Ebbers, Former WorldCom Brass Had Total Autonomy, Say Reports

Bernie Ebbers and other former top executives at WorldCom Inc. ruled the phone giant as lords who concealed a massive accounting fraud from their auditor, bullied underlings who questioned their tactics and approved multibillion dollar acquisitions in a matter of hours or minutes without a shred of paper presented to the board of directors, according […]

WorldCom’s Fraud: Even Deeper, Says Investigator

A bankruptcy court examiner said in a report released Monday that WorldCom’s fraud is likely to be even greater than had been thought. Richard Thornburgh, a former U.S. attorney general, released a preliminary report that found WorldCom’s fraud could be even larger than the $7.2 billion restatement and that former CEO Bernie Ebbers guaranteed or […]

WorldCom’s Yates Pleads Guilty in Accounting Scandal

Buford Yates Jr. on Monday became the second WorldCom Inc. executive to admit participation in one of the largest accounting frauds in U.S. history. Yates, WorldCom’s former director of general accounting, pleaded guilty to one count of conspiracy and one count of securities fraud before a U.S. Magistrate judge in Manhattan. Yates could be sentenced […]

Phone Plus Prepaid: Hang Up on Fraud

Posted: 09/2002 Hang Up on Fraud By Khali Henderson PREPAID FRAUD SOUNDS LIKE AN OXYMORON, but, in fact, it is a big problem. ATLANTIC-ACM reports 79 percent of prepaid providers have encountered fraud. Their losses average 1 percent to 3 percent but range as high as 20 percent. "The thing about phone time is that […]

Regulatory News – SBC Subsidiary Charged with Consumer Fraud

Posted: 03/2001 SBC Subsidiary Charged with Consumer Fraud Illinois Regulators Scrutinize Ameritech’s QoS Problems By Kim Sunderland The Illinois Commerce Commission (ICC, .us) recently found Ameritech Corp., a subsidiary of SBC Communications Inc. (, guilty of fraudulent marketing of a controversial rate plan. The ICC subsequently banned Ameritech from marketing the plan, which the incumbent […]

Opcenter: Fraud Busting the ASP Way

Posted: 11/2000 Fraud Busting the ASP Way By James R. Dukart Fraud management is rarely, if ever, the top priority of a new or emerging carrier. While industry analysts estimate fraud costs U.S. carriers somewhere between $6 billion and $18 billion per year, new carriers are more likely to concentrate on network buildouts or customer […]

Is Your Fraud System Due for a Checkup?

Posted: 10/1999 Is Your Fraud System Due for a Checkup? By Jim Marsh A fraud system should never be surprised with mystery call traffic. If so, then the fraud group may not have inserted itself into the product development life cycle or into the network-update change process. A common misconception among telecommunications executive management is […]

Carrier Contracts: A Minefield of Avoidable Risk

Posted: 08/1999 Carrier Contracts: A Minefield of Avoidable Risk By Neil S. Ende Carrier agreements are intended to set forth the terms and conditions under which resellers purchase the essential commodity of their business: telecommunications services. Sadly, however, it is a rare instance when the reseller has read or truly understands the essential terms and […]

Is Wireless Service Telecom’s New ‘Air’Apparent?

Posted: 04/1999 Is Wireless Service Telecom’s New ‘Air’ Apparent? Will New Creative Pricing Schemes for Cellular, PCS Services Threaten Landline’s Reign? By Jennifer Knapp Illustration by Ben Folkertsma For more than 15 years, competitive providers of cellular service have competed fiercely against their wired cousins. Convenience has been their trump card. And while anywhere communications […]

Transactional Collections Bridges Gaps

Posted: 03/1999 Transactional Collections Bridges Gaps By Jim Marsh The role of many telecom service provider risk managers is to keep the questionable or credit-challenged customer off the network. They attack the potential customer as an undesirable entity with little or no compassion. This approach is not completely without merit, but largely ignores the broader […]

The ID is: 69736