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In page Bernard Ebbers:
"On June 25, 2002, WorldCom admitted to nearly $3.9 billion in accounting misstatements and on July 22, 2002, it filed bankruptcy.[1] The figure eventually grew to $11 billion. This initiated a series of investigations and legal proceedings, which focused on Ebbers, WorldCom's former CEO.[2][3] Ebbers blamed the accounting scandal on his subordinates.[4]
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