MCI in fresh fraud fears

news

by Saskia Scholtes

MCI, the bankrupt telecom giant formerly known as WorldCom, has finally won court approval to settle civil fraud charges with the payment of a record $750 million fine. But while the ruling is a milestone in the company’s efforts to emerge from bankruptcy protection, investors in MCI’s debt are still anxiously awaiting the outcome of investigations into a new set of fraud allegations against the beleaguered telecom company.

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