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21/07/2002 Telco giant WorldCom bankrupts

2:48

Worldcom executives Congressional hearing

1:47

Bush and employees comment on Worldcom

1:41

WorldCom executive pleads guilty to securities fraud

WorldCom filed for Chapter 11 bankruptcy protection in the largest such filing in United States history at the time. By the bankruptcy reorganization agreement, the company paid $750 million to the SEC in cash and stock in the new MCI, which was intended to be paid to wronged investors.
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