| Directory > Society > Issues > Business > Allegedly Unethical Firms > MCI WorldCom 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]
http://news.bbc.co.uk/1/hi/business/3530021.stm
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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]
http://www.sec.gov/news/press/2004-25.htm
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Spotlight on: SEC v. WorldCom
Provides links to SEC and court documents regarding the WorldCom case.
http://www.sec.gov/spotlight/worldcom.htm
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Boycott Worldcom
Seeks to broaden public awareness and provide a discussion forum for WorldCom business practices
judged to be immoral, unethical, and/or illegal.
http://www.boycottworldcom.com
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WorldCom Sought Influence Up to Announcement
"Access to Politicians in Both Parties, Donations Mean Earnings Scandal May Have Fallout on
Hill." [Washington Post]
http://www.washingtonpost.com/wp-dyn/articles/A51915-2002Jun26.html
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CBC News: Venture - A Season for Vengeance
A profile of the ex-CEO of WorldCom, Bernard Ebbers.
http://www.cbc.ca/venture/worldcom/index.html
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Worldcom 401K and Pension Plan Networking
Resources for those who were affected, including a mailing list, updates on bills in Congress, and
how to get involved.
http://www.wcom401kpension.com/
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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]
http://news.bbc.co.uk/1/hi/business/2071694.stm
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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]
http://news.bbc.co.uk/1/hi/business/2072274.stm
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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]
http://news.bbc.co.uk/1/hi/business/2070308.stm
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Gloom at WorldCom Centre
"WorldCom's employees are feeling betrayed and bitter." By Nick Childs. [BBC News]
http://news.bbc.co.uk/1/hi/business/2073645.stm
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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 carrier of Internet traffic." By
Simon Romero. [New York Times] [Free subscription required.]
http://www.nytimes.com/2002/06/27/business/27TELE.html
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CBC Indepth Backgrounder: WorldCom
Timeline of the rise and fall of WorldCom, and links to further CBC coverage.
http://cbc.ca/news/features/worldcom.html
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SEC Statement Concerning WorldCom
"The WorldCom disclosures confirm that accounting improprieties of unprecedented magnitude
have been committed in the public markets."
http://www.sec.gov/news/press/2002-94.htm
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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]
http://www.guardian.co.uk/Archive/Article/0,4273,4450411,00.html
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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]
http://www.guardian.co.uk/worldcom/story/0,12167,744980,00.html
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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]
http://www.guardian.co.uk/Archive/Article/0,4273,4449838,00.html
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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]
http://www.guardian.co.uk/Archive/Article/0,4273,4450236,00.html
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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."
http://zdnet.com.com/2251-1110-939831.html
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WorldCom's $3.8 Billion Scandal
"Telecom sector reels after accounting disclosure." By Shawn Langolis. [CBS Marketwatch]
http://www.marketwatch.com/news/yhoo/story.asp?source=blq/yhoo&siteid=yhoo&dist=yhoo&am....
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MCI Paralyzes US Reg Bureau
The Register falls victim to MCI "random billing". By Andrew Orlowski. [Register]
http://www.theregister.co.uk/content/28/25382.html
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"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]
http://www.theregister.co.uk/content/35/25904.html
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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]
http://www.sfgate.com/cgi-bin/article.cgi?f=/news/archive/2002/06/27/financial1910EDT0411.DTL
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'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]
http://www.plastic.com/article.html?sid=02/06/26/01142537
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