Slashdot Mirror
WorldCom Fraud Doubles
Silvaran writes "No, this isn't a repeat story. WorldCom claims another $3.3 billion accounting error. That's about $7 billion, for those that are counting. Wish I had that kind of cash to miscalculate on my income tax forms." There's also a NYT story. I love how the news outlets are saying, "error", "irregularity", "problem", as if this was all some sort of tragic accident, instead of laying out the obvious truth, "criminal fraud committed with full knowledge it was a crime".
At this rate, I'll never be able to unload this stock.
My biggest feat at night? That the same thing is going to happen to the telecommunications company where *I* work.
Fuck.
"A billion here, a billion there - pretty soon it adds up to real money" - one site attributes that to Everett Dirksen
try { do() || do_not(); } catch (JediException err) { yoda(err); }
I can just see it now...
"
Top Story of the day! Today WorldCom states that indeed, it has never earned a profit at all, explaining that what they had previously thought was only an error of about $7 billion, actually was much more.
'Apparently after some more thorough investigation, not only has WorldCom never turned a profit, but all figures that could have been called profit were in personal bank accounts in the Swiss. We found that 90% of all documents pertaining to the company were also forged... leading us to believe that the very existance of WorldCom maybe fraudulent,' explains an investigator.
Another investigator merely states, 'It's just a front used to collect money. Now they owe everyone everything that they've ever taken in.'
"
The IRS threatened to CASTRATE me for misscalcuating 33 bucks on my Mass. income taxes. Apparently though if your a full time accountant for Worldcom you can let 3.3 BILLION slide for 3 years!!!?!?!?!? wtf?
Worldcom is based in Mississippi? Well why didn't they just say so.
The missing money? It's buried in mason jars out behind the shed. Sheesh.
-S
--- What parts of "shall make no law", "shall not be infringed", and "shall not be violated" don't you understand?
their old pentium, ;-)
they would never had such errors'
I swear your honnor! I only rounded to the nearest decimal!
I'd rather be sailing...
Speaking of taxes...
I'm guessing WorldCom gets back their tax paid on their overreported income?
If so, it's really to their advantage to dig up as much overreporting as they possibly can, now that it's out of the bag and they can't hurt any worse for it.
Maybe they can find enough overreporting that they will be able to claim a profit again this year... after classifying their tax refund as income, of course...
-- Terry
Send those bastards to a federal pound-me-in-the-ass prison.
Gamingmuseum.com: Give your 3D accelerator a rest.
It's mostly like a uniform anywhere else. I'm not a slave; I can leave work anytime I want, and I do get paid for *working* here. Then again I don't wear button down shirts every day. I usually wear khaki's and a golf shirt, but that's pretty much what I always wear when I'm not working out.
The idea is just to look professional and conforming to business protocol. Working in a corporation is all about business protocol, and looking like you are focused on your work is part of it. In a conforming situation like functioning in a corporate environment, wearing a uniform is part of being focused on your work; Just like working at mcdonalds, a local restuarant where you have to wear a white shirt and black pants, or a school that has uniforms.
Do you have some other group of people you'd recommend we corporate slaves dress like? It's just one group of conformity to the other. I'd rather just put on some clothes and get on with my life instead of worrying about my material shell appearance. There are much more important issue to address corporations and their effect on society and people than how they make people dress.
Then again, I've never been one to compromise my success or enjoyment of life by being rebelliously self expressive through what I wear. I just don't think the trade off is worth it. I'd rather speak my mind and influence other people's opinions than dressing like a punk, especially when I like the clothes I wear.
This is my sig. The post is over.
No, it's more like Michael Jackson calling Chris Rock 'black'.
...they'd blame this on the Pentium floating-point bug.
:wq
No, a minimum-security prison is no picnic. I have a client in there right now. He says, the trick is kick someone's ass the first day, or become somebody's bitch. Then everything will be alright.
</officespace>
Come on, that (last part about covering for Lay, the first part seems correct from what i'm hearing) is nonsense! If Pres. Bush was so ready to go to bat for Enron then why would he refuse help prop Enron before the whole scadal broke?
Pres. Bush is a good and honorable person who makes his decisions based on what's morally and ethically correct, not by putting his finger to the wind; unlike our last president.
I'm really tired of hearing people smear a good and decent man, I may not agree with everything he's done but he's certainly a person with integrity.