WorldCom CFO Accused of $3.6 Billion Fraud

winter was among the first to point out that allegations of fraud have led to a massive stock drop at WorldCom. A flurry of stories have popped up on Yahoo!, none of them good news for WorldCom. CFO Scott Sullivan is accused of misstating the company's revenues, specifically its earnings before interest, taxation, depreciation and amortization (aka EBITDA), and the stock has slid more than 50% (as of this writing) in after-hours trading.

Comments

Another take

[bakes]

For a different perspective on this, take a look at nomorefakenews. I don't know how accurate this spin is, but it is interesting reading.

Posibly death.

[zulux]

When you consider that an average person earns 2 million in his/her lifetime, this 'fraud' can be considered the 'murder' of 1500 lives worth of work.

Perhaps, death is an appropriate punishment.

Just food for thought.

He must be stoned

[CanadaDave]

What should the punishment be for these people? We can't really fine them for that amount. And you can't really put them in jail for any amount of time that really makes up for it. Nor can you ask the people who made money on the stock to give their money back to the people who lost money.

I think they should be "stoned" like they used to back in the days. I've always wanted to participate in a stoning. I always found it interesting that one stone doesn't really hurt that much, but as soon as you hit them with hundreds of stones, it really starts to hurt.

Are there any other suggestions?

You're a fucking moron.

[Wakko Warner]

Maybe we should murder you for such a Slashdot-Retarded comment.

- A.P.