False entries described at WorldCom
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A former top accountant at WorldCom Inc. testified yesterday she was told to make improper accounting entries because chief executive Bernard Ebbers did not want to lower expectations for Wall Street.
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Legitimate mortgage lenders inadvertently support--and get tangled in--spam traps.
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Sundeep Sanghavi's job at Cable & Wireless USA Inc. had been to look for mistakes in the bills the company received from other telecommunications carriers.
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Resellers are accused of selling products with fake Certificate of Authenticity labels.
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Two WorldCom Inc. accountants agreed  to cover up $800 million in expenses only after learning that  Chief Executive Bernard Ebbers refused to warn investors that  profits were worse than expected, they testified at Ebbers'  fraud trial on Wednesday.
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The Securities and Exchange Commission is investigating WorldCom Inc.'s official creditors committee, requesting reams of documents related to members' dealings as well as information they reviewed about WorldCom's health and prospects.
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Company debuts technology that will make it possible to send false information about an incoming call.
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Microsoft is pointing to a server error that caused a weekend snafu in which legitimate customers were accused of stealing software. Thousands of legit copies of Windows XP and Vista were identified by Microsoft&#39;s Windows Genuine Advantage (WGA) validation system as pirated.
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On PHPEverywhere today, there's a new posting from John talking about a little "scare" he's had with the defaults on his switch statements.
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Former WorldCom Inc. Chief Executive  Bernard Ebbers violated the trust of investors who lost  billions of dollars by choosing to repeatedly lie, a prosecutor  charged on Tuesday as the fraud trial opened.
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Complaint includes violation of privacy, false advertising, and unjust enrichment.
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It was less than two years ago that Wall Street analysts Jack Grubman and Henry Blodget paid $19 million in fines and were banned from the securities industry for life to settle allegations that they'd promoted stocks like WorldCom and Global Crossing as the telecom companies swan-dived into an empty swimming pool. Shortly after that, in April 2003, 10 of ...
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Q: I have been receiving an increasing number of e-mail requests to participate in financial schemes that are clearly bogus and illegal.
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Makers of security software question the thoroughness and accuracy of evaluations.
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Elcomsoft, a Moscow-based password-recovery firm, has accused Intuit Inc. of hiding a backdoor in its Quicken personal finance program that could give government agencies access to users' data files. Intuit denied the charge.
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Qwest Communications International Inc. managers orchestrated a massive fraud, marked by a dependence on bogus transactions that became like a ``heroin&#39;&#39; addiction, the US Securities and Exchange Commission said.
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(InfoWorld) - Former WorldCom Inc. chief executive Bernard Ebbers is scheduled to report to a federal prison Tuesday to begin a 25-year sentence related to his role in the accounting misstatements that led to the telecommunications giant's bankruptcy. Ebbers was convicted in March 2005 of one count of conspiracy to commit securities fraud, one count of securities fraud and seven counts of false filing with the U.S. Securities and Exchange Commission (SEC). In July, an appeals court upheld his conviction and sentence. Ebbers has been ordered to report to prison by 2 p.m. EST Tuesday, according to the U.S. Attorney's Office for the Southern District of New York. An inmate's federal prison assignment is not public information until after he's jailed, said a spokeswoman for the U.S. Department of Justice's Bureau of Prisons. The indictment against Ebbers charged that in 2000 he took part in a scheme to falsely inflate revenue and the price of WorldCom's stock. Ebbers said he didn't know of the financial irregularities. WorldCom, which later changed its name to MCI Inc., filed for bankruptcy in July 2002 after disclosing that employees falsified records to inflate revenue. In April 2004, MCI agreed to a $750 million settlement for accounting irregularities with the SEC. Verizon Communications Inc. purchased MCI in a deal worth $8.5 billion in cash and stock that closed in January.