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Video Description:
The WorldCom scandal, one of the most infamous corporate fraud cases in history, shook the financial world in the early 2000s. This gripping documentary delves into the rise and dramatic fall of WorldCom, a telecommunications giant once considered a darling of Wall Street. Through detailed accounts, we uncover how top executives masterminded an elaborate scheme to inflate earnings by billions, deceiving investors and regulators alike. The fallout left thousands unemployed, shareholders in ruin, and led to one of the largest bankruptcies in U.S. history. Explore the intricate web of deceit, the relentless pursuit of justice, and the lessons learned from this monumental corporate collapse.
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0:00 Introduction
2:55 Quick Ad Break
4:20 AT&T Breakup
7:55 Ebbers & LDDS
14:00 MCI Merger
18:15 Ebber's Loans
19:50 Hard Times Begin
23:15 The Fraud
44:25 Public Outrage
54:30 The Trials
1:01:15 The Aftermath
#WorldComScandal #CorporateFraud #FinancialCrisis #TelecomIndustry #Scandal #Documentary #BusinessEthics #StockMarket #WhiteCollarCrime #EconomicHistory #EnronScandal #FinancialDocumentary #CorporateCorruption #BusinessDocumentary #WorldComCollapse