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'World-Con': Massive Accounting Fraud Hits Wall Street Again
"The gargantuan telecommunications firm WorldCom announced on Tuesday that it is restating its financial statements for 2001 and first quarter 2002 because of incorrect capital expenditure accounting." News and reader discussion. [Plastic]

SBC Ameritech Files Complaint Against MCI for Slamming in Illinois
"SBC Ameritech Illinois filed a complaint with the Illinois Commerce Commission calling for an end to alleged deceptive sales and marketing practices, and slamming by WorldCom Inc.'s MCI Group." [SF Gate]

"You Have No Idea the Evil We Do" - MCI Insiders Break Their Silence
Stories of "modern call center hell" submitted by MCI staffers. By Andrew Orlowski. [Register]

MCI Paralyzes US Reg Bureau
The Register falls victim to MCI "random billing". By Andrew Orlowski. [Register]

WorldCom's $3.8 Billion Scandal
"Telecom sector reels after accounting disclosure." By Shawn Langolis. [CBS Marketwatch]

WorldCom: The Sky is Falling
ZDNet News special report. "It's Enron, part II. Add almost $4 billion in 'outrageous' accounting irregularities to a company already in debt, and you've got a crisis."

How Auditor Found $4bn Black Hole
"The financial scandal that has enveloped WorldCom, one of America's largest phone companies, was unearthed by an employee running a spot check on the Mississippi-based company's books." By Julian Borger and Richard Wray. [Guardian]

WorldCom: What the US Papers Say
"Ros Taylor takes a look at how the American media are reacting to the latest corporate scandal to rock the financial markets." Press review. [Guardian]

WorldCom Formally Charged with Fraud
"WorldCom today moved closer to bankruptcy as US regulators formally charged the telecoms giant with fraud by inflating its profits through improper accounting." By Mark Tran. [Guardian]

WorldCom 'Must File Report by Monday'
"WorldCom, the disgraced telecommunications giant, has today been told it has until Monday to explain to regulators how it inflated profits by $4bn (£2.5bn)." By Mark Tran. [Guardian]