WorldCom/MCI committed the largest corporate fraud in U.S. history, estimated at $11 billion. WorldCom/MCI's fraud-induced bankruptcy cost investors, many of which are workers' pension funds, more than $200 billion in equity and bond losses. This is three times the size of Enron. WorldCom/MCI's lies and false financial reports caused a speculative bubble in the telecom industry. When the bubble burst, tens of thousands of CWA members and other telecom employees working for telecom carriers that played by the rules lost their jobs. Download the entire Microsoft Word document containing a CWA Fact Sheet. TAKE ACTION at the end of the document to e-mail your U.S. Senator before the Senate Judiciary Committee hearing on July 22, 2003! Illinois Senator Dick Durbin is a member of the Judiciary Committee.
