Studied by 2 people
Worldcom Scandal
Telecommunications company
Worldcom Scandal
Lack or oversight, ignoring of accounting principles, and committing fraud
Arthur Adersen
He ignored memos from WorldCom executives informing company was inflating profits by improperly accounting fro expenses
Fraudulent inflation of the company’s asset by
11billion
Worldcom Scandal
Classifies expense as capital investment between 1999-2002
Bernie Ebbers
25 years of prison
Bernie ebbers
To pay 500 million in cash
Bernie ebbers
10million shares of MCI
Scott Sullivan
5 years in prison
Scott sullivan
Testified against ebbers
Cynthia cooper
Former employee exposing coporate fraud
Note 
Flashcard (20)