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The WorldCom scandal was a major accounting scandal that came into light in the summer of 2002 at WorldCom, the USA's second-largest long-distance telephone company at the time. From 1999 to 2002, senior executives at WorldCom led by founder and CEO Bernard Ebbers orchestrated a scheme to inflate earnings in order to maintain WorldCom's stock ...
- MCI
Beginning modestly during mid-1999 and continuing at an...
- Bernard Ebbers
Bernard John Ebbers (August 27, 1941 – February 2, 2020) was...
- MCI
Beginning modestly during mid-1999 and continuing at an accelerated pace through May 2002, Ebbers, CFO Scott Sullivan, controller David Myers and general accounting director Buford "Buddy" Yates used fraudulent accounting methods to disguise WorldCom's decreasing earnings in order to maintain the company's stock price.
Aug 11, 2005 · David F. Myers, the former WorldCom controller whose testimony helped implicate Bernard J. Ebbers in the $11 billion fraud that drove the company he founded into bankruptcy, was sentenced...
Aug 11, 2005 · Former WorldCom controller David Myers, the third-ranking company executive charged in the $11 billion accounting fraud, was sentenced Wednesday to one year and one day in prison.
Sep 26, 2002 · The Securities and Exchange Commission today filed a civil enforcement action against David F. Myers, formerly the Controller and a Senior Vice President of WorldCom, Inc., and a CPA. The Commission charges that Myers participated in a massive fraud that inflated the company's earnings at the direction and with the knowledge of WorldCom's ...
Sep 26, 2002 · Prosecutors say David Myers, 44, and Scott Sullivan, former chief financial officer at WorldCom, instructed employees to hide more than $3.8 billion in expenses on balance sheets, allowing...
Aug 11, 2005 · Former WorldCom Inc. controller David Myers, the third-ranking company executive charged in an $11-billion accounting fraud, was sentenced Wednesday to one year and one day in prison.
