5. In the real case on which this one is based, the internal auditors agonized over the question of whether they had actually uncovered a fraud or whether they were jumping to the wrong conelusion. The Wall Street Joumal mentioned this on October 30 . 2002, by stating. "it was clear ... that their findings would be devastating for the company. They worried about whether their revelations would resuit in layoffs. Plus, they feared that they would somehow end up being blamed for the mess." Beyond the personal consequences mentioned in this quote, describe other potential ways in which the findings of the internal auditors weuld likely be devastating for the publicly traded company and those associated with it. Epilogue. This case is based on a fraud committed at WorldCom (now called Verizon). The case draws its numbers, the nature of the unsupported journal entries; and the CFO's tole in carrying out the fraud from a report issued by WocldCom's bunkruptey examiner. Year I in this case was actually 2001 and Year 2 was 2002 . This case cucludes other fraudalent activities that contributed to WorldCom's $11 billion fraud. The 63 year-old CEO was sentenced to 25 years in prison for planning and executing the biggest fraud in the history of American basiness. The CFO, who cooperated in the investigation of the CEO, was sentenced to five years in prison