Скачать или смотреть WorldCom Scandal: How $11 Billion in Fake Profits Fooled Wall Street

Welcome to Deception Reports where we uncover real corporate frauds, financial scandals, and the true stories behind America’s biggest collapses.
The WorldCom scandal was one of the largest accounting frauds in American history.
In this in-depth documentary, we expose how WorldCom executives secretly inflated profits by more than $11 billion, deceived Wall Street, and collapsed a telecom empire from the inside.
Between 1999 and 2002, WorldCom used illegal accounting tricks like fake “prepaid capacity” entries to hide massive losses and meet analyst expectations. Senior executives, including CEO Bernard Ebbers and CFO Scott Sullivan, approved financial manipulations that violated GAAP, misled investors, and destroyed thousands of jobs.
This video breaks down the exact accounting fraud, how a small internal audit team uncovered the scheme while management tried to stop them, and why auditors and regulators failed to act sooner. What looked like a profitable company was actually bleeding billions — and the truth came out too late.
The WorldCom accounting fraud didn’t just bankrupt a company. It reshaped corporate governance in the United States and played a major role in the creation of the Sarbanes–Oxley Act. This is a real financial crime story that shows how easily Wall Street can be fooled when pressure, power, and greed take control. #crimestory #money #crime #deception #froud #deceptionreports #scandal