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Chapter 4: The Secret Inside the Second Folder

For the first time that evening, Brittany looked genuinely afraid.

Not embarrassed. Not offended. Afraid.

“Mark, don't,” she whispered.

Her husband kept his hand on the folder.

“Daniel deserves to know what he's being asked to invest in.””

I closed the private dining room door behind me. Through the glass panels, I could see Maya speaking quietly with another server while Robert supervised the replacement of the stained tablecloth. The restaurant continued operating, but inside that room, the atmosphere had changed completely.

“Sit down,” I said.

Mark sat immediately.

Brittany remained standing.

“I'm not going to sit here while my husband humiliates me in front of someone we went to school with.””

I pulled out a chair.

“Then you may leave. But if your company expects an investment from mine, the financial discussion will continue with or without you.””

She stared at me.

“You wouldn't dare.””

“I don't make business decisions based on dares.””

Mark opened the folder.

Inside were financial statements, email printouts, and several pages marked with yellow tabs. He pushed the documents across the table.

“Three years ago, we acquired a historic hotel property outside Nashville,” he explained.

“Brittany managed the renovation. It was supposed to become our flagship project.””

I examined the first statement.

The numbers immediately caught my attention.

“Your construction costs increased by almost forty percent.””

“That's what I told the board,” Mark replied.

“But Brittany said the increases were temporary. She assured us the contractor had found structural problems that weren't included in the original inspection.””

Brittany finally sat down.

“Because that's exactly what happened.””

Mark turned another page.

“Then why did you authorize three payments to the same consulting company?””

She glanced at the document.

“Those were legitimate consulting fees.””

“Whose company is it?””

“An outside consultant we hired.””

Mark pulled out a printed corporate registration.

“It's registered to your brother.””

Silence settled over the room.

I looked at Brittany.

She lifted her chin.

“My brother has twenty years of experience in property development. He's entitled to earn money for his work.””

“Absolutely,” I said.

“But related-party transactions must be disclosed, and the services must justify the payments.””

“They were disclosed.””

Mark shook his head.

“Not to the board. Not to our lenders. And not to me until last month.””

Brittany's face hardened.

“You were never interested in the details, Mark. You wanted me to run the project, so I ran it.””

“I trusted you.””

“And now you're blaming me because the market changed?””

Mark rubbed both hands over his face.

For a moment, he looked less like a wealthy businessman and more like an exhausted husband who had just discovered that the person sleeping beside him had been keeping a second life hidden behind a locked door.

I continued reviewing the documents.

The consulting fees were substantial, but the payments alone didn't establish wrongdoing. I needed invoices, contracts, bank records, and an independent review before drawing conclusions.

“What exactly do you want from Carter Hospitality Group?”” I asked.

Mark straightened.

“We need an investment of four million dollars. That would allow us to refinance the construction loan, finish the hotel, and avoid selling our other properties.””

“And what equity are you offering?””

“Thirty-five percent.””

I looked up.

“Thirty-five percent for four million?””

He nodded.

“That valuation assumes the hotel opens by spring.””

“Assumptions don't pay creditors.””

“I know.””

“Do you?”” I placed the financial statement on the table.

“Your company has outstanding obligations that appear substantially higher than the amount described in your proposal.””

Mark's face tightened.

“Some liabilities are still being reconciled.””

“By whom?””

He glanced at Brittany.

She folded her arms.

“By our accounting department.””

“Then why is the debt schedule incomplete?””

Neither answered.

I leaned back.

“I won't invest four million dollars in a company whose leadership can't agree on where its money went.””

Brittany slammed her palm against the table.

“This is absurd! You haven't even seen the property!””

“I've seen the preliminary inspection reports.””

“You've seen reports prepared by people who want to make us look bad.””

“Then show me evidence that contradicts them.””

She opened her mouth.

Nothing came out.

Mark looked at me desperately.

“Daniel, please. We can correct the records. I'll bring in an independent auditor tomorrow morning. I'll personally guarantee that every document is provided.””

“Your personal guarantee doesn't solve a governance problem.””

“Then tell me what would.””

I considered him.

Despite everything, I believed Mark was trying to save his employees and his company. His fear seemed genuine, and the financial records suggested that he had lost control of decisions he once trusted his wife to handle.

But sympathy wasn't a substitute for due diligence.

“An independent audit,” I said.

“A complete disclosure of related-party payments. An accurate list of creditors. And a review of who approved each major expenditure.””

Mark nodded quickly.

“Agreed.””

Brittany shot to her feet.

“No. Absolutely not.””

Mark stared at her.

“What?””

“You're not handing our private records to strangers.””

“Daniel is considering investing four million dollars.””

“He's an old classmate who happens to own a restaurant chain!””

I kept my expression neutral.

“Hospitality group.””

She ignored me.

“Mark, do you realize what this audit will do to us? Our competitors will hear rumors. Our lenders will panic. Our employees will start asking questions.””

“Then we should have accurate answers,” he replied.

She turned toward me.

“You're enjoying this.””

“No.””

“Don't lie. You think you're finally getting revenge because I laughed at you tonight.””

I studied her face.

“Brittany, if revenge were my objective, I wouldn't need your financial statements.””

Her cheeks reddened.

I gathered the documents into a neat stack.

“Here's my decision. I won't approve an investment tonight. If your company provides complete records and the independent review checks out, my team will reconsider the proposal.””

Mark released a shaky breath.

“Thank you.””

“Don't thank me yet. This isn't an agreement to invest.””

Brittany grabbed her purse.

“We're leaving.””

Mark didn't move.

“I'm staying.””

She stared at him.

“You're choosing him over your own wife?””

“I'm choosing to understand what happened to our company.””

For several seconds, she looked as though she might throw something.

Instead, she turned toward the door.

Then she stopped and looked back at me.

“You think you've won, Daniel.””

I said nothing.

She opened the door and walked out.

Mark remained seated, staring at the folder.

Finally, he spoke.

“There's one more thing. Something I haven't told anyone on the board.””

I waited.

He lowered his voice.

“Three days ago, I discovered a transfer that doesn't appear anywhere in the official accounting records.””

He slid a bank statement toward me.

The amount was $750,000.

The recipient was a company I didn't recognize.

May you like

But the authorization signature at the bottom belonged to someone I knew.

My own chief financial officer.

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