WorldCom has been recognized as one of the global superpowers in the communication industry. However, the past six months have revealed unfavorable truths about the corporation. Similar to Enron, WorldCom has been under scrutiny for faulty bookkeeping that shows more debts than income. The media has been following this story diligently because as the time passes more scandals are being uncovered. Executives are the ones taking the most heat for the doctored accounting reports, unfortunately they are not alone, countless jobs have been cut to recoup, as a result of, filing chapter 11.
The scandals began to see light when the Securities and Exchange Commission (SEC) requested information from the past
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