WorldCom accounting woes widen - $9 Billion

Grasshopper27

Banned
Sep 11, 2002
7,013
1
0
Oh brother... Another $1.8 Billion into the breach, sigh...

http://www.msnbc.com/news/831038.asp?0dm=N12KB

WorldCom Inc. inflated profits by another $1.8 billion and the company?s accounting fraud stemmed further back than previously known, according to an amended complaint filed by the Securities and Exchange Commission.

Can't we just arrest these criminals and put them in prison with "Bubba"?

Grasshopper
 

vi edit

Elite Member
Super Moderator
Oct 28, 1999
62,484
8,344
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Speaking of worldcom....you can see some of their best uhhhh...assets in this month's Playboy :D
 

iamwiz82

Lifer
Jan 10, 2001
30,772
13
81
i'm ultra temped by their short term bonds, assuming they will somehow manage to survive. I may buy one that matures in aug. of 03 if the price gets low enough. $188 for a $1000 is pretty low as it is, though.