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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 company at the time. From 1999 to 2002, senior executives at WorldCom led by founder and CEO Bernard Ebbers orchestrated a scheme to inflate earnings in order to maintain WorldCom's stock ...
Sullivan attended Bethlehem Central High School in Delmar, New York. He graduated from the State University of New York at Oswego in 1983, and was awarded the Anniversary Class Award for alumni in 1998. [1] Sullivan was CFO, treasurer and secretary of WorldCom from December 1994 to December 2002, and was its executive vice president from April ...
Cynthia Cooper is an American accountant who formerly served as the Vice President of Internal Audit at WorldCom.In 2002, Cooper and her team of auditors worked together in secret and often at night to investigate and unearth $3.8 billion in fraud at WorldCom [1] which, at that time, was the largest corporate fraud in U.S. history.
Bernard Ebbers, who built WorldCom Inc into a telecommunications giant and was convicted in one of the largest U.S. accounting scandals, died on Sunday, his family said in a statement. Ebbers ...
By the time Dominelli pleaded guilty to mail fraud, bankruptcy fraud and income tax evasion in 1985, the government estimated he might have lost $80 million of investors’ money in his Ponzi ...
Smith-Griffin is accused of lying about contracts with schools to get $10 million in investment. ... Harvard who was recognized on a 2021 Forbes 30 Under 30 list with fraud. ... Iowa State aims to ...
The Complaint alleged that the WorldCom Retirement Plan administrators were WorldCom insiders who knew or had reason to know that the price of WorldCom stock was artificially high because public statements concerning the Company's business and prospects were false or misleading to investors. When the facts became public, the stock plummeted ...
Two Kentucky residents cheated borrowers and investors out of more than $3 million, a federal grand jury has charged. Mark Carroll, 47, of Lexington and Luke Curry, 36, of Bowling Green were ...