Worldcom Scandal
0.0(0)
Studied by 2 people
View linked note
Call Kai
Learn
Practice Test
Spaced Repetition
Match
Flashcards
Knowt PlayCard Sorting
1/10
Earn XP
Description and Tags
Last updated 3:27 PM on 7/23/24
Name | Mastery | Learn | Test | Matching | Spaced | Call with Kai |
|---|
No analytics yet
Send a link to your students to track their progress
11 Terms
1
New cards
Worldcom Scandal
Telecommunications company
2
New cards
Worldcom Scandal
Lack or oversight, ignoring of accounting principles, and committing fraud
3
New cards
Arthur Adersen
He ignored memos from WorldCom executives informing company was inflating profits by improperly accounting fro expenses
4
New cards
Fraudulent inflation of the company’s asset by
11billion
5
New cards
Worldcom Scandal
Classifies expense as capital investment between 1999-2002
6
New cards
Bernie Ebbers
25 years of prison
7
New cards
Bernie ebbers
To pay 500 million in cash
8
New cards
Bernie ebbers
10million shares of MCI
9
New cards
Scott Sullivan
5 years in prison
10
New cards
Scott sullivan
Testified against ebbers
11
New cards
Cynthia cooper
Former employee exposing coporate fraud
