WorldCom Inc.
Tim Boyle / Getty
2002
$104 billion in pre-filing assets
A month after an accounting scandal made headlines, the telecommunications company, once the second largest long-distance carrier in the U.S., filed for bankruptcy. Several WorldCom executives subsequently pleaded guilty to fraud charges, with CEO Bernard Ebbers sentenced to 25 years in prison. The company emerged from bankruptcy in 2004 as MCI Inc.
Most Popular »
- Another Snowstorm: What Happened to Global Warming?
- Are the Bible's Stories True? Archaeology's Evidence
- Who Were the First Americans?
- Spain's Troubled Economy: Why Europe Is Worried
- Counterterrorism: The Debate Moves Right
- Facing Death and Divorce at the Same Time
- Asian Carp in the Great Lakes? This Means War!
- Obama and Republicans Jockey for (Bi)partisan Advantage
- In Tokyo, Embattled Toyota Chief Faces a Nation
- Another Snowstorm: What Happened to Global Warming?
- Are the Bible's Stories True? Archaeology's Evidence
- Spain's Troubled Economy: Why Europe Is Worried
- Who Were the First Americans?
- Asian Carp in the Great Lakes? This Means War!
- The Problem with Football: How to Make It Safer
- Obesity in Kids: Three Lifestyle Changes that Help
- How to Build Your Own Bedbug Detector
- Toyota's Safety Problems: A Checkered History
- Obama and Republicans Jockey for (Bi)partisan Advantage
Top Stories on TIME.com
Quotes of the Day »
EXCERPT FROM DOCUMENTS given by the CIA to British intelligence officials
about Ethiopian-born British resident Binyam Mohamed, who alleges he was
tortured at the behest of U.S. authorities after his 2002 arrest in Pakistan.
RSS