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In 2002, Cooper and her team of auditors worked together in secret and often at night to investigate and unearth $3.8 billion in fraud at WorldCom [1] which, at that time, was the largest corporate fraud in U.S. history.
The fraud was uncovered in June 2002 when the company's internal audit unit led by unit vice president Cynthia Cooper discovered over $3.8 billion of fraudulent balance sheet entries. Eventually, WorldCom was forced to admit that it had overstated its assets by over $11 billion.
Dec 30, 2002 · In her accounting classes at Mississippi State University in the mid-1980s, Cooper used to sit in the front row, dead center, says Phyllis Massey, her college roommate.
Feb 4, 2008 · The WorldCom employee who uncovered a massive accounting fraud tells the full, twisting tale in a new book.
Jun 14, 2024 · Cynthia Cooper was a key player in bringing attention to the company's financial inconsistencies. Together with auditor Gene Morse, Cooper investigated and reported WorldCom's...
Feb 1, 2008 · But the odyssey that began when Cynthia Cooper, the then–vice president of internal audit at WorldCom, decided to investigate anomalies in the company’s accounting entries ended by inspiring critical — and heavily criticized — legislation: the U.S. Senate responded to revelations about massive accounting fraud at the telecom giant by ...
Aug 11, 2021 · In fact, no one outside of his division had heard of Kim Emigh until Cynthia Cooper, head of WorldCom’s internal audit department, caught wind of Emigh’s allegations and decided to investigate. Emigh’s whistleblowing had put a stop to one accounting scheme, but another took its place.
