MCI WorldCom (Allegedly Unethical Firms)

MCI WorldCom Sites:

WorldCom Sought Influence Up to Announcement WorldCom Sought Influence Up to Announcement: "Access to Politicians in Both Parties, Donations Mean Earnings Scandal May Have Fallout on Hill." [Washington Post] (MCI WorldCom) http://www.washingtonpost.com/wp-dyn/articles/A51915-2002Jun26.html WorldCom Formally Charged with Fraud WorldCom Formally Charged with Fraud: "WorldCom today moved closer to bankruptcy as US regulators formally charged the telecoms giant with fraud by inflating its profits through improper accounting." By Mark Tran. [Guardian] (MCI WorldCom) http://www.guardian.co.uk/worldcom/story/0,12167,744980,00.html SBC Ameritech Files Complaint Against MCI for Slamming in Illinois SBC Ameritech Files Complaint Against MCI for Slamming in Illinois: "SBC Ameritech Illinois filed a complaint with the Illinois Commerce Commission calling for an end to alleged deceptive sales and marketing practices, and slamming by WorldCom Inc.'s MCI Group." [SF Gate] (MCI WorldCom) http://www.sfgate.com/cgi-bin/article.cgi?f=/news/archive/2002/06/27/financial1910EDT0411.DTL SEC Charges WorldCom’s Former CFO with Financial Fraud SEC Charges WorldCom’s Former CFO with Financial Fraud: The commission charged Scott D. Sullivan, WorldCom's former Chief Financial Officer, with altering WorldCom's books and making false and misleading statements about the health of the company. [SEC] (MCI WorldCom) http://www.sec.gov/news/press/2004-25.htm WorldCom: The Sky is Falling WorldCom: The Sky is Falling: ZDNet News special report. "It's Enron, part II. Add almost $4 billion in 'outrageous' accounting irregularities to a company already in debt, and you've got a crisis." (MCI WorldCom) http://zdnet.com.com/2251-1110-939831.html Who Watches the Watchers? Who Watches the Watchers?: "US regulators are scrambling to line up new accounting rules in the wake of the Enron and WorldCom affairs, but are they doing enough?" Analysis by Jeremy Scott-Joynt. [BBC News] (MCI WorldCom) http://news.bbc.co.uk/1/hi/business/2070308.stm 'World-Con': Massive Accounting Fraud Hits Wall Street Again 'World-Con': Massive Accounting Fraud Hits Wall Street Again: "The gargantuan telecommunications firm WorldCom announced on Tuesday that it is restating its financial statements for 2001 and first quarter 2002 because of incorrect capital expenditure accounting." News and reader discussion. [Plastic] (MCI WorldCom) http://www.plastic.com/article.html?sid=02/06/26/01142537 WorldCom Staff Brace for Cuts WorldCom Staff Brace for Cuts: "The US telecoms giant is set to give details of 17,000 job cuts as Congress and officials start the investigation into the firm's accounting fraud." [BBC News] (MCI WorldCom) http://news.bbc.co.uk/1/hi/business/2071694.stm How Auditor Found $4bn Black Hole How Auditor Found $4bn Black Hole: "The financial scandal that has enveloped WorldCom, one of America's largest phone companies, was unearthed by an employee running a spot check on the Mississippi-based company's books." By Julian Borger and Richard Wray. [Guardian] (MCI WorldCom) http://www.guardian.co.uk/Archive/Article/0,4273,4450236,00.html "You Have No Idea the Evil We Do" - MCI Insiders Break Their Silence "You Have No Idea the Evil We Do" - MCI Insiders Break Their Silence: Stories of "modern call center hell" submitted by MCI staffers. By Andrew Orlowski. [Register] (MCI WorldCom) http://www.theregister.co.uk/content/35/25904.html WorldCom Facing Charges of Fraud; Bush Vows Inquiry WorldCom Facing Charges of Fraud; Bush Vows Inquiry: "The Securities and Exchange Commission filed fraud charges against WorldCom yesterday and President Bush vowed to 'hold people accountable' for the bookkeeping scandal at the company, the nation's second-largest long-distance provider and a major ca (MCI WorldCom) http://www.nytimes.com/2002/06/27/business/27TELE.html Internet Fears over WorldCom Scandal Internet Fears over WorldCom Scandal: "With 40% of internet traffic using WorldCom's network, worries are spreading about what effect a collapse might have." [BBC News] (MCI WorldCom) http://news.bbc.co.uk/1/hi/business/2072274.stm SEC Statement Concerning WorldCom SEC Statement Concerning WorldCom: "The WorldCom disclosures confirm that accounting improprieties of unprecedented magnitude have been committed in the public markets." (MCI WorldCom) http://www.sec.gov/news/press/2002-94.htm Boycott Worldcom Boycott Worldcom: Seeks to broaden public awareness and provide a discussion forum for WorldCom business practices judged to be immoral, unethical, and/or illegal. (MCI WorldCom) http://www.boycottworldcom.com WorldCom's $3.8 Billion Scandal WorldCom's $3.8 Billion Scandal: "Telecom sector reels after accounting disclosure." By Shawn Langolis. [CBS Marketwatch] (MCI WorldCom) http://www.marketwatch.com/news/yhoo/story.asp?source=blq/yhoo&siteid=yhoo&dist=yhoo&guid=%7B8F86BD40%2D3E85%2D424B%2DB34A%2D7D058C3CD76F%7D WorldCom 'Must File Report by Monday' WorldCom 'Must File Report by Monday': "WorldCom, the disgraced telecommunications giant, has today been told it has until Monday to explain to regulators how it inflated profits by $4bn (£2.5bn)." By Mark Tran. [Guardian] (MCI WorldCom) http://www.guardian.co.uk/Archive/Article/0,4273,4450411,00.html Gloom at WorldCom Centre Gloom at WorldCom Centre: "WorldCom's employees are feeling betrayed and bitter." By Nick Childs. [BBC News] (MCI WorldCom) http://news.bbc.co.uk/1/hi/business/2073645.stm Spotlight on: SEC v. WorldCom Spotlight on: SEC v. WorldCom: Provides links to SEC and court documents regarding the WorldCom case. (MCI WorldCom) http://www.sec.gov/spotlight/worldcom.htm CBC Indepth Backgrounder: WorldCom CBC Indepth Backgrounder: WorldCom: Timeline of the rise and fall of WorldCom, and links to further CBC coverage. (MCI WorldCom) http://cbc.ca/news/features/worldcom.html Bernie Ebbers pleads not guilty to fraud Bernie Ebbers pleads not guilty to fraud: The former chief executive of Worldcom is charged with fraud, conspiracy and making false statements regarding the company's finances.[BBC] (MCI WorldCom) http://news.bbc.co.uk/1/hi/business/3530021.stm MCI Paralyzes US Reg Bureau MCI Paralyzes US Reg Bureau: The Register falls victim to MCI "random billing". By Andrew Orlowski. [Register] (MCI WorldCom) http://www.theregister.co.uk/content/28/25382.html WorldCom: What the US Papers Say WorldCom: What the US Papers Say: "Ros Taylor takes a look at how the American media are reacting to the latest corporate scandal to rock the financial markets." Press review. [Guardian] (MCI WorldCom) http://www.guardian.co.uk/Archive/Article/0,4273,4449838,00.html CBC News: Venture - A Season for Vengeance CBC News: Venture - A Season for Vengeance: A profile of the ex-CEO of WorldCom, Bernard Ebbers. (MCI WorldCom) http://www.cbc.ca/venture/worldcom/index.html