WorldCom, Inc.

E216124

WorldCom, Inc. was a major American telecommunications company that became infamous for one of the largest accounting fraud scandals in U.S. corporate history, leading to its bankruptcy and rebranding as MCI Inc.

All labels observed (6)

How this entity was disambiguated

Statements (51)

Predicate Object
instanceOf public company ⓘ
telecommunications company ⓘ
abbreviation LDDS ⓘ
acquired ANS Communications ⓘ
CompuServe Network Services ⓘ
MCI Communications ⓘ
linked to: MCI Inc.

MFS Communications Company, Inc. ⓘ
UUNET Technologies, Inc. ⓘ
acquiredBy Verizon Communications ⓘ
linked to: Verizon
acquisitionCompleted 2006 ⓘ
announcedAccountingIrregularities June 2002 ⓘ
bankruptcyJurisdiction United States ⓘ
bankruptcyType Chapter 11 ⓘ
category defunct telecommunications company of the United States ⓘ
country United States ⓘ
describedAs one of the largest accounting frauds in U.S. history ⓘ
one of the largest corporate bankruptcies in U.S. history ⓘ
emergedFromBankruptcy 2004 ⓘ
facedAllegation fraudulent accounting practices ⓘ
improper capitalization of expenses ⓘ
overstating earnings ⓘ
filedForBankruptcy July 21, 2002 ⓘ
foundedBy Bernard Ebbers ⓘ
Murray Waldron ⓘ
William Rector ⓘ
headquartersLocation Clinton, Mississippi ⓘ
impact led to passage and enforcement emphasis of the Sarbanes–Oxley Act ⓘ
inception 1983 ⓘ
industry internet services ⓘ
long-distance telephone services ⓘ
telecommunications ⓘ
keyPerson Bernard Ebbers ⓘ
Scott Sullivan ⓘ
legalOutcomeForExecutive Bernard Ebbers convicted of fraud and conspiracy ⓘ
linked to: Bernard Ebbers

Scott Sullivan pleaded guilty to securities fraud ⓘ
locatedInTimeZone Central Time Zone ⓘ
notableFor accounting fraud scandal ⓘ
corporate bankruptcy ⓘ
originalName Long Distance Discount Service, Inc. ⓘ
positionHeld Bernard Ebbers – Chief Executive Officer ⓘ
linked to: Bernard Ebbers

Scott Sullivan – Chief Financial Officer ⓘ
linked to: Scott Sullivan
regulatoryAction investigated by the U.S. Securities and Exchange Commission ⓘ
subject to criminal investigation by the U.S. Department of Justice ⓘ
renamedAs MCI Inc. ⓘ
WorldCom ⓘ
linked to: WorldCom, Inc.
reorganizedAs MCI Inc. ⓘ
restatedEarnings over 11 billion US dollars ⓘ
stockExchangeListing NASDAQ ⓘ
successor MCI Inc. ⓘ
tickerSymbol WCOM ⓘ
ultimateFate acquired by Verizon Communications ⓘ

How these facts were elicited

Referenced by (40)

Full triples — surface form annotated when it differs from this entity's canonical label.

MCI Inc. → formerName → WorldCom, Inc. ⓘ
MCI Inc. → predecessor → WorldCom ⓘ
linked to: WorldCom, Inc.
Michael Capellas → employer → WorldCom ⓘ
linked to: WorldCom, Inc.
Arthur Andersen → notableClient → WorldCom ⓘ
linked to: WorldCom, Inc.
WorldCom accounting scandal → mainCompanyInvolved → WorldCom ⓘ
linked to: WorldCom, Inc.
WorldCom accounting scandal → announcedBy → WorldCom ⓘ
linked to: WorldCom, Inc.
WorldCom, Inc. → renamedAs → WorldCom ⓘ
linked to: WorldCom, Inc.
Bernard Ebbers → employer → WorldCom ⓘ
linked to: WorldCom, Inc.
Bernard Ebbers → coFounded → WorldCom ⓘ
linked to: WorldCom, Inc.
MCI Inc. → formerName → MCI WorldCom ⓘ
subject linked to: MCIP
linked to: WorldCom, Inc.
MCI Inc. → formerName → WorldCom, Inc. ⓘ
subject linked to: MCIP
WCOM → associatedWith → WorldCom ⓘ
linked to: WorldCom, Inc.
MCI Inc. → predecessor → WorldCom ⓘ
subject linked to: WCOM
linked to: WorldCom, Inc.
Chief Executive Officer of WorldCom → employer → WorldCom ⓘ
linked to: WorldCom, Inc.
Chief Executive Officer of WorldCom → workLocation → WorldCom corporate headquarters ⓘ
linked to: WorldCom, Inc.
Arthur Andersen → notableClient → WorldCom ⓘ
subject linked to: AA
linked to: WorldCom, Inc.
Scott Sullivan → employer → WorldCom ⓘ
linked to: WorldCom, Inc.
Scott Sullivan → employer → MCI WorldCom ⓘ
linked to: WorldCom, Inc.
Scott Sullivan → employer → WorldCom ⓘ
linked to: WorldCom, Inc.
Cynthia Cooper → employer → WorldCom ⓘ
linked to: WorldCom, Inc.
OzEmail → acquiredBy → WorldCom ⓘ
linked to: WorldCom, Inc.
OzEmail → parentCompanyAfterAcquisition → WorldCom ⓘ
linked to: WorldCom, Inc.
Long Distance Discount Service, Inc. → originalNameOf → WorldCom ⓘ
linked to: WorldCom, Inc.
Long Distance Discount Service, Inc. → renamedAs → WorldCom ⓘ
linked to: WorldCom, Inc.
Long Distance Discount Service, Inc. → stockExchangeListing → NASDAQ (as WorldCom) ⓘ
linked to: WorldCom, Inc.
LDDS → formerNameOf → WorldCom ⓘ
linked to: WorldCom, Inc.
LDDS → laterKnownAs → WorldCom ⓘ
linked to: WorldCom, Inc.
MCI → predecessor → WorldCom ⓘ
subject linked to: LDDS
linked to: WorldCom, Inc.
MFS Communications Company, Inc. → acquiredBy → WorldCom ⓘ
linked to: WorldCom, Inc.
MFS Communications Company, Inc. → parentCompanyAfterAcquisition → WorldCom ⓘ
linked to: WorldCom, Inc.
CompuServe Network Services → parentOrganization → WorldCom ⓘ
linked to: WorldCom, Inc.
CompuServe Network Services → parentOrganization → MCI WorldCom ⓘ
linked to: WorldCom, Inc.
ANS Communications → partOf → WorldCom ⓘ
linked to: WorldCom, Inc.
ANS Communications → acquiredBy → WorldCom ⓘ
linked to: WorldCom, Inc.
ANS Communications → parentCompanyAfterAcquisition → WorldCom ⓘ
linked to: WorldCom, Inc.
ANS Communications → successor → WorldCom Internet operations ⓘ
linked to: WorldCom, Inc.
Bernard Ebbers → employer → WorldCom ⓘ
subject linked to: Ebbers
linked to: WorldCom, Inc.
United States v. Bernard J. Ebbers → relatedCompany → WorldCom ⓘ
linked to: WorldCom, Inc.
William Rector → notableWork → WorldCom, Inc. ⓘ
Murray Waldron → coFounded → WorldCom, Inc. ⓘ