two.
00:34:44We can't touch it without the bank's approval.
00:34:47Then get Ethan to issue a statement.
00:34:51Ethan, the company will clear your name publicly.
00:34:53But first, we need a statement from you for the banks.
00:34:55A statement saying what?
00:34:56That Kelvin still has access to normal financing.
00:34:58And why would I say that?
00:34:59The company has nowhere else to turn.
00:35:02Okay. And how is that my problem?
00:35:04Nice words weren't going to stop the bondholders.
00:35:06At noon, they moved the meeting up.
00:35:07Kelvin has 24 hours to put up acceptable cattle.
00:35:10Otherwise, the 70 million bond comes due immediately.
00:35:12Does Marcus have enough assets in his own name?
00:35:14Not from what we can see.
00:35:20No sender name.
00:35:28The anonymous drive came with no explanation.
00:35:31Lucas didn't open it.
00:35:32He called a forensic firm first.
00:35:34We'll only make a forensic image.
00:35:35The original stays untouched.
00:35:37Make a forensic copy and record every step.
00:35:41Two hours later, the first directory was ready.
00:35:44The drive held two years of Kelvin's cash movements.
00:35:4617 suspicious payments totaling over $50 million.
00:35:50Nine were approved by Victor.
00:35:51The other eight happened before he joined the company.
00:35:53So he didn't dig the hole.
00:35:55He just kept digging.
00:35:56I stared at the oldest payment.
00:35:59$13 million had vanished from Kelvin two years earlier.
00:36:03Marcus told me a customer had paid late.
00:36:05If we don't get this bridge loan,
00:36:06payroll and supplier payments both stop.
00:36:09Then get the cost down.
00:36:12When $13 million suddenly disappeared,
00:36:14I had to run to four banks and plug the gap
00:36:16with an expensive bridge loan.
00:36:17Later, Marcus blamed me for the high financing costs.
00:36:22That company is controlled by Marcus's brother-in-law.
00:36:25So the customer delay was a lie.
00:36:27Marcus moved the money himself.
00:36:29There are chat logs too.
00:36:31Some approval IDs match Kelvin's server backups.
00:36:33Then this isn't just an anonymous tip.
00:36:37Read it.
00:36:39The guarantee field it says Ethan Reed.
00:36:44The hole kept getting deeper.
00:36:46And now they were trying to dump even more debt on me.
00:36:52Before the bank sent the file,
00:36:54the police were already moving.
00:36:56Grace never left the city.
00:36:58And her brother Leon's consulting firmie
00:37:00was nowhere near as big as the contract claimed.
00:37:02Where are the employee records?
00:37:04We work through outsourced partners.
00:37:05Then where's the work product for the 8.5 million in services?
00:37:09Most of the collateral money was transferred out
00:37:11the same day it arrived.
00:37:13Two more consulting payments brought the total to $20 million.
00:37:17Two million went to one of Victor's relatives.
00:37:20Some of the rest was moved offshore.
00:37:22And the remainder?
00:37:24Layered transfers.
00:37:25We haven't traced the final destination yet.
00:37:29Marcus can say his e-seal was misused.
00:37:32But for a payment this big,
00:37:33the bank usually calls to confirm.
00:37:37This wasn't some routine expense report.
00:37:39If it cleared every approval step,
00:37:41someone kept opening the door.
00:37:47The accounts are frozen.
00:37:49Only half of payroll went out.
00:37:50Has anyone started an employee committee?
00:37:52Not yet.
00:37:53Right now, everyone's just scared
00:37:55they won't be able to get into the factory tomorrow.
00:37:57I couldn't unfreeze their accounts.
00:37:58But employees couldn't be kept in the dark anymore.
00:38:01East Ridge has asked the court
00:38:03to freeze some of Kelvin's accounts and assets.
00:38:05The cash crunch was out in the open now.
00:38:07Next, the board would be looking for someone to blame
00:38:10and someone to save them.
00:38:14Henry was Kelvin's second largest shareholder.
00:38:17He'd stayed out of daily operations for eight years.
00:38:20Now Marcus had lost control and Henry stepped in.
00:38:23Ethan, the board is moving to suspend Marcus.
00:38:26What does that have to do with me?
00:38:27The banks will only listen if you explain the funding structure.
00:38:31We need your help steadying them.
00:38:33Everything said here is being recorded.
00:38:35Fine.
00:38:36The debt in the public financial staircase isn't the whole picture.
00:38:40After forged minutes and suspicious payments,
00:38:42I treated every page from Kelvin like evidence.
00:38:47What's the real number?
00:38:49About $540 million.
00:38:53Off book financing?
00:38:54Three private lenders.
00:38:56Six loans.
00:38:57Did the funds ever enter Kelvin's accounts?
00:38:59Only about $30 million ever reached Kelvin.
00:39:01Where did the rest go?
00:39:06We're still investigating.
00:39:07Still investigating usually means someone knows the answer
00:39:10and doesn't want to say it.
00:39:11You wanted me to keep the banks calm
00:39:13so you could use the credit line to cover off-box losses?
00:39:16If the banks restore part of the facility,
00:39:18we still have a chance to restructure
00:39:19and keep hiding the real debt.
00:39:21The board will overhaul everything.
00:39:23And who's guaranteeing that?
00:39:29I'll take over temporarily and bring in outside auditors.
00:39:33That's your rescue plan, not mine.
00:39:36Three lenders are ready to sue.
00:39:37If the court freezes what's left,
00:39:39the factory's shut down completely.
00:39:41So what do you want me to sign?
00:39:46He won't sign a word.
00:39:48The moment I said the guarantee was under review,
00:39:51they could twist it into me admitting it might be valid.
00:39:54Why is my name on your off-books debt too?
00:39:59The board only learned yesterday that your name was on them.
00:40:01You've reviewed the books for years and nobody knew?
00:40:03Marcus controlled the financial reporting in the CEO's office.
00:40:06A lot never reached the board.
00:40:07That doesn't explain why my name is here.
00:40:10Every one of them says Ethan was Kelvin's key treasury executive
00:40:14and voluntarily assumed joint and several liability.
00:40:17Two of them even say I own 5% of the company.
00:40:19You don't own any shares? Not a single share.
00:40:22Marcus had promised me equity for years.
00:40:25The promise never made it to paper.
00:40:27The debt did.
00:40:32Daniel, I'm listening.
00:40:34United Bank has a 43 million acquisition loan guarantee in its files.
00:40:37You're listed as the guarantier.
00:40:39Lucas has the scan.
00:40:41We won't come after you personally until we verify it,
00:40:43but we need your response quickly.
00:40:44Date on the document?
00:40:45April 16 last year.
00:40:49I was at United Bank that day.
00:40:51Kelvin was applying for acquisition financing.
00:40:53I was there only to explain the project's cash flow.
00:40:56Please sign the interview record here.
00:40:59I'm only confirming what I said today.
00:41:01This is not a personal guarantee.
00:41:03Understood.
00:41:08It looks complete.
00:41:09Complete doesn't mean real.
00:41:11Don't jump to conclusions yet.
00:41:14Whoever made it was careful.
00:41:16The signature looked like mine.
00:41:18The ID was real.
00:41:19And even the fingerprint stamp was in the right place.
00:41:23I only signed the interview record in a handover form that day.
00:41:26If the footage shows someone altered the file after you left,
00:41:29this guarantee could blow back on whoever made it.
00:41:37The guarantee was 14 pages.
00:41:39The first 12 matched.
00:41:40The last two had slightly different ink and binding holes.
00:41:44Your signature is on the second to last page.
00:41:47Meaning the signature page may have been swapped in later.
00:41:50That's enough to get it examined.
00:41:53The footage came back fast.
00:41:55It showed me leave right after I signed the interview record.
00:41:57The original seal request named Marcus Blake is the personal guarantee.
00:42:01The filed version named you instead.
00:42:04Who filed the final version?
00:42:06It came from Kelvin Finance.
00:42:08Sarah was the contact.
00:42:11If that's true, the board was lied to too.
00:42:13That doesn't make the debt mine.
00:42:15Henry, we'll keep the debt list you brought as evidence.
00:42:17Then what happens to the company?
00:42:19Whoever forged it answers for it.
00:42:21They're trying to dump another debt on you?
00:42:2443 million this time.
00:42:28Go to sleep.
00:42:29The debt won't disappear just because you lose another night over it.
00:42:36For eight years, I kept cleaning up the company's messes.
00:42:39Now I know their problems aren't mine to carry.
00:42:46I didn't arrange that guarantee.
00:42:48Who was supposed to guarantee it?
00:42:55Marcus already admitted two things.
00:42:57He was supposed to be the guarantor and the company kept your signature and fingerprint on file.
00:43:01Does that prove it's fake?
00:43:02Not by itself.
00:43:03But it's enough for police and the banks to keep digging into the CEO's office.
00:43:06One admission doesn't make a case.
00:43:08Every link needs evidence behind it.
00:43:09Daniel knows too?
00:43:10Once a guarantee like this is in doubt, all six banks will know.
00:43:14Banks can live with risk.
00:43:15What they won't tolerate is fake paperwork in the files.
00:43:17Especially when it puts a guarantee on a treasury director who had no shares and no authority.
00:43:27It's a delivery.
00:43:35I'd never seen that index.
00:43:37And I never authorized anyone to make a stamp for my fingerprint.
00:43:39We don't know if the sender is credible, but the document matters.
00:43:42Don't touch the original.
00:43:43Who would send us this?
00:43:44Someone inside the company who was afraid of going down with them.
00:43:47Kelvin was in chaos, no one trusted anyone, and people were leaking evidence to save themselves.
00:43:57Marcus already admitted two things.
00:43:59He was supposed to be the guarantor and the company kept your signature and fingerprint on file.
00:44:02Does that prove it's fake?
00:44:04Not by itself.
00:44:05But it's enough for police and the banks to keep digging into the CEO's office.
00:44:08One admission doesn't make a case.
00:44:10Every link needs evidence behind it.
00:44:11Daniel knows too?
00:44:12Once a guarantee like this is in doubt, all six banks will know.
00:44:16Banks can live with risk.
00:44:17What they won't tolerate is fake paperwork in the files.
00:44:19Especially when it puts a guarantee on a treasury director who had no shares and no authority.
00:44:29It's a delivery.
00:44:37I'd never seen that index, and I never authorized anyone to make a stamp for my fingerprint.
00:44:41We don't know if the sender is credible, but the document matters.
00:44:44Don't touch the original.
00:44:45Who would send us this?
00:44:46Someone inside the company who was afraid of going down with them.
00:44:49Kelvin was in chaos, no one trusted anyone, and people were leaking evidence to save themselves.
00:44:56Three lenders wanted my assets frozen.
00:44:58Their case looked simple.
00:45:00Contracts, signatures, fingerprints, recordings.
00:45:03All pointing at me.
00:45:04Mr. Reid was Kelvin's treasury head.
00:45:06The contracts carry his signature and fingerprint stamp.
00:45:08We asked the court to freeze his property and bank accounts immediately.
00:45:11You funded the loans without ever meeting the guarantier.
00:45:14Was your risk process just for show?
00:45:16We also have a recording.
00:45:18If Kelvin Industries can't repay the debt, I, Ethan Reid, will be jointly lived.
00:45:21That voice sounded exactly like mine.
00:45:23If I weren't the one being framed, I might have believed it for half a second.
00:45:28The loan term is 36 months.
00:45:30Interest will be as set out in the agreement.
00:45:32Mr. Blake.
00:45:33Then I caught the flaw.
00:45:34Someone in the background said, Mr. Blake, and Marcus answered.
00:45:39Pause it.
00:45:41Mr. Reid, what would you like to say?
00:45:43Marcus Blake is on that recording.
00:45:45If they say I signed the guarantee, explain why he was the one in the room.
00:45:48We request voice analysis, forensic analysis for signs of editing, and all visitor logs from that date.
00:45:52This is a delay tactic.
00:45:53If your evidence is genuine, what are you afraid of?
00:45:56Granted.
00:45:57The freeze request is on hold until the forensic report and additional evidence are submitted.
00:46:01They used a fake voice to go after my house and accounts.
00:46:04But one quiet reply put Marcus there too.
00:46:09He's not just dumping the debt on you.
00:46:11He's getting ready to run.
00:46:17By the next morning, the forensic results started coming in.
00:46:20First handwriting, none of the six signatures were mine.
00:46:23The stroke pauses, connections, and finishing pressure
00:46:27don't match Ethan Reid's known samples.
00:46:32These weren't live fingerprints.
00:46:34The same stamp was used on all six.
00:46:36So someone made a stamp from his fingerprint in advance?
00:46:38Based on the ridge edges, yes.
00:46:42Strangely, I wasn't even that angry.
00:46:44Stealing my signature was crazy enough.
00:46:46But they'd even made a mold of my fingerprint.
00:46:48The recording has 27 splice points.
00:46:51Some lines came from completely different acoustic environments.
00:46:54And what about the line on the loan term?
00:46:56Most likely from a management meeting.
00:46:58The original phrase was 36 business days, not 36 months.
00:47:05Used fake audio, forged signatures, and a fingerprint stamp
00:47:09to freeze the assets of a man who was never even there.
00:47:12We're victims too. Kelvin gave us the documents.
00:47:15Then explain why you funded the loans without ever meeting him.
00:47:23The current evidence does not establish Ethan Reid's guarantee reliability.
00:47:27The three freeze applications are denied.
00:47:32Hundreds of millions in debt that appeared under my name suddenly had no legal foot ring.
00:47:37But Lucas wasn't smiling.
00:47:39Ethan, this isn't finished.
00:47:40The forged documents are just the surface.
00:47:43What do you want to look into?
00:47:47Who got the loan commissions?
00:47:52That afternoon, a loan officer at one private lender was taken in for questioning.
00:47:57Investigators found a commission sheet on his computer.
00:47:59He got a 3% kickback on every loan he funded.
00:48:02Who paid it?
00:48:04An affiliated company controlled by Marcus's brother-in-law.
00:48:09That connected the dots.
00:48:11Leon's company wasn't just taking the money.
00:48:13It was laundering kickbacks through fake consulting fees.
00:48:17Don't list this as loan services.
00:48:18Change it to financing strategy consulting.
00:48:20Split the amounts across different months.
00:48:22Don't bunch them up and trigger an audit.
00:48:23Got it. I'll backfill the contract tonight.
00:48:25Victor didn't start this.
00:48:26He inherited the setup and scaled it up.
00:48:30That's the sickest part.
00:48:32The board thought the disaster started when Victor came in.
00:48:35But the company had been bleeding money long before that.
00:48:45The report's out.
00:48:47How bad?
00:48:49Real debt is close to $540.
00:48:51Valid assets are worth less than $370 million.
00:48:57Kelvin still had factories, orders, and equipment.
00:49:01But once production stopped and assets were tied up, their value kept falling.
00:49:05Kelvin is filing for pre-restructuring.
00:49:07The employee chats are blowing up.
00:49:09Payroll?
00:49:11Only half went out.
00:49:15Police found guarantee templates on an old computer in the CEO's office.
00:49:19They may be connected to your signature records.
00:49:22After the fake audio, fake guarantees, and the commission sheet, the part that really chilled me finally surfaced.
00:49:28The CEO's office wasn't just storing documents.
00:49:33Police found more than 20 fingerprint stamps for Kelvin executives in the CEO's office archive.
00:49:39Mine was Nerf 7.
00:49:40No usage record at all.
00:49:42No record doesn't mean it wasn't used.
00:49:44It means someone didn't want it recorded.
00:49:46What about the old computer?
00:49:49The template was created by Victor Klein.
00:49:51The latest print job came from Marcus's secretary's account.
00:49:54Victor wasn't even at the company four years ago.
00:49:58Victor triggered the first blast, but he wasn't the only one planting bombs.
00:50:03Marcus told me to print them.
00:50:05He said they were backups and would never be used.
00:50:08What else did he ask you to do?
00:50:10Early this morning, he told me to bring some cash to a parking garage.
00:50:13I got scared and didn't go.
00:50:17Marcus's car was abandoned here.
00:50:19His driver is missing, and there's something wrong with the passport records.
00:50:24At the same time, the driver had booked a flight out of a border city for that night using a
00:50:28fake name.
00:50:30He's trying to leave the country.
00:50:32Border control and the airports have already been alerted.
00:50:39The driver will talk.
00:50:41Marcus thought he could burn the papers, turn off his phone, ditch the car, and leave the blame in Kelvin's
00:50:47ruins.
00:50:49We found Marcus.
00:50:53Police found Marcus hiding in an empty apartment owned by his brother-in-law.
00:50:57Phone off, cards disabled, half-burned contract pages by the fireplace.
00:51:01I was hiding from creditors, not running.
00:51:03Your driver says you told him to plan an escape route and get a fake passport.
00:51:07He did that on his own.
00:51:13Your secretary says you told her to deliver cash.
00:51:17He was still trying to make it look like everyone acted on their own.
00:51:20But this time, the evidence got there first.
00:51:22The board will file for pre-restructuring and suspends Marcus Blake from all positions.
00:51:27You're only suspending him now?
00:51:28Real debt is already close to 440 million.
00:51:31We'll protect the core production lines and jobs.
00:51:33Employees only trust payroll and benefits that are written into the plan.
00:51:36I used to be the one saying that.
00:51:38Now Noah had learned it too.
00:51:40A verbal promise doesn't mean much.
00:51:42Once the application is filed, we'll convene a creditors meeting as soon as possible.
00:51:46Banks, suppliers, and employees will all be there.
00:51:48The six banks won't accept verbal explanations anymore.
00:51:51Every dollar has to be traceable.
00:51:55Kelvin finally entered pre-restructuring.
00:51:58Marcus was detained.
00:51:59Victor, Sarah, and Grace were all blaming one another.
00:52:01But this wasn't a victory.
00:52:05Are you gonna take another call?
00:52:06If it's the company, no.
00:52:08If it's an employee, I'll hear them out.
00:52:11Ethan, we're not asking you to save the bosses.
00:52:13We just want you to check whether the restructuring plan has enough money for payroll.
00:52:19I won't bail off my old company.
00:52:22But the people who didn't fake contracts or move money shouldn't go down with them.
00:52:27Noah's petition was covered in signatures.
00:52:30More than 3,000 names behind the same request.
00:52:32If you're here to ask him back to Kelvin, you can leave now.
00:52:34No, we're not here to save Marcus.
00:52:38We just want Ethan to check whether the restructuring plan actually sets aside enough for payroll.
00:52:45I knew them.
00:52:46Some had been there six years, some less than one.
00:52:49When the crisis hit, they learned the board's promises didn't mean there was money to pay them.
00:52:57You formed an employee committee?
00:52:58Temporary. Wages, health insurance, retirement contributions.
00:53:01Everything has to be written into the plan.
00:53:03We don't trust verbal promises anymore.
00:53:04We pooled $180,000 for consulting fees.
00:53:07Just a little from everyone.
00:53:08Take the money back.
00:53:11Ethan.
00:53:11Leave the documents.
00:53:12I'll review the employee section only.
00:53:14Banks, creditors, shareholders, I stay out.
00:53:17I won't defend my old company or bad loans.
00:53:20But innocent employees shouldn't be left wondering if they'll get paid.
00:53:23One rule? No all-nighters.
00:53:25Not this time.
00:53:26I'll have them send everything to my firm.
00:53:28Ethan gives advice only.
00:53:30He won't touch the money.
00:53:31Understood.
00:53:31We want rules.
00:53:32We don't want you carrying the company again.
00:53:40The plan looked like it could save the production line.
00:53:44But the first page had a problem I'd seen before.
00:53:47The payroll budget covers only two months.
00:53:56Hobsstone, Kelvin's new investor, was now part of the restructuring.
00:53:59Henry represented the investor side.
00:54:02Ethan, I hear you're only reviewing payroll for the employees.
00:54:05To be clear, I don't represent any company.
00:54:08I only flag risks.
00:54:12Go ahead.
00:54:13Set up a dedicated payroll account.
00:54:15Fund six months of wages, health insurance, and retirement contributions up front.
00:54:19No debt payments, purchasing, legal fees, or transfers out.
00:54:23That locks up at least $12 million in cash.
00:54:25If pay stops in month three, production stops again.
00:54:28Then you'll lose far more than $12 million.
00:54:32Who oversees it?
00:54:33One employee rep and one outside supervisor.
00:54:36My firm can oversee it.
00:54:37Ethan doesn't touch the money.
00:54:39Agreed.
00:54:40Submit the revised plan tomorrow.
00:54:43It was the first Kelvin document I'd touched since leaving.
00:54:46This time, it wasn't protecting the boss's numbers.
00:54:52The employee committee accepts.
00:54:55Then we'll prepare for the first creditors meeting.
00:55:05Marcus would join by video.
00:55:07Even then, he wasn't going to admit he was out.
00:55:14Before the first creditors meeting, the administrators sent everyone the audit summary.
00:55:18A few pages said more than any apology could.
00:55:21The meeting will be fully recorded.
00:55:23Keep comments to the pre-restructure plan.
00:55:26Kelvin is only facing a temporary cash rush.
00:55:29The core assets and orders are still there.
00:55:31Restore the credit lines, and we can recover on our own.
00:55:34Then explain 17 suspicious payments, over $900 million in exposure from fake guarantees, $60 million in off-book financing, and
00:55:41$20 million in shell company consulting fees.
00:55:44Those issues are under investigation.
00:55:46They don't reflect Kelvin's real operating strength.
00:55:48You said it was a process issue when you owed us over $7 million too.
00:55:54Marcus loved calling every crisis temporary.
00:55:56The books weren't playing along anymore.
00:55:59The board has suspended Marcus and will cooperate fully with the restructuring.
00:56:02The old board missed off-book financing and forged guarantees.
00:56:05Its oversight role must be reassessed.
00:56:07Employees made no board decisions and signed no guarantees.
00:56:10We want three things.
00:56:11Back pay, restored health insurance and retirement contributions, and protection for core jobs.
00:56:15Does Hobbit Group accept those terms?
00:56:16Yes. We'll put another $12 million into the dedicated payroll account.
00:56:19The account requires signatures from an employee rep and an outside supervisor.
00:56:22No executive can move the money alone.
00:56:23All six banks support that arrangement.
00:56:25We support it too.
00:56:26The room had turned, but no one was waiting for Marcus still needs to answer for this.
00:56:29The missing money to come back just take charge anymore.
00:56:31Is Ethan pulling the strings behind all of you?
00:56:33No. He only checked whether the payroll funding is enough.
00:56:35That's something the company should have handled itself.
00:56:39After Noah said that, Marcus's feed was cut.
00:56:42The administrative wasn't giving him more time.
00:56:44Read it before you sign.
00:56:45Six months funded, payroll only, no pledging, and the money can't be frozen to pay ordinary debts.
00:56:50What if production recovers faster than expected? What happens to the extra money?
00:56:52It stays there until the restructuring plan is final.
00:56:55Payload isn't the company's emergency fund.
00:57:01Finance used to say cash was tight and all we could do was wait.
00:57:04At least now we know where the money is.
00:57:07Money locked in the account was worth more than any promise from a boss.
00:57:10Does Hobstone Group confirm the additional employee only funding?
00:57:12Confirmed. The account opens this afternoon. The first deposit hits within 24 hours.
00:57:17The banks agreed to discuss restarting production as long as payroll funds were kept separate.
00:57:22Core suppliers can resume partial deliveries, but minimum safety payments have to clear first.
00:57:26The plan already sets out the payment priority.
00:57:30You cannot decide Kelvin Industries' future without my consent.
00:57:33You're suspended. The creditors decide now under court supervision.
00:57:39I founded this company.
00:57:41And you're the one who drove it into pre-restrelation.
00:57:43There was no applause or laughter. Just pages turning.
00:57:48Rules don't need to shout to remove someone from power.
00:57:54The pre-restrelation framework passes in principle.
00:58:01Read it.
00:58:05It wasn't an apology. It just looked like one at first.
00:58:08Marcus says you helped build Kelvin with him.
00:58:10He admits mishandling the bonus and says he was wrong to trust Victor.
00:58:13Keep going. He's offering you all his remaining shares if you tell police and the banks the guarantees were normal
00:58:17company financing.
00:58:18He still wants you to change your story for him?
00:58:20Not change it. He wants me to turn forgery into procedure.
00:58:22Even now, Marcus didn't get it. I didn't leave because we couldn't agree on a price.
00:58:29Lucas, send the original to police and the administrator.
00:58:32You're sure?
00:58:33He's offering shares to buy my testimony. That's evidence too.
00:58:38Ethan, if you took the shares, a lot of people would say you won.
00:58:40I don't need Kelvin shares to prove I won.
00:58:43Then what do you want?
00:58:44Clear my name, get people paid, and hold the forgers accountable.
00:58:49That's enough.
00:58:55The framework is approved.
00:58:57Hobfield gets exclusive investment rights.
00:58:59The employee payroll account will be set up today.
00:59:01Hobfield will implement the revised plan.
00:59:03The six banks will keep reviewing phages to credit support under the new oversight structure.
00:59:08The supplier committee will join the oversight.
00:59:10The old board had no seat in the new structure.
00:59:12Banks, employees, suppliers, and the administrator were finally at the same table.
00:59:17Now we couldn't just cut people off anymore.
00:59:24The day the new rules came out, Noah called me.
00:59:26Ethan, the bonus rules are public now.
00:59:28Contribution, project risk, approval responsibility, it's all spelled out.
00:59:31And any bonus change needs a written reason.
00:59:34Employees can request a review.
00:59:35I used to think bigger companies meant better rules.
00:59:37Turns out rules just become someone else's weapon.
00:59:39Everyone says your $2,000 bonus made it into company policy.
00:59:42Don't make me the cautionary tale.
00:59:43You're not.
00:59:44The company paid $540 million to learn that professionalism isn't weakness.
00:59:52I never threw away that badge.
00:59:55It wasn't a souvenir.
00:59:57It was a reminder.
01:00:00Same signature.
01:00:02This time, it wasn't to take the blame.
01:00:19I stared at Noah's message for a long time.
01:00:22In the end, I sent a short reply.
01:00:27You don't want to go?
01:00:29It's not that I don't want to.
01:00:30There's just no reason to go now.
01:00:32That place took eight years of my life, and I'm not going back.
01:00:35A company should run on rules, not on one person holding it together.
01:00:39A month later, Lucas and I rented this small office.
01:00:43No ribbon-cricking, no champagne.
01:00:45Just two desks, a printer, and a clear set of rules.
01:00:49Those three rules beat any ad.
01:00:50They'll scare off plenty of clients, too.
01:00:52Good.
01:00:52Saves us from semen in court later.
01:00:54Our first client came in at 5.40 p.m.
01:00:57A manufacturer with a thick stack of financing documents.
01:01:00It's urgent.
01:01:01Can you fix the plan tonight?
01:01:02The bank wants it tomorrow morning.
01:01:04We'll talk at 9 tomorrow.
01:01:05Won't that put us behind?
01:01:07The problem needs an overnight fix.
01:01:08It's probably been ignored for too long.
01:01:14I used to stay.
01:01:15Now I go home for dinner.
01:01:18Bye.
01:01:21Bye.
01:01:23Bye.
01:01:24Bye.
01:01:25Bye.