Question: we choose worldcom please answer Question B only with in text citation WorldCom Scandal (2002) WORLDCOM World Com was an American telecommunications company based out


WorldCom Scandal (2002) WORLDCOM World Com was an American telecommunications company based out of Ashburn, Virginia. In 2002. just a year after the Enron scandal, it was discovered that World Com had inflated its assets by almost 511 billion, making it by far one of the largest accounting scandals ever The company had underreported line costs by capitalizing instead of expensing them and had inflated its revenues by making false entries. The scandal first came to light when the company's internal audit department found almost $3.8 billion in fraudulent accounts. The company's CEO, Bernie Ebbers, was sentenced to 25 years in prison for fraud, conspiracy, and filing false documents. The scandal resulted in over 30.000 job losses and over $180 billion in losses by investors. . Choose one case from the above link and answer the questions given below. Use AUM library resources and reliable internet sources (Do not use websites like Wikipedia, Investopedia, etc.) Please write something professional as a group of senior students. Please provide references and put in-text citations. Please follow the instructions about the number of words. Use the below format for your answers. b) The nature of the fraud. (When and what kind of fraud? What was the aim of the scam - showing more assets? More profit? etc.) (50 words -5 pts - per case) Commitment to the fra
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