Search results
Jun 14, 2024 · 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.
MCI, Inc. (formerly WorldCom and MCI WorldCom) was a telecommunications company. For a time, it was the second-largest long-distance telephone company in the United States, after AT&T.
Apr 20, 2004 · Worldcom Inc. emerged from federal bankruptcy protection this morning with the new name of MCI, about 21 months after the scandal-tainted company sought protection from creditors in the wake of...
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 ...
Apr 20, 2004 · WorldCom Inc. emerged from bankruptcy Tuesday as MCI, shedding its scandal-tainted name and more than $35 billion in debt. It also hopes to distance itself from its past: The $11 billion...
Aug 11, 2021 · 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.
People also ask
What happened to MCI & WorldCom?
What was the WorldCom scandal?
When did WorldCom change its name to MCI?
Is WorldCom a scam?
Mar 5, 2004 · MCI, legally known as WorldCom, rolled out two new services this week, as it tries to rebuild its business and its reputation, after two years of scandal and bankruptcy proceedings.
