Company
What is WorldCom?
Telecommunications company
Who was the CEO?
Bernard Ebbers
What documents did they change
Balance sheets, Journal entries
Did Scott Sullivan plead guilty?
Yes
MCI Communications
Chief financial officer and secretary
What did they do?
Filed expenses as investments
$180 billion
No
How long of a sentence is the CEO serving?
25 years
Who discovered the fraudulent balance sheet entries
Cynthia Cooper
What happened to WorldCom?
It was sold to Verizon
What was WorldCom formerly known as?
LDDS
Name 3 of the main players
Scott Sullivan, David Myers, Bernard Ebbers
Name 4 of the key people mentioned
Bernard Ebbers, Scott Sullivan, Cynthia Cooper, and David Meyers
How many jobs were lost
How much was the merger between WorldCom and MCI Communications?
$37 billion
How long of a sentence did Scott Sullivan serve?
5 years
How much of a profit did they record in the first quarter of 2002?
$1.4 billion
Name the 4 groups/people who were majorly impacted