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.
The sun rose in the east today.
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jeez d00d, u'r worse than me!
Almost never really funny.
On a totally and completely different topic: I've noticed that Americans, for the most part, seem to equate prison with rape. Certainly forcibile sodomy has been going on since time immmorial in jails, but it's been openly acknowledged as a problem for the last few centuries and steps have been taken to minimize it. But back to my original point, Americans take for granted that prisoners in jail are raped by bigger, meaner criminals, and yet they don't really care.... it's more of an inevitability than a problem to them. Do they condone rape as just punishment for breaking the law?
Interpreting the Commerce Clause, which I am well aware of, in such a manner is a gross exaggeration of what was intended.
Like the way Republicans fail to understand " A well-regulated Militia being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed."