Worldcom scandal
Overview
WorldCom was originally founded in 1983 as Long Distance Discount
Service, INC. The company traded publicly as a cooperation in 1989 as a
result of a merger with advantage companies inc. the company name
was changed to LDS WorldCom in 1995, and relocated to Clinton,
mississppi the company grew rapidly and became the third largest
telecommunication company in the united states. In November 1997,
the WorldCom and microwave communications inc merged and became
MCI WorldCom mking it the largest corporate merger in the US history
Nature of fraud