When President Bush signed the Sarbanes- Oxley Act into law in July 2002, the problems at WorldCom Inc. were fresh on everyone's mind because the telecommunications giant had sought bankruptcy protection just nine days earlier. Nearly three years later, WorldCom's former chief executive has been found guilty of fraud and faces a maximum prison term of 85 years, potentially one of the stiffest sentences yet in a parade of white-collar criminals.
See full Article.
Posts
