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| A Suit Says WorldCom Deals Obscured Millions in Bad Debt by Jeremy at 7:54 am EST, Mar 27, 2002 | |||
A lawsuit quietly moving forward against the telecommunications giant WorldCom accuses the company of using concealed transactions and sham contracts to avoid reporting an uncollectible debt of $165 million. ... The suit contends that WorldCom helped engineer a bankruptcy filing ... then took part in transactions that misleadingly inflated the value of ... a publicly traded long-distance company. | |||
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