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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.

21 of 545 comments (clear)

  1. unF by Anonymous Coward · · Score: -1, Offtopic

    uNF unF uNF!!

  2. Am I a troll? by rice_burners_suck · · Score: -1, Offtopic
    I'd bet they're guilty! Don't believe anything they say! In fact, for corporations, the law should be guilty until proven innocent, and still guilty after that! Corporations should have to pay all their profits back to the citizens at the end of the year!Blah blah blah!!! This is because my Karma is almost at 50, and it's boring once it's that high! So let's get that crap reduced! fskjklfjlkfjdsjflk kdfkdjsflkjs hahahahahaha!

    NO! I AM NOT A TROLL!

    No, seriously now. Yeah right, as if such a thing as seriously exists, eh? I've written some really awesome comments for Slashdot today. Just take a look at my comment history page or whatever. You'll see. There's good stuff, but now I'm so bored with this crap that I'm posting junk. But that's ok. It's only karma, foo.

    1. Re:Am I a troll? by Anonymous Coward · · Score: -1, Offtopic

      Dude, you always were kinda trollish. Why not just make a new account to karma whore with. That way you can log into each one once a day and abuse the moderation system like certain other users, "cscx" comes to mind.

      BTW- Your post shows incredible immaturity. You seem to have the impression that Slashdot exists to amuse you. It's a news and discussion site, not a game.

  3. In other news by loraksus · · Score: 1, Offtopic

    The sun rose in the east today.

    --
    1q2w3e4r5t6y7u8i9o0pqawsedrftgthyjukilo;p'azsxdcfv gbhnjmk,l.;/
  4. Amen to that... by SuperBusTerror · · Score: -1, Offtopic

    brutha!

    --
    -- Aaron
  5. excuse me, sir by Anonymous Coward · · Score: -1, Offtopic

    yeah, you.. i'd like to have my nuts licked... oh yeah, that's good.. lick a little lower... lower... lower... oh yeah, that's it, you've got your tongue in my ass. eat my turds now.

    1. Re:excuse me, sir by rice_burners_suck · · Score: 1, Offtopic

      jeez d00d, u'r worse than me!

    2. Re:excuse me, sir by Anonymous Coward · · Score: -1, Offtopic

      Yeah, that shit was sick. Thank god for Slashdot's moderation system. I still ended up reading it, though.

  6. Re:He didnt read the satanic bible... by Anonymous Coward · · Score: -1, Offtopic
    Do what thou wilt shall be the whole of the Law.

    Love is the Law, love under Will.

  7. I got tired of all the news about crime by Anonymous Coward · · Score: -1, Offtopic

    so I stopped reading the business section of the paper.

  8. Come back, Senator Joe McCarthy by Anonymous Coward · · Score: -1, Offtopic

    This time the threat is real. Save us from the godless capitalists!

    1. Re:Come back, Senator Joe McCarthy by Anonymous Coward · · Score: -1, Offtopic

      Fuck you, Joe McCarthy was right and an American hero!

    2. Re:Come back, Senator Joe McCarthy by Anonymous Coward · · Score: -1, Offtopic

      Yes, and George Bush is a genius. Well, compared to you, he is. McCarthy was a demented paranoid dope.

  9. OT: Is there any way to block "Funny:5" posts? by VividU · · Score: 0, Offtopic

    Almost never really funny.

  10. Re:Vint Cerf by Anonymous Coward · · Score: -1, Offtopic

    Turning and turning in the widening gyre
    The falcon cannot hear the falconer;
    Things fall apart; the center cannot hold'
    Mere anarchy is loosed upon the world,
    The blood-dimmed tide is loosed, and everywhere
    The ceremony of innocence is drowned;
    The best lack all conviction, while the worst
    Are full of passionate intensity.

    Surely some revelation is at hand;
    Surely the Second Coming is at hand.
    The Second Coming! Hardly are those words out
    When a vast image out of Spiritus Mundi
    Troubles my sight: somewhere in sands of the desert
    A shape with lion body and the head of a man'
    A gaze bland and pitiless as the sun,
    Is moving its slow thighs while all about it
    Reel shadows of the indignant desert birds.
    The darkness drops again; but now I know
    That twenty centuries of stony sleep
    Were vexed to nightmare by a rocking cradle,
    And what rough beast, its hour come round at last,
    Slouches toward Bethlehem to be born?

    William Butler Yeats

  11. Suicide? by Anonymous Coward · · Score: -1, Offtopic

    If they're going to kill themselves anyways why not take those responsible with them?

    Suicide is such a waste when you don't take your enemies with you.

  12. Re:You're a fucking moron. by Anonymous Coward · · Score: -1, Offtopic


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

    Flamebait.

  13. Re:You're a fucking moron. by Anonymous Coward · · Score: -1, Offtopic

    Good sleuthing, Sherlock.

  14. Re:Not funny... serious. by Anonymous Coward · · Score: -1, Offtopic

    Actually, the layoffs have been planned and known about for a couple of weeks now. Rumor was they were scheduled for sometime this week anyway.

    Sorry about being an AC, but I actually work for WorldCom. Tomorrow will be interesting.

  15. Re:Prison Rape by md358 · · Score: 1, Offtopic

    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?

  16. Re:WRONG! but WAY OT by SubtleNuance · · Score: 0, Offtopic

    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."