In case you’re unfamiliar with worldcom, it was a telecommunications company founded in mississippi in 1983 under the moniker, “long distance discount services” betty vinson . In 1996 betty vinson landed a midlevel accounting position at worldcom, a small long-distance telephone company in jackson, mississippi during the next few years, the company grew very rapidly via acquisitions of companies such as brooks fiber, a high-speed telecom services company skytel, a leading paging firm and uunet, a major owner of . Last week, betty l vinson, a former worldcom accounting official who said she pulled numbers out of the air when she helped fudge company books, was sentenced to five months in prison.
In the case of betty vinson of worldcom, while she had the clear understanding that her actions were wrong, she clearly kept personal financial safety ahead of her . Two ex-worldcom employees pleaded guilty for their role in the $72 billion accounting fraud the pleas by betty vinson and troy normand could help prosecutors build their case against senior . Worldcom’s betty vinson a tale of two professionals carl menconi case writing competition the ima ® committee on ethics and raef lawson, cma, cfa, cfp, cpa, phd, ima vp of.
The external auditors and board of directors were blameworthy in this case of accounting fraud at worldcom their job was to raise question betty vinson had . Provides links to sec and court documents regarding the worldcom case home | previous page: spotlight on sec v worldcom betty l vinson and troy m normand . In 1998, betty vinson was promoted to a senior manager in the firm’s corporate accounting division two years later in her position she experienced a major ethical dilemma the company worldcom was a very successful company up until the middle of 2000 when the telecommunication industry entered a protracted slump.
Betty l vinson, former top accountant at worldcom, testifies she was told to make improper accounting entries because chief executive bernard j ebbers did not want to lower wall street . Former worldcom accountant betty vinson was sentenced friday morning to five months in prison and five months house arrest for her part in worldcom's $11 billion accounting fraud. The article discusses the role of accountants betty vinson and cynthia cooper in the $11 billion accounting fraud that destroyed telecommunications firm worldcom. Vinson refused to talk about her work for worldcom or the case against her ms vinson and two colleagues ended up confessing their accounting sins to federal officials in a courtyard marriott hotel room.
In the case of betty vinson of worldcom, while she had the clear understanding that her actions were wrong, she clearly kept personal financial safety ahead of her moral and ethical standards this eventually translated into an even more detrimental result, which was jail time. Worldcom - corporate governance case study andersen auditing the case of betty vinson means to act ethically amount of traffic worldcom could expect in a best . Free online library: worldcom's betty vinson and cynthia cooper: a tale of two professionals(carl menconi case writing competition, company overview) by strategic finance business, general banking, finance and accounting communications industry officials and employees deregulation mississippi united states telecommunications industry telecommunications services industry. Worldcom faces criminal charges buford yates jr, betty vinson and troy normand but in this case it is justified, edmondson said in a statement the decision to commit this fraud was a .
Worldcom fraud case study board of directors blameworthy in this case why or why not 5 betty vinson: victim or villain worldcom this solution is . Daniels fund ethics initiative university of new mexico worldcom’s bankruptcy crisis pressure was placed on company accountants betty vinson and troy . The choice of a criminal information also suggests that they are cooperating with the government in building its case against higher-ups at worldcom, which owns mci corp, the nation's no 2 long .
New york -- a former top accountant at worldcom inc testified yesterday she was told to make improper accounting entries because chief executive bernard ebbers did not want to lower expectations for wall street betty vinson, testifying for the prosecution at ebbers' fraud trial, described making . The sec's investigation into the accounting fraud at worldcom turned up several key players betty vinson - former director of management reporting vinson pled . In contrast to betty vinson, consider worldcom internal auditor cynthia cooper she was a 38 year old, cpa, who was the company’s vice president of internal audit, responsible for a department of 24 people.