$7 Billion and Counting

Author: Scyess

Date: August 8, 2002

by Scyess
8-08-02
June...
...has just found that WorldCom lied about $3.85 BILLION dollars in income on its balance sheet. The stock fell faster than an executive from a ledge.
Today...
...has just found that WorldCom fudged ANOTHER $3.3 billion dollars in income they never had. Their former investors were rigorously spanked.
Eventually...
...have discovered that WorldCom never actually had any income, but was funded entirely by three widows with "no limit" Visa Platinum cards...
My "wadded up bills in a coffee can" investment scheme is looking better every day.