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- WorldCom scandal - Wikipedia
The WorldCom scandal was a major accounting scandal that came into light in the summer of 2002 at WorldCom, the USA's second-largest long-distance telephone company at the time
- The Rise and Fall of WorldCom: Story of a Scandal - Investopedia
WorldCom was a U S -based telecom company that underwent one of the largest bankruptcies in U S history following a massive spate criminal of accounting fraud
- Fraudulent Accounting and the Downfall of WorldCom
The SEC charged WorldCom with civil fraud and reached a $2 25 billion settlement Several executives and the CEO were indicted on charges of securities fraud, conspiracy, and filing false documents with regulators
- WorldCom Scandal: History, Key Players and Discovery
Once a telecommunications giant, WorldCom’s meteoric rise to prominence was followed by a catastrophic fall from grace due to one of the largest accounting scandals in history WorldCom, initially known as Long Distance Discount Service (LDDS), was founded in 1983 by businessman Bernard J Ebbers
- The WorldCom Scandal (2002) - International Banker
Until its demise in mid-2002, WorldCom was regarded as the second-largest long-distance US telecommunications company Although changing market conditions contributed to its profitability slide, its executives’ deliberate “cooking” of its books led to bankruptcy and prosecution
- The rise and fraud of WorldCom - NBC News
In a new documentary, CNBC examines how Bernie Ebbers built WorldCom into a telecom giant that had competitors scrambling but ultimately recorded the nation’s biggest accounting fraud
- WorldCom - Verizon
WorldCom was a leading communications company that was acquired by Verizon Communications in January 2006 Known as MCI at the time of the merger, WorldCom’s network assets are now part of Verizon Business WorldCom was originally founded in 1983 as Long Distance Discount Service, Inc
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