http://en.wikipedia.org/wiki/MCI_Inc.

Accounting scandals
Bernard Ebbers became very wealthy from the rising price of his holdings in WorldCom�s stock.[1] However, shortly after the MCI acquisition in 1998, the telecommunications industry entered a downturn and WorldCom�s growth strategy suffered a serious blow when it was forced to abandon its proposed merger with Sprint in late 2000. By that time, WorldCom�s stock was declining and Ebbers came under increasing pressure from banks to cover margin calls on his WorldCom stock that was used to finance his other businesses (timber and yachting, among others).[2] During 2001, Ebbers persuaded WorldCom�s board of directors to provide him corporate loans and guarantees in excess of $400 million to cover his margin calls.[3] The board hoped that the loans would avert the need for Ebbers to sell substantial amounts of his WorldCom stock, as his doing so would put further downward pressure in the stock's price. However, this strategy ultimately failed and Ebbers was ousted as CEO in April 2002 and replaced by John Sidgmore, former CEO of UUNet Technologies, Inc.
Beginning in 1999 and continuing through May 2002, the company (under the direction of Scott Sullivan (CFO), David Myers (Controller) and Buford �Buddy� Yates (Director of General Accounting) used fraudulent accounting methods to mask its declining earnings by painting a false picture of financial growth and profitability to prop up the price of WorldCom�s stock.[4]
The fraud was accomplished primarily in two ways:
Underreporting �line costs� (interconnection expenses with other telecommunication companies) by capitalizing these costs on the balance sheet rather than properly expensing them.
Inflating revenues with bogus accounting entries from �corporate unallocated revenue accounts�.
In 2002 a small team of internal auditors at WorldCom worked together, often at night and in secret, to investigate and unearth $3.8 billion in fraud. [1] [2] [3] Shortly thereafter, the company�s audit committee and board of directors were notified of the fraud and acted swiftly: Sullivan was fired, Myers resigned, Arthur Andersen withdrew its audit opinion for 2001, and the U.S. Securities and Exchange Commission (SEC) launched an investigation into these matters on June 26, 2002 (see accounting scandals). By the end of 2003, it was estimated that the company's total assets had been inflated by around $11 billion. [5]

http://rapidshare.com/files/169430622/02-CNBC_Originals-_The_Big_Lie_.part1.rar
http://rapidshare.com/files/169437470/02-CNBC_Originals-_The_Big_Lie_.part2.rar
http://rapidshare.com/files/169444784/02-CNBC_Originals-_The_Big_Lie_.part3.rar
http://rapidshare.com/files/169452296/02-CNBC_Originals-_The_Big_Lie_.part4.rar