Peggy Bethea

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• Peggy Bethea
• Erin Malone
• Beth Strauss

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Business Area

• WorldCom was Americas second-biggest
  long-distance phone company

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What did they do?
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How did they get caught?

• Bernard Ebbers, prior
• CEO, resigned after
• admitting he borrowed
• 341 million from the firm to
• cover losses he incurred in
• buying its shares

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WorldComs Stock

• The scandal pushed WorldComs stock to all time
  low of just 5 cents after being over 60 just a
  few years ago

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WorldComs Stock
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Sources

• News.bbc.co.uk
• www.worldcomstockfraud.com
• Worldcom June 25, 2002 Press Release