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After Enron started to fade in the news, MCI was in the spot light for the same thing. There was a merger with WorldCom and MCI communications was using the name. MCI WorldCom then followed by the name WorldCom as part of the corporate emergence from bankruptcy in 2003.
There was a major investigation that revealed some shocking news of an appalling pattern of lax controls which allowed the former CEO and CFO to run the company unchecked and very sneaky...
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The most shocking news was that close to 40 employees in the finance departments (who were starting to get suspicious) looked the other way and acted like they knew nothing of it. During the investigation, the director of general accounting threatened to fire any employee that provided information to any auditor...
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