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The company is best known for being embroiled in one of the largest accounting scandals in the country, which came on the heels of the Enron and Tyco frauds.
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Chang, 355 F.3d 164, 178 n. 11 (2d Cir. 2004). An omitted fact may be immaterial if it is "trivial," or "so basic that any investor could be ...
Here are profiles of the three principal players in the WorldCom-Citigroup story -- Jack Grubman, Bernie Ebbers, and Sandy Weill -- whose interconnected ...
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The principal players in WorldCom's accounting fraud included CFO Scott Sullivan, the General Accounting and Internal Audit departments, external auditor ...
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Worldcom, once valued at over $100 billion, met its downfall due to dishonesty and deceit. The company's story began with the breakup of AT&T in 1983, ...
Feb 14, 2024 · WorldCom was under pressure to maintain its stock price, especially after a failed merger with Sprint. To keep investors happy, they resorted to ...
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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 ...
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Jul 12, 2002 · Current and former company executives testified about accounting errors that resulted in a $4 billion mistake on reports of company earnings ...
Jul 3, 2002 · The chief executive of WorldCom issued a public apology on Tuesday in the wake of his company's $3.8 billion US earnings restatement a week ...
Mar 24, 2024 · This high school basketball coach broke Wall Street. Here's the story of one of the biggest frauds in history. His Bernard Ebbers. The ...
