Word: worldcom
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
CYNTHIA COOPER 2002 >THE AMERICAN VOTER Cooper was an auditor at WorldCom, where she blew the whistle on financial fraud...
...chapter in American business history. While high-profile white-collar crime persists, the dramatic criminal cases that were launched just after the dotcom economy fizzled are now mostly completed. The icons of massive, turn-of-the-century corporate fraud--Ken Lay and Jeff Skilling of Enron, Bernie Ebbers of WorldCom, Dennis Kozlowski and Mark Swartz of Tyco--are convicted and, in Lay's case, dead. Even Martha Stewart has served time. And many, if not most, of the cases the feds brought against smaller fish--to help assuage a share-owning public that had been scammed by phony accounting...
Enron joins WorldCom, Adelphia and Tyco among the big companies busted by President Bush's Corporate Fraud Task Force, which has won 1,063 convictions, including guilty verdicts against 36 chief financial officers and 167 corporate CEOs and presidents. "Behavior has clearly changed since the Enron crisis," says Roman Weil, a professor of accounting at the University of Chicago. Part of that is a result of the Sarbanes-Oxley bill, which holds bosses criminally responsible if their company's accounting is faulty. So CEOs are paying closer attention to financial statements--and passing that responsibility down the line. "The criminalization...
...Supreme Court voided a witness-tampering conviction of the accounting firm by ruling that the trial's jury was wrongly told it could convict the firm for shredding documents during the government's investigation of Enron even if Andersen employees believed they were not actually breaking the law. Former WorldCom CEO Bernie Ebbers is basing his appeal on overly broad jury instructions as well...
...reinvention whatsoever tried to pass them off as her own. Yes, I acknowledge that we live in a super-competitive age, but there are limits to everything. Let’s not forget the new robber barons that have been sentenced and put away for stealing millions from Enron, WorldCom, and other corporations. Great authors make allusions. Ms. Austen did not lift the very language of Anne Radcliffe’s “Mysteries of Udolpho” to write her “Northanger Abbey.” She made allusions to that text and to its gothic...