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WorldCom woes total 7.1 billion in accounting losses
WorldCom disclosed another 3.3 billion in bogus accounting, boosting total losses to about 7.1 billion. The company warned of more issues as it restates finances for 1999 and 2000 and prepares for potential further write offs, including up to 50.6 billion in goodwill.
MENTIONED IN THIS ARTICLE
WorldCom
New York
WorldCom Inc
Brad Burns
Securities and Exchange Commission
Clinton, Miss
Kpmg LLP
Arthur Andersen LLP
Enron