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WorldCom Scandal
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Prepare a report describing what was alleged, what was proven, the major players, the outcomes in criminal and civil proceedings, if any, concerning the WorldCom debacle.
WorldCom was not just the biggest accounting scandal in the history of the United States—it was also one of the biggest bankruptcies of all time. The revelation that telecommunications giant WorldCom had cooked its books came on the heels of the Enron and Tyco frauds, which had rocked the financial markets. However, the scale of the WorldCom fraud put even them in the shade.
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