Tuesday, March 15, 2005

Ebbers Found Guilty.

Well this just in folks, after 8 days of deliberation, WorldCom's Ebbers has been found guilty on all counts. In what might grossest example of earnings misstatements EVER, this guy claimed that while he counted teabags and coffee refills, he knew nothing of the massive accounting fraud occuring within his company. And we wonder why Sarbanes-Oxley (or SOX as my Finance Professor says to people "in the know") came to be. I think Ebbers miscounted his beans.

Labels:

0 Comments:

Post a Comment

<< Home