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August 28, 2003

WorldCom Boss Charged

OKLAHOMA prosecutors filed the first criminal charges today against WorldCom and former CEO Bernard Ebbers in the $US11 billion ($17.2 billion) accounting scandal that plunged the long-distance giant into bankruptcy. The company, Ebbers and five other former executives were accused of falsifying the books in violation of Oklahoma securities law. Posted by Editor at August 28, 2003 06:29 AM

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