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| | WorldCom Tilts Toward Abyss |
 | | WorldCom has been negotiating for a $5 billion line of credit and in May drew down a $2.65 billion credit line. | | | WorldCom's longtime auditor, Arthur Andersen, issued a statement Tuesday night that laid the blame with Sullivan. | | | Specifically, WorldCom copped to inflating its earnings before interest, taxes, depreciation and amortization, a measure of cash flow, by $3.8 billion over five quarters by improperly identifying routine operating costs as longterm capital costs. |
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http://www.thestreet.com/tech/telecom/10029025.html
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| | SEC hits WorldCom with charges - Jun. 25, 2002 |
| | WorldCom said it asked its new auditors, KPMG LLP, to undertake a comprehensive audit of the company's financial statements for 2001 and 2002. | | | WorldCom said restating the expenses to account for their true costs would cut reported cash flow -- or earnings before interest, taxes, depreciation and other items -- for last year and the first quarter of 2002. | | | WorldCom is looking for about $4 billion in financing but some of its main bank lenders, including Bank of America, J.P. Morgan and Citigroup, are refusing to loan them any more, banking sources told CNN/Money. |
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http://money.cnn.com/2002/06/25/news/worldcom/index.htm
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| | MCI - Wikipedia, the free encyclopedia |
| | Under the bankruptcy reorganization agreement, the company paid $750 million to the SEC in cash and stock in the new MCI, which was intended to be paid to wronged investors. | | | It has accepted a proposed purchase by Verizon for US$7.6 billion, but is also in talks with Qwest, who has made a competing offer. | | | In June 2002, an internal audit discovered that US$3.8 billion had been 'miscounted.' The U.S. Securities and Exchange Commission (SEC) launched an investigation into these matters on June 26, 2002. |
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http://en.wikipedia.org/wiki/WorldCom
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| | USATODAY.com - The rise and fall of WorldCom |
| | July 1 — WorldCom says in a sworn statement to the SEC that its audit committee is reviewing its financial records for 1999 through 2001 regarding "certain material reversals of reserve accounts." The company receives notice from some of its lenders saying they could demand immediate repayment for defaulted loans. | | | WorldCom says in a revised statement filed with SEC that Sullivan tried to delay an internal audit that discovered the transfers of expenses to capital spending accounts. | | | May 15 — WorldCom says it would draw down a $2.65 billion bank credit line as it negotiates for a new $5 billion funding pact with its lenders. |
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http://www.usatoday.com/money/industries/telecom/2002-07-21-worldcom-chronology_x.htm
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| | USATODAY.com - WorldCom agrees to pay $500M in SEC fine |
| | WorldCom's accounting misdeeds have steadily grown to $9 billion, and they could reach $11 billion. | | | WorldCom and the Securities and Exchange Commission have reached a final settlement that would force the phone company to pay $500 million to victims of its $9 billion accounting scandal, people familiar with the matter say. | | | WorldCom revealed $3.9 billion in improper accounting June 25, and the SEC filed a fraud lawsuit the next day. |
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http://www.usatoday.com/money/industries/telecom/2003-05-18-mci_x.htm
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| | WorldCom files largest bankruptcy ever - Jul. 19, 2002 |
| | The company has struggled with its $41 billion in debt, $24 billion of which is in bonds. | | | WorldCom, crushed by its $41 billion debt load, made its filing in the Southern District of New York. | | | WorldCom's fortunes began declining in late 1999 when businesses slashed spending on telecom services and equipment. |
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http://money.cnn.com/2002/07/19/news/worldcom_bankruptcy
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| | CNN.com - Bush: No more WorldComs - June 28, 2002 |
| | Meanwhile, WorldCom President and CEO John Sidgmore said Friday that the company's management was equally surprised and outraged by the $3.8 billion accounting scandal. | | | The lack of documentation also raises questions as to why the problems were not detected by auditors from Arthur Andersen, which previously was the company's outside auditor, the paper reported. | | | Separately, investigators looking into the accounting scandal at WorldCom have found no records to support the shift of $3.8 billion in expenses, according to a published report. |
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http://archives.cnn.com/2002/BUSINESS/06/28/bush.worldcom
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| | WorldCom News |
| | WorldCom's sketchy bookkeeping and that of other telecoms proves that profit is hard to come by in the sector. | | | WorldCom filed for bankruptcy on July 21, 2002 and has not paid the former employees their severance or communicated any information about the timing of the payment, or the status of the health care benefits," the website states. | | | CNBC is reporting that WorldCom has another $2 billion in accounting errors. |
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http://www.worldcomnews.com
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| | WorldCom, Inc.: Lit. Rel. No. 17866 / November 26, 2002 |
| | WorldCom shall commence providing initial training and education sessions within 60 days thereafter, and shall continue to provide such training and education on an annual basis, for a minimum period of three years after entry of this judgment. | | | Within 60 days of the receipt of the report of the Corporate Monitor with respect to corporate governance, WorldCom's Board of Directors shall report to the Court and the Commission with respect to the decisions and actions taken as a result of each of the recommendations made by the Corporate Monitor. | | | Following his receipt of the report of the Special Investigative Committee, the Corporate Monitor shall submit to WorldCom's Board of Directors, the Court and the Commission a report setting forth his recommendations with respect to the corporate governance issues he has reviewed. |
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http://www.sec.gov/litigation/litreleases/lr17866.htm
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| | WorldCom |
| | Between 1991 and 1997, WorldCom spent almost $60 billion in the acquisition of many of these companies and accumulated $41 billion in debt. | | | Undeterred and emboldened by the knowledge that Andersen had been discredited by the Enron case and that the SEC was investigating WorldCom, Cynthia decided to continue her investigation. | | | WorldCom managers also tweaked their assumptions about accounts receivables, the amount of money customers owe the company. |
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http://www.scu.edu/ethics/dialogue/candc/cases/worldcom.html
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| | Guardian Unlimited Special reports WorldCom goes bankrupt |
| | When Andersen discovered that the expenses had been reported as investment, it advised WorldCom's audit committee and its new management that WorldCom's financial statements for 2001 should not be relied upon. | | | WorldCom is negotiating to raise $2bn in new financing and plans to sell its peripheral businesses, but not key ones such as MCI, its long-distance company, or UUNet, its internet arm. | | | WorldCom said its chief financial officer, Scott Sullivan, improperly reported expenses as investment so that the company's financial situation looked much better than it was. |
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http://www.guardian.co.uk/worldcom/story/0,12167,759854,00.html
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| | CNN.com - WorldCom's Myers pleads guilty - Sep. 25, 2002 |
| | The controller resigned from WorldCom on June 25, the same day the company said it overstated five quarters of financial results by hiding $3.8 billion in costs. | | | The deception enabled WorldCom to report a profit when it was actually losing money, according to regulators. | | | Prosecutors say they directed employees to falsify balance sheets to hide more than $3.8 billion in expenses, causing WorldCom earnings to be overstated by an even greater amount. |
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http://www.cnn.com/2002/BUSINESS/asia/09/26/us.worldcom.biz/index.html
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| | WorldCom, Inc.: Lit. Rel. No. 17588 / June 27, 2002 |
| | WorldCom did so by capitalizing (and deferring) rather than expensing (and immediately recognizing) approximately $3.8 billion of its costs: the company transferred these costs to capital accounts in violation of established generally accepted accounting principles ("GAAP"). | | | The Commission's complaint alleges that WorldCom fraudulently overstated its income before income taxes and minority interests by approximately $3.055 billion in 2001 and $797 million during the first quarter of 2002. | | | The complaint further alleges that WorldCom falsely portrayed itself as a profitable business during 2001 and the first quarter of 2002 by reporting earnings that it did not have. |
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http://edgar.sec.gov/litigation/litreleases/lr17588.htm
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| | BBC NEWS Business Disgraced WorldCom faces fraud charge |
| | The news is also another damning indictment of auditor Andersen which was responsible for approving the accounts of WorldCom as well as Enron. | | | WorldCom said its chief financial officer Scott Sullivan improperly booked expenses as investment in order to make the company look much healthier than it actually was. | | | The SEC said WorldCom's accounting improprieties were of "unprecedented magnitude". |
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http://news.bbc.co.uk/1/hi/business/2068865.stm
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| | CBS News 25 Banks Join To Sue WorldCom July 12, 2002 21:28:56 |
| | WorldCom admitted that it had disguised $3.9 billion in expenses as capital expenditures so that it would appear to be more profitable. | | | Court papers say that on May 20, 2002, WorldCom assured lenders that its quarterly financial statement for the first quarter of 2002 was prepared in accordance with generally accepted accounting principles, and that it presented a fair picture in all respects of WorldCom's financial condition. | | | WorldCom got the money by way of a credit agreement signed June 8, 2001, with 27 banks, including Citigroup. |
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http://www.cbsnews.com/stories/2002/06/27/national/main513675.shtml
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| | WorldCom files reorganization plan that sheds debt, moves headquarters |
| | WorldCom would shed about $36 billion of its $41 billion in debt under the reorganization plan. | | | WorldCom has already used the bankruptcy to shed or reduce the size of work contracts and to write down $10 billion in assets. | | | Its stocks and bonds would have a market value of about $12 billion -- very different from the company that claimed $104 billion in assets a year ago before details of its accounting fraud began to emerge. |
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http://www.sfgate.com/cgi-bin/article.cgi?file=/news/archive/2003/04/14/national1803EDT0708.DTL&type=printable
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| | WorldCom set for VoIP push |
| | WorldCom is juicing up its voice-over-IP service to offer voice and data network convergence to the desktop, a move that could result in significant customer cost savings. | | | Although WorldCom is not the first service provider to offer users voice-over-IP support, it is believed to be the first in the U.S. to offer managed SIP-enabled voice-over-IP services to the desktop. | | | Zipp says WorldCom is developing an IP Communications service for small and midsize businesses, although price considerations remain an obstacle there. |
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http://www.networkworld.com/news/2002/0204voip.html
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| | SEC Statement Concerning WorldCom |
| | The WorldCom disclosures confirm that accounting improprieties of unprecedented magnitude have been committed in the public markets. | | | The public can be assured that we are actively investigating these and other events relating to the veracity of WorldCom's financial statements and disclosures. | | | These events further demonstrate the need for comprehensive market regulatory reforms that the administration, the Congress, and the SEC have been advocating and implementing. |
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http://www.sec.gov/news/press/2002-94.htm
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| | The WorldCom trial - Special report - Accountancy Age |
| | The firm pointed the finger at the recently resigned CFO Sullivan, as telecom company WorldCom stated it would have to restate its financial results to account for billions of dollars in improper bookkeeping. | | | You can also read the statements from Andersen and WorldCom in full. | | | Disgraced firm Andersen has attacked former WorldCom chief financial officer Scott Sullivan for withholding vital information, as it faces up to accusations of an alleged $4bn (£2.62bn) accounting fraud. |
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http://www.accountancyage.com/accountancyage/specials/2039195/worldcom-trial
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| | Focus on Consumer Concerns: Special Alert: What the WorldCom Bankruptcy Means to Consumers |
| | Those customers who obtain their new service from the old underlying carrier, or a carrier that resells the service of the underlying carrier, may be able to keep their mobile telephone number and equipment. | | | On the contrary, WorldCom claims to have obtained the funding necessary to continue service throughout the bankruptcy proceeding and beyond. | | | These customers will need to contact another carrier and establish a new account in order to continue to receive mobile telephone service. |
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http://www.fcc.gov/commissioners/abernathy/news/worldcom.html
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| | 10 Ex-WorldCom Directors Agree to Settlement (washingtonpost.com) |
| | WorldCom's directors liability insurance carriers would pick up the remaining $36 million. | | | The proposed deal would be the largest of its kind and requires the 10 directors to pay more than 20 percent of their combined net worth, according to lawyers on both sides of the negotiations. | | | NEW YORK, Jan. 5 -- Ten former outside directors of WorldCom Inc. have tentatively agreed to pay $54 million -- including $18 million out of their own pockets -- to settle part of a class-action securities lawsuit stemming from the company's accounting scandal. |
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http://www.washingtonpost.com/wp-dyn/articles/A52026-2005Jan5.html
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| | BBC NEWS Business WorldCom: Wall Street scandal |
| | WorldCom is the second-biggest long-distance phone company in the US In the sworn statement to the US Securities and Exchange Commission, WorldCom said its auditing committee would now be reviewing deals dating back to 1999, because "questions have been raised" regarding funds set aside by the company against its losses. | | | It follows corporate scandals, at Enron and its accountants Andersen, which have shaken investor trust. | | | Early estimates suggest that as many as 60 banks around the world might have given loans to WorldCom, or bought a slice of its debts in the form of corporate bonds. |
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http://news.bbc.co.uk/1/hi/business/2077838.stm
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| | Spotlight on: SEC v. WorldCom |
| | WorldCom Inc. (Litigation Release No. 18147, Accounting and Auditing Enforcement Release No. 1785; May 19, 2003) | | | WorldCom Inc. (Litigation Release No. 18451, Accounting and Auditing Enforcement Release No. 1909; November 11, 2003) | | | WorldCom Inc. (Litigation Release No. 17829, Accounting and Auditing Enforcement Release No. 1658; November 5, 2002; Complaint) |
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http://www.sec.gov/spotlight/worldcom.htm
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| | CBC News Indepth: Worldcom |
| | WorldCom discloses that it inflated profits for more than a year by improperly accounting for more than $3.9 billion US. | | | WorldCom's board loans him $375 million US to pay off his debts, without making him sell all his shares in the company. | | | WorldCom buys more than 60 companies, often using its own soaring share price to help fund the acquisitions. |
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http://www.cbc.ca/news/background/worldcom
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| | Lamo's Adventures in WorldCom |
| | There were three WorldCom managers on the line, wondering of it was true that Lamo had cracked their global corporate intranet, and what they needed to do to fix it. | | | With this information, all he needs is a birth date (he swears by anybirthday.com) and he can reset an employee's password and access his or her payroll records, including information like their salary, emergency contacts, and direct deposit instructions, complete with bank account numbers. | | | With a little manipulation, Lamo was able to pull down dial-up phone numbers and passwords for many of the routers, which would give him direct access to the networks. |
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http://online.securityfocus.com/news/296
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| | ZetaTalk: Worldcom |
| | Worldcom indeed had the same auditing company, but this was not the means of their discovery. | | | Do you have an accountant, in hand, willing to cooperate with the authorities, on Worldcom? | | | Given the exposure, to means and methods, that the Enron collapse reported, why would any company hiding debt wait to be discovered? |
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http://www.zetatalk.com/transfor/t134.htm
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| | News: Special Reports |
| | WorldCom may be the fiasco du jour, but it's just one more dent in corporate confidence in the grand scheme of things. | | | WorldCom's nearly $4 billion accounting 'error' can be added to the lengthening list of follies committed by bumbling broadband businesses. | | | As financial misdeeds at WorldCom spur layoffs and turmoil, the telecom's partners and customers think twice about whether to keep their business there. |
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http://zdnet.com.com/2251-1110-939831.html
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| | WorldCom, Inc.: Lit. Rel. No. 17594 / June 28, 2002 |
| | Directing WorldCom and its affiliates to preserve all items relating to WorldCom's financial reporting obligations, public disclosures required by the federal securities laws, or accounting matters. | | | The Corporate Monitor will have responsibility to prevent unjust enrichment as a result of the conduct alleged in the Commission's complaint and to ensure that WorldCom's assets are not dissipated by payments that are not necessary to the operation of WorldCom's business. | | | Directing WorldCom to cooperate with the Corporate Monitor in full and make its books, records and accounts available to the Corporate Monitor. |
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http://edgar.sec.gov/litigation/litreleases/lr17594.htm
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| | FuckedCompany.com - Official lubricant of the new economy |
| | -- Furthermore, WorldCom has notified the Securities and Exchange Commission of these events, and the Audit Committee of the Board of Directors has retained William R. McLucas, former Chief of the Enforcement Division of the SEC, to conduct a rigorous, independent investigation of the matter. | | | At that time, I pledged to restore your trust, as well as public and investor confidence, in this great company, a company with highly skilled people, a comprehensive global network, and a broad range of services serving both consumers and mission-critical business applications. | | | Our customers — their loyalty and satisfaction — are critical to our plans for continued growth. |
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http://www.fuckedcompany.com/extras/worldcom5_email.cfm
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| | WorldCom Opponents In Sync (washingtonpost.com) |
| | Verizon, which wants the government to force WorldCom to liquidate, says that is the only fair way to punish a company that misstated its finances by $9 billion. | | | For example, he is chairman of the board of the National Consumers League, one of several groups that called on the government to stop doing business with WorldCom. | | | He said Verizon is not the only company contributing to a "funding pool" on the WorldCom issue, but he declined to identify other participants. |
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http://www.washingtonpost.com/ac2/wp-dyn/A14490-2003Jun19
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| | MCI will consider WorldCom takeover |
| | The development is welcome news to Jackson, Miss.-based WorldCom Inc., but it doesn't mean that a deal between the two companies is a foregone conclusion, analysts said. | | | Management will thoroughly review WorldCom's proposal, scrutinizing whether the stock deal will hold its value and whether it will pass muster with regulators. | | | MCI also must look at the regulatory outlook and whether the two companies' corporate cultures and management visions mesh, Kagan said. |
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http://www.lubbockonline.com/news/101197/LF0271.htm
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| | FindLaw Legal News: Special Coverage: WorldCom |
| | Revised SEC Statement - Exhibit 1 Arthur Andersen, LLP's February 6, 2002 Presentation To The WorldCom Audit Committee (July 8, 2002) | | | WorldCom Internal Audit Correspondence (June 17, 2002, 7:00pm) | | | WorldCom Internal Audit Correspondence (June 17, 2002, 3:53pm) |
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http://news.findlaw.com/legalnews/lit/worldcom
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| | ASPnews.com -- News : WorldCom Bankruptcy Filing Imminent |
| | At the time, the Journal reported J.P. Morgan Chase and Citigroup, the two WorldCom lenders not involved in the suit, had joined with GE Capital to provide a bankrupted WorldCom with debtor-in-possession financing, which is funding for companies in bankruptcy to continue operations. | | | The filing would give WorldCom time to construct a reorganization plan that would allow it to pay off its debts. | | | its $3.8 billion earnings restatement, as WorldCom's vendors have demanded upfront payments from the teetering telecom, the paper reported. |
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http://www.aspnews.com/news/article/0,,4191_1429661,00.html
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| | About MCI : News |
| | The plan included a three-year business plan outlining the future plans for WorldCom. | | | During the restructuring process, we have not missed a beat in delivering communications services to our millions of customers around the world. | | | The information in this section of the site illustrates WorldCom's future plans and other related business issues. |
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http://global.mci.com/about/news/infodesk
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| | Collective Moral Responsibility [Internet Encyclopedia of Philosophy] |
| | At the dawn of the 21st century, the financial malfeasance, such as represented by the cases of the Enron and Tyco corporations, has come to be synonymous for many with corporate wrongdoing. | | | It has been troubling that most of the high-ranking executives who were individually culpable for the accounting malfeasance at these companies have been able to avoid legal punishment, but the collective or corporate dimension of the wrongdoing is equally important to address. | | | Thousands of employees, particularly in the case of the now bankrupt Enron, lost their jobs and their company pensions as it became clear that Enron and Worldcom had intentionally misrepresented their true financial conditions by submitting false and misleading accounting statements. |
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http://www.iep.utm.edu/c/collecti.htm
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| | MCI WorldCom DSL Services |
| | WorldCom DSL provides business-grade service options that satisfy a broad spectrum of business and application requirements. | | | For large corporations, WorldCom DSL enables them to extend broadband access to corporate resources for small business sites and teleworker locations. | | | By maximizing the potential of your existing copper-wire infrastructure, WorldCom DSL can help your business realize the following benefits: |
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http://www.isp-select.com/MCI/DSL.htm
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| | Scotsman.com News - WorldCom fraud |
| | KPMG was slammed for its role in the WorldCom accounting scandal in the latest report by... | | | KPMG, the global business services group, has been criticised for the tax advice it gave collapsed... | | | TEN former directors of WorldCom have agreed to a £28.7 million settlement of an investor... |
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http://news.scotsman.com/topics.cfm?tid=446
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| | DLD 65-18 - GTE to sell LDDS/WORLDCOM long distance service |
| | GTE customers will now be able to receive both their local and long distance services from a single provider, and receive a single bill. | | | No financial details on the deal were disclosed, but it will likely mean record sales for WorldCom, because of GTE's huge existing customer base and brand-name recognition. | | | DLD 65-18 - GTE to sell LDDS/WORLDCOM long distance service |
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http://www.thedigest.com/65/65-18.html
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| | uExpress.com: Ted Rall by Ted Rall -- (08/19/2003) RALL 8/19/03 |
| | NEW YORK--WorldCom Inc., recently and hilariously accused of rerouting phone calls to avoid paying connection fees to other phone companies (who was running the joint, frat dudes?), ranks with Enron in the annals of modern corporate debauchery. | | | After an $11 billion accounting scandal sunk the infamous telecommunications conglomerate into bankruptcy, the U.S. General Services Administration banned federal agencies from doing business with WorldCom. | | | The Pentagon's rush to protect WorldCom from a scrappy Bahraini-based competitor, Batelco, which has built cell networks in the Middle East, has exposed yet another unholy alliance between corporate America and the Bush Administration. |
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http://www.uexpress.com/tedrall?uc_full_date=20030819
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| | Wired News: WorldCom Analysis: Is This a Great Time or What? |
| | 11:58 AM Oct. 01, 1997 PT WorldCom's seemingly never ending thirst for telecom capacity might finally be sated if its offer to buy MCI goes through, if only because there would be no one left worth buying. | | | Using a similarly prudent wholesale strategy, the company might lead the widespread emergence of IP-based voice and other applications. | | | In its recent acquisition of CompuServe's and America Online's backbone networks, WorldCom emphasized the benefits of becoming the world's largest dial-up infrastructure, and its end-to-end corporate networking services. |
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http://www.wired.com/news/business/0,1367,7352,00.html
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| | AlterNet: A WorldCom of Trouble |
| | Even corporate criminal WorldCom --perpetrator of the largest accounting fraud in American history -- is getting in on the riches. | | | A WorldCom spokesman "also stressed the company's deep, overall relationship with the U.S. military and government." | | | The Securities and Exchange Commission recently reached a settlement with WorldCom, fining the company $500 million for its $11 billion defrauding of investors. |
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http://www.alternet.org/story.html?StoryID=16215
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| | CNN.com - Ex-WorldCom executives arrested - August 1, 2002 |
| | NEW YORK (CNN/Money) -- Scott Sullivan, the WorldCom chief financial officer who was fired when the company revealed a $3.8 billion accounting error, surrendered Thursday to federal authorities in Manhattan, where he faces charges of securities fraud, a source told CNN. | | | On June 25, WorldCom revealed that it hid the $3.8 billion in expenses over 15 months starting last year. | | | CNN has confirmed that a criminal complaint will be unsealed Thursday charging both men with seven counts of securities fraud and seven counts of conspiracy to commit securities fraud in connection with WorldCom's misstatement of $3.8 billion in expenses. |
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http://www.cnn.com/2002/BUSINESS/08/01/worldcom.arrests/index.html
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| | WorldCom, Inc. bankruptcy information |
| | Modified Second Amended Joint Plan of Reorganization, dated October 21, 2003, confirmed on October 31, 2003. | | | In RE: WorldCom Inc. - All cases are docketed under case # 02-13533 | | | (To retrieve the WorldCom docket report faster, we recommend running the report in small date ranges.) |
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http://www.nysb.uscourts.gov/worldcom.html
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| | MCI WorldCom DSL Services |
| | To satisfy your specific requirements, we offer two business-grade Enterprise DSL solutions: | | | WorldCom focuses on fulfilling your business needs through a wide range of integrated access alternatives. | | | By providing access to WorldCom’s family of industry-leading voice and data services, Enterprise DSL enables a variety of integrated access solutions for corporate sites, remote or small office sites, and enterprise teleworkers. |
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http://www.isp-select.com/MCI/Enterprise_DSL.htm
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| | Worldcom Wireless Phones |
| | Business Cellular Email Email Phone Low Cost service so choose any one if you correct company will help your business grow. | | | Cheap Worldcom Wireless Phones a today so if you Service Plans now to go to who to do qualified business with us are it. | | | Worldcom Wireless Phones and then the next day Guaranteed is to offer. |
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http://www.lowcostwireless4u.com/worldcom-wireless.html
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| | Worldcom Wireless Phones |
| | Motorola Startac Cellular Phone one of the that we have subsidized our product with other purchases. | | | Worldcom Wireless Phones is what we sell and your call plan with these quality Worldcom Wireless Phones and we are proud Wireless Phone Plan Comparison and are not because this only | | | Our Worldcom Wireless Phones Affordable are online to improve the chances of making a clear cellphone rates. |
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http://www.cellphoneonlinerates.com/worldcom-wireless.html
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| | Daily News by Radok News |
| | A U.S. judge on Wednesday gave final approval to a $3.6 billion legal settlement between more than a dozen investment banks and WorldCom Inc. investors stemming from the telecommunications company's collapse three years ago. | | | Bernard Ebbers, the former CEO of WorldCom, was found guilty Tuesday for his role in the mammoth accounting scandal that resulted in the largest bankruptcy in U.S. history. | | | The sentence means Ebbers, 63, could spend the rest of his life in prison. |
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http://www.radoknews.com
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| | EPIC Advisory Board |
| | Cerf is a principal for the Global Internet Project (GIP), and he sits on the Board of Directors for the Endowment for Excellence in Education, Folger Shakespeare Library, Gallaudet University, the WorldCom Foundation, Nuance Corporation, Avanex Corporation, CoSine Corporation, 2BNatural Corporation, B2B Video Networks and the Hynomics Corporation. | | | Cerf has served as a member of the U.S. Presidential Information Technology Advisory Committee (PITAC) since 1997 and serves on several national, state and industry committees focused on cyber-security. | | | Cerf's team of architects and engineers design advanced networking frameworks including Internet-based solutions for delivering a combination of data, information, voice and video services for business and consumer use. |
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http://www.epic.org/epic/advisory_board.html
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