The WorldCom scandal was one of the most shocking and widespread fraud to rock Wall Street in generations

As an accounting student, you are required to search for the WorldCom Scandal. What were the issues that happened and what impact it had on the stockholder?

Your answer should include the following

1. Detail about the scandal?

2. What were the main points of fraud and how they did it?

3. Attach the financial statements of the company showing the inflated incomes

4. How it affected the shareholder and how much money was lost?

5. What steps Government took to stop these kinds of issues in future?

6. Provide references