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WorldCom CFO Accused of $3.6 Billion Fraud

Posted by ryuzaki0 on from the talking-real-money dept.

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.

3 of 545 comments (clear)

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

    The sun rose in the east today.

    --
    1q2w3e4r5t6y7u8i9o0pqawsedrftgthyjukilo;p'azsxdcfv gbhnjmk,l.;/
  2. Re:excuse me, sir by rice_burners_suck · · Score: 1, Offtopic

    jeez d00d, u'r worse than me!

  3. 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?