Email exposes ex-WorldCom exec

Email exposes ex-WorldCom exec

A senior WorldCom executive tried to stop another member of staff discussing the company's books with auditors, Andersen, according to a congressional committee.

Link: Click here for more on WorldCom

Investigators searching WorldCom’s servers have found an email from former WorldCom controller David Myers, who was charged on 1 August with fraud for allegedly helping to hide billions in expenses, telling a London-based executive to stop talking to audit firm Andersen.

According to USAToday Steven Brabbs was told: ‘I do not want to hear an excuse, just stop. Don’t make me ask you again.’

The emails were released by the House Financial Services Committee, which is investigating WorldCom: ‘It shows you the opposition that [Brabbs] ran into and the intimidation he encountered,’ said panel spokeswoman Peggy Peterson.

A previously released email showed Brabbs being rebuked for questioning WorldCom’s accounting in 2000. He says he questioned an entry that reduced expenses by $33.6m. WorldCom says it is cooperating with all investigations.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

1m Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

2m Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y Accountancy Age

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

2m Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article