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State of Oklahoma vs. corporate scumbags [View All]

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RummyTheDummy Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 03:44 PM
Original message
State of Oklahoma vs. corporate scumbags
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Edited on Wed Aug-27-03 03:52 PM by RummyTheDummy
Edmondson is a democrat who seems to be willing to do something that our crooked president won't do -- holding these corporate pigs accountable.
Instead of praising them for screwing their stockholders, he's trying to hold them accountable. What a novel concept. Apologies if this is a dupe.


Oklahoma sues WorldCom
2003-08-27
By John Greiner
The Oklahoman


http://story.news.yahoo.com/news?tmpl=story&cid=568&ncid=749&e=1&u=/nm/20030827/bs_nm/telecoms_mci_dc

Attorney General Drew Edmondson filed criminal charges today against WorldCom Inc., a huge telecommunications company, and six former employees.
In the charges filed in Oklahoma County District Court, Edmondson accused the company and employees falsifying information in its stocks and bonds.

" We allege the company and these six employees executed a scheme to artificially inflate t he value of WorldCom stock and bonds by intentionally falsifying information filed with the Securities and Exchange Commission, " Edmondson said. " Securities analysts and the investing public, including the state of Oklahoma, rely on this information when making investment decisions. "

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