TGL WHAAAAAAAT! Alerts, thoughts, discussion. Message Board

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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: StocksDATsoar who wrote (107558)	7/13/2002 3:11:51 AM
From: Taki	Read Replies (1) of 150070

WORLDcom.Tell them Taki said to put the bastards in Jail immediately, that stold the peoples money. No trial nothing.Just stuck them up in Jail.Minimum 40 years for each one responsible. WorldCom admitted that it had disguised $3.9 billion in expenses as capital expenditures so that it would appear to be more profitable. Court papers say Michael Salisbury, WorldCom's general counsel, "stated that the fraud had been perpetrated at the highest level of the company." Separately, two Illinois pension systems are also suing after losing millions of dollars by investing in WorldCom. The Teachers' Retirement System and the State Universities Retirement System claim WorldCom, some top executives and several investment firms knew the company was in financial trouble but hid that when selling $12 billion worth of bonds last year. Jon Bauman, executive director of the Teachers' Retirement System, said his group lost about $11 million on the bond sale, and the university system lost roughly $4 million to $5 million. The two pensions funds are also part of a class-action lawsuit against WorldCom.

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