|
gptkbp:instanceOf
|
political scandal
|
|
gptkbp:alsoKnownAs
|
gptkb:WorldCom_accounting_scandal
|
|
gptkbp:auditorInvolved
|
gptkb:Arthur_Andersen
|
|
gptkbp:award
|
$11 billion
$3.8 billion
|
|
gptkbp:Bernard_EbbersSentenced
|
25 years
|
|
gptkbp:CEOInvolved
|
gptkb:Bernard_Ebbers
|
|
gptkbp:CFOInvolved
|
gptkb:Scott_Sullivan
|
|
gptkbp:contrastsWith
|
gptkb:Enron_scandal
|
|
gptkbp:discoveredIn
|
2002
|
|
gptkbp:filedForBankruptcy
|
Chapter 11
July 2002
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
WorldCom scandal
|
|
gptkbp:impact
|
reform of corporate governance
stricter financial regulations
|
|
gptkbp:industry
|
telecommunications
|
|
gptkbp:involvedIn
|
gptkb:WorldCom
|
|
gptkbp:location
|
gptkb:United_States
|
|
gptkbp:mediaCoverage
|
extensive
|
|
gptkbp:method
|
capitalizing line costs
inflating revenues
|
|
gptkbp:numberOfIssues
|
accounting fraud
|
|
gptkbp:parentCompany
|
gptkb:MCI_Inc.
|
|
gptkbp:resultedIn
|
gptkb:bankruptcy
gptkb:crime
gptkb:Sarbanes-Oxley_Act
prison sentences
loss of investor confidence
job losses
SEC investigation
|
|
gptkbp:Scott_SullivanSentenced
|
5 years
|
|
gptkbp:bfsParent
|
gptkb:Sarbanes–Oxley_Act
|
|
gptkbp:bfsLayer
|
4
|