#6
WorldCom Accounting Manipulation
CEO Bernie Ebbers orchestrated $11 billion in fraudulent accounting entries, inflating WorldCom’s earnings to mask operating losses. This stands as the then-largest U.S. bankruptcy, surpassing Enron’s $63.4 billion filing just months earlier. Ebbers received a 25-year prison sentence, making it one of the few cases where a CEO served nearly a full term.
0
Photos (1)
Comments on "WorldCom Accounting Manipulation"
Have a take on this ranking?
Comments are how the argument actually happens here. Posting one needs a free account — it takes about a minute.
No comments yet.
The first comment sets the terms of the argument.