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 ...

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.

Aug 11, 2021 · Following Cooper's report, the Securities and Exchange Commission (SEC) launched its own investigation into WorldCom's accounting and found that ...

The Securities and Exchange Commission today filed a proposed settlement in its civil action against WorldCom Inc. in federal district court in the Southern ...

Sep 29, 2021 · WorldCom's accounting scandal is a riches-to-rags story. Until its demise in mid-2002, WorldCom was regarded as the second-largest ...

Oct 23, 2020 · WorldCom's accounting fraud scandal amounted to an inflated revenue of over $70 billion. WorldCom eventually filed for bankruptcy in 2002, a ...

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 ...

The meteoric rise and fall of WorldCom has been intimately linked to Wall Street investment firms -- in particular Salomon Smith Barney and its parent ...

In many ways, WorldCom is just another case of failed corporate governance, accounting abuses, and outright greed. But none of these other companies had senior ...

Rakoff today issued an Opinion and Order approving the SEC's settlement with WorldCom, Inc. The settlement remains subject to review and approval of the United ...