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https://www.sec.gov/litigation/complaints/comp17829.htm
The Securities and Exchange Commission ("the Commission") alleges for its First Amended Complaint as follows: From at least as early as 1999 through the first quarter of 2002, defendant WorldCom Inc. ("WorldCom") misled investors.
https://www.sec.gov/litigation/complaints/complr17588.htm
The Securities and Exchange Commission ("the Commission") alleges for its Complaint as follows: 1. From at least the first quarter of 2001 through the first quarter of 2002, defendant WorldCom Inc. ("WorldCom") defrauded investors.
https://www.coursehero.com/file/14067675/SEC-Complaint/
By improperly reducing reserves held against "line costs" and by transferring certain "line costs" to its capital asset accounts, WorldCom falsely portrayed itself as a profitable business when it was not, and concealed large losses Page 1 of 10 Complaint: SEC v. WorldCom, Inc. 8/07/2014
https://money.cnn.com/2002/11/05/news/companies/worldcom/index.htm
Nov 05, 2002 · On June 27 the SEC charged WorldCom with "massive accounting fraud." The civil complaint charges WorldCom with violating anti-fraud and …
https://www.wsj.com/articles/SB1025131102112033920
WorldCom's Fall. See complete coverage of WorldCom's troubles, including a clickable stock chart, profiles of the major players and an online discussion.. Read the SEC's complaint, by arrangement ...
https://www.networkworld.com/article/2343146/worldcom-warns-of-restatement--sec-expands-charges.html
The amended SEC complaint alleges WorldCom misled investors from 1999 through the first quarter of 2002 and overstated its income by about $9 billion.
https://www.cbsnews.com/news/worldcom-faces-criminal-charges/
Aug 03, 2003 · WorldCom Faces Criminal Charges. ... The complaint alleges the defendants schemed to defraud investors in Oklahoma by understating company …
https://www.computerworld.com/article/2578007/worldcom-warns-of-restatement--sec-expands-charges.html
On the same day, the U.S. Securities and Exchange Commission expanded its civil complaint against WorldCom, adding charges and expanding the scope of the alleged fraud, the SEC said in a statement.
http://www.pbs.org/now/politics/worldcom.html
A Question of Fairness ... Details of the ongoing investigation are available at the SEC's Spotlight on WorldCom. ... "It is rare that we name a company in a criminal complaint, but in this case ...
https://law.justia.com/cases/federal/district-courts/FSupp2/234/301/2513183/
Nov 21, 2002 · In Re WorldCom, Inc. Securities Litigation, 234 F. Supp. 2d 301 (S.D.N.Y. 2002) ... On June 26, 2002, the SEC filed a civil complaint against WorldCom. On June 27, the U.S. House of Representatives ("House") Committee on Energy and Commerce and the House Committee on Financial Services each launched an investigation. ... Procedural History of ...
https://law.justia.com/cases/federal/district-courts/FSupp2/294/431/2570032/
Nov 21, 2003 · [23] Amici contend that the plaintiffs were not on inquiry notice that WorldCom's financial statements for the period before 2001 were "teeming with fraud" until November 26, 2002, when the SEC filed an amended complaint against WorldCom with claims based on violations of the Securities Act.
https://www.zuckermanlaw.com/report-accounting-fraud-earn-sec-whistleblower-award/
SEC Targets Accounting Fraud in Financial Reporting In the early 2000s, the U.S. Securities and Exchange Commission (SEC) was abruptly reminded about the dangers of accounting fraud after Enron and WorldCom collapsed within months of each other. In the years following these corporate accounting scandals, the SEC maintained an enforcement regime that prioritized identifying and rooting out ...
https://www.mbaknol.com/business-ethics/case-study-on-corporate-governance-worldcom-scandal/
Aug 15, 2010 · In effect, WorldCom capitalized these fees, terming them as investments, when in fact; they were one of the most important day-to-day expenses. The SEC, in its complaint in court, stated that WorldCom’s top executives did this in order to keep Wall Street happy.
https://www.foxnews.com/story/mci-worldcom-timeline-1983-present
Mar 15, 2005 · Bernard Ebbers (search), the former chief executive of WorldCom Inc., Tuesday was found guilty of fraud, conspiracy and filing false documents related …
https://www.law.com/newyorklawjournal/nycid/43215/
See In re WorldCom, Inc. Sec. Litig., 2003 WL 22533398, at 11; In re WorldCom, Inc. Sec. Litig., 2003 WL 22420467, at 29 n.45. Conclusion The motion by the SSB Defendants to dismiss certain claims ...
http://securities.stanford.edu/filings-case.html
The first filed complaint charges WorldCom and certain of its officers and directors with violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5. The complaint alleges that Defendants made a series of materially false …
https://sfmagazine.com/wp-content/uploads/sfarchive/2013/07/Carl-Menconi-Case-Writing-Competition-WorldComs-Betty-Vinson-and-Cynthia-Cooper-A-Tale-of-Two-Professionals.pdf
Jul 01, 2013 · The Securities & Exchange Commission (SEC) was informed of the problem in June 2002 as a result of the efforts of the WorldCom internal audit team. The SEC would ultimately charge CFO Scott Sullivan, Controller David Myers, and accountants Buford Yates, Troy Normand, and Betty Vinson. According to the SEC complaint:
https://www.cnet.com/news/document-dojs-criminal-complaint-against-worldcom/
The following is the complete text of the Justice Department's criminal complaint against two WorldCom executives, Chief Financial Officer Scott Sullivan and former Controller David Myers.
https://www.nytimes.com/2005/03/15/business/chronology-of-events-at-worldcom.html
Mar 15, 2005 · June 26 - SEC files fraud charges against the company. July 8 - Former WorldCom CEO Ebbers tells the U.S. Congress he did nothing wrong and …
http://securities.stanford.edu/filings-case.html
Apr 30, 2002 · Like the previous complaint filed on April 30, 2002, which was the first class action complaint to allege accounting fraud by WorldCom, the lawsuit will assert claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated by the SEC thereunder and the common law and seek to recover damages.
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