During 2002 the long-distance telephone and data company WorldCom buckled under a $3.85-billion accounting scandal and a mountain of junk-rated debt, filing for bankruptcy protection in the largest US insolvency at that time.
During 2002 the long-distance telephone and data company WorldCom buckled under a $3.85-billion accounting scandal and a mountain of junk-rated debt, filing for bankruptcy protection in the largest US insolvency at that time.
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