WorldCom, Inc.

E216124
public company telecommunications company

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.

Try in SPARQL Jump to: Surface forms Statements Referenced by

All labels observed (3)

Label Occurrences
WorldCom 10
WorldCom, Inc. canonical 2
MCI WorldCom 1

Statements (51)

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

MFS Communications Company, Inc. ⓘ
UUNET Technologies, Inc. ⓘ
acquiredBy Verizon ⓘ
surface form: Verizon Communications
acquisitionCompleted 2006 ⓘ
announcedAccountingIrregularities June 2002 ⓘ
bankruptcyJurisdiction United States of America ⓘ
surface form: United States
bankruptcyType Chapter 11 ⓘ
category defunct telecommunications company of the United States ⓘ
country United States of America ⓘ
surface form: 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 ⓘ
surface form: Bernard Ebbers convicted of fraud and conspiracy

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 ⓘ
surface form: Bernard Ebbers – Chief Executive Officer

Scott Sullivan ⓘ
surface form: Scott Sullivan – Chief Financial Officer
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, Inc. self-linksurface differs ⓘ
surface form: WorldCom
reorganizedAs MCI Inc. ⓘ
restatedEarnings over 11 billion US dollars ⓘ
stockExchangeListing NASDAQ ⓘ
successor MCI Inc. ⓘ
tickerSymbol WCOM ⓘ
ultimateFate acquired by Verizon Communications ⓘ

Referenced by (13)

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

MCI Inc. → formerName → WorldCom, Inc. ⓘ
MCI Inc. → predecessor → WorldCom, Inc. ⓘ
this entity surface form: WorldCom
Michael Capellas → employer → WorldCom, Inc. ⓘ
this entity surface form: WorldCom
Arthur Andersen → notableClient → WorldCom, Inc. ⓘ
this entity surface form: WorldCom
WorldCom accounting scandal → mainCompanyInvolved → WorldCom, Inc. ⓘ
this entity surface form: WorldCom
WorldCom accounting scandal → announcedBy → WorldCom, Inc. ⓘ
this entity surface form: WorldCom
WorldCom, Inc. → renamedAs → WorldCom, Inc. self-linksurface differs ⓘ
this entity surface form: WorldCom
Bernard Ebbers → employer → WorldCom, Inc. ⓘ
this entity surface form: WorldCom
Bernard Ebbers → coFounded → WorldCom, Inc. ⓘ
this entity surface form: WorldCom
MCIP → formerName → WorldCom, Inc. ⓘ
subject surface form: MCI Inc.
this entity surface form: MCI WorldCom
MCIP → formerName → WorldCom, Inc. ⓘ
subject surface form: MCI Inc.
WCOM → associatedWith → WorldCom, Inc. ⓘ
this entity surface form: WorldCom
WCOM → predecessor → WorldCom, Inc. ⓘ
subject surface form: MCI Inc.
this entity surface form: WorldCom