Hollywood Starts with Animation

"Hollywood Begins with Animation ()" Find the latest chapter!

[Real hammer: WorldCom falsely reports profits, engages in private fraud, and commercial fraud! 】

[The Securities and Exchange Commission announced: It has verified that WorldCom's false revenue has exceeded 3.8 billion U.S. dollars! 】

[The corresponding evidence of WorldCom has been submitted to the District Court of Jackson, the capital of Mississippi. 】

【Former WorldCom Chairman Bernard Ebbers denies any crimes and insists that his financial accounts are clean! 】

"New York Times", "Washington Post", "Bloomberg", "Mississippi State Newspaper", "Time", "Fortune" and other major media newspapers, including NBC, CBS, WB, ABC and other major public television stations in the United States, It also launched follow-up reports in the form of unit dramas.

Sales of major media newspapers are booming;

The number of viewers of major TV stations remains high;

For a time, the scandal of the WorldCom incident completely became the subject of full attention and heated discussions.

Joe Namm, a well-known economics professor at New York University, clearly stated in an interview: “Since the end of the Cold War between the United States and the Soviet Union in the early 1990s, the market economy in the United States has shown a rapid development model, especially the opening of high-speed broadband Internet information. It has pushed the free economy of the United States to one peak after another, but problems have followed!"

"At the beginning of 2000, the global Internet bubble burst. On the day of the stock market crash, more than 3 trillion US dollars was lost in just one day, and more than 300 Internet companies fell down;"

"In September 2001, the sudden arrival of the September 11 incident caused the US economy to suffer another severe winter;"

"In November 2001, energy giant Enron collapsed;"

"In December 2001, Global Crossing collapsed;"

"As of May 2002, WorldCom, the second largest long-distance telephone communication company in the United States, has been deeply involved in negative scandals;"

"I've been asked, why do these things keep happening?"

"Aren't there any effective measures to prevent it?"

"I tell you—no!"

"As long as our social system does not change, as long as human greed exists, all this will continue to happen in the future!"

Do you speak?

Many people who watched the TV program cursed incessantly.

"An afterthought!"

A young man of Chinese origin gritted his teeth and said, "I hold a lot of shares in Arthur Andersen Accounting Firm, as well as a lot of shares and bonds in WorldCom Corporation. Now I can't sell them all, and I have thrown them all in my hands!"

There are countless investors who have suffered heavy losses like him.

In recent days, since the scandal broke out in Jackson, the capital of Mississippi, where WorldCom is headquartered, several demonstrations have taken place, and the police force at the scene became tense.

Especially under the WorldCom headquarters building, a large number of demonstrators gathered every day.

[Repay the money! 】

[Losing money! 】

【Go to WorldCom! 】

Banners and promotional slogans pulled up one by one can be seen everywhere;

Photos of WorldCom's former chairman Bernard Ebbers, current chairman Dyna Shaw Annes, and chief financial officer Scott Sullivan were severely cast aside by countless demonstrators , There is no lack of burning on the spot.

The police officers at the scene sometimes turned a blind eye to some of the excessive behavior of the demonstrators.

Have no idea!

More than 99% of the people who came to participate in the demonstrations were holders of WorldCom's stocks and bonds. With the exposure of the WorldCom scandal, they suffered huge losses, and as the scandal continued to ferment, their holdings of stocks were completely became a junk stock.

Tens of thousands of dollars, hundreds of thousands, millions, tens of thousands of dollars in losses, who can remain calm?

Many have lost their fortunes!

On the other hand, Wall Street in New York is extremely lively, forming a stark contrast.

In a coffee shop on Wall Street, it is currently in the noon break, and many Wall Street elites,

The topics of heated discussion among them are almost all WorldCom scandals.

"WorldCom is completely ruined!"

"Of course, the amount exposed so far has exceeded 3.8 billion US dollars. It's only been a few days? Who knows what big news will be revealed by the Securities and Exchange Commission in the future?"

"That's it!"

"Think about the market value of WorldCom before the scandal was exposed, as high as hundreds of billions of dollars, but now? Hehe, in just over 20 days, the market value has been cut by more than half."

"Tsk tsk tsk, I don't think it will be long before Worldcom's market value can be worth tens of billions of dollars, thank God!"

"Everyone, don't forget that WorldCom's liabilities in all aspects exceed 35 billion U.S. dollars."

"In my opinion, it will definitely go bankrupt and reorganize!"

 …

The smiles and jokes on the faces of the Wall Street elites couldn't be concealed.

Who let them make a lot of money?

In the words of Bruce Marion, a senior partner of Goldman Sachs Investment Bank: "The money we make from WorldCom is much more and faster than robbing banks!"

ding ding ding~

At this moment, among the Wall Street elites who were discussing in the coffee shop, their phones rang frequently.

"What?!"

"You said it was true!"

"Oh my God!"

Everyone who received the call showed shock and left quickly.

why?

Because another big news came out!

Citibank, Mediterranean Bank, Bank of Chicago, Mississippi State Bank...

Wait, more than 20 banks have joined forces and directly sued WorldCom to court. A year ago, WorldCom had made high loans to these banks, amounting to more than 2.5 billion US dollars.

"This is a scam!"

"There is no doubt that this is a scam!"

WorldCom, which was already on the cusp of the storm and was in deep quagmire, suffered another heavy blow. No matter how hard WorldCom tried, it was useless at this moment!

 …

Gale Capital.

CEO Andy Chelop blushed and shouted: "What are you still doing?! My God, more than 20 banks have notified the world. What does this mean? It means that WorldCom's stock today will definitely suffer. Falling off a cliff!"

"That means we're going to make a lot of money today, guys!"

At this moment, he was so excited.

That's right!

Andy Chelop, who was so excited, spoke with a vibrato.

As expected, in the rest of today, the market value of WorldCom Corporation suffered a cliff-like decline!

A billionaire?

Hehe, now it's a joke!

After more than 20 consecutive days, the market value of WorldCom has been cut by more than half, falling to just over 44 billion US dollars. It's only $20 billion.

"It's not over yet!"

"WorldCom is also thanks to the closing of the stock market, otherwise it would have fallen below 15 billion US dollars. I can guarantee that when the stock market opens tomorrow, it will plummet all the way and cannot stop."

"Well, no one can save WorldCom!"

The second update of "" is here.