CRIME PAYS BIG FOR WORLDCOM


CRIME PAYS BIG FOR WORLDCOM "When a business engages in crime that produces illicit advantages, it is axiomatic that – whatever individual punishment is meted out – the company itself cannot be left in a position to profit from those ill-gotten gains", wrote William Barr, executive vice president and general counsel of Verizon Inc. (and former Attorney General of the United States) after federal prosecutors declined to criminally prosecute WorldCom/ MCI for an $11bn fraud. US investigative journalists Russell Mokhiber and Robert Weissman wonder what Barr's thoughts might be now that Verizon is proposing a merger with WorldCom/MCI.

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