Vol 2 Chapter 699: The market value collapsed!

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[Real hammer: WorldCom's false profit report, private fraud, commercial fraud! 】

[The Securities and Exchange Commission announced: It has verified that WorldCom’s falsely reported revenue has exceeded 3.8 billion U.S. dollars! 】

[The corresponding evidence from WorldCom has been submitted to the District Court in Jackson, the capital of Mississippi. 】

[Bernard Ebers, former chairman of WorldCom, denies the crime and resolutely claims that the financial accounts are clean! 】

Major media newspapers such as the New York Times, Washington Post, Bloomberg, Mississippi State, Time, Fortune, etc., including NBC, CBS, WB, ABC and other major public television stations in the United States, It is also a follow-up report in the form of a unit drama.

The major media newspapers are selling hotly;

The viewership of major TV stations remains high;

For a time, the scandal of the WorldCom incident has completely become a matter of full name concern and heated discussion.

In an interview, Joe Nam, a well-known economics professor at New York University, clearly stated: "Since the end of the Cold War between the United States and the Soviet Union in the early 1990s, the US market economy has shown a rapid development model, especially the opening of broadband Internet information at a high speed. The free economy in the United States has been pushed to peak after peak, but the problem has followed!"

"In early 2000, the global Internet bubble burst. On the day of the stock market crash, it lost more than $3 trillion in just one day, and over 300 Internet companies fell;"

"In September 2001, the sudden advent of 9/11 caused the entire U.S. economy to suffer another severe winter;"

"In November 2001, the energy giant Enron collapsed;"

"In December 2001, Global Communications fell;"

"As of May 2002, WorldCom, the second largest long-distance telephone communication company in the United States, has been mired in a negative scandal;"

"Someone asked me, why do these things continue to happen?"

"Is there no effective measures to prevent it?"

"I'm telling you—no!"

"As long as our social system does not undergo reorganization, as long as human greed exists, all this will continue in the future!"

Do you say that?

Many people who watched the TV show yelled at it.

"Aftermath!"

A young Chinese man gritted his teeth and said: "I hold a lot of Arthur Andersen accounting firm stocks, as well as many WorldCom stocks and bonds. Now they can't sell them, they are all in his hands!"

Investors who have suffered heavy losses like him are simply countless.

In recent days, since the scandal broke out in Jackson, the capital of Mississippi, where WorldCom’s headquarters is located, there have been several demonstrations and police forces at the scene have been tense.

Especially below the headquarters of WorldCom, a large number of demonstrators gather every day.

[Repay the money! 】

[Losing money! 】

[WorldCom, go to death! 】

The banners and promotional slogans that are pulled up one by one are everywhere;

The photos of Bernard Ebers, the former chairman of WorldCom, the current chairman of Dana Shaw Anis, and the CFO Scott Sullivan were severely spurned by countless demonstrators. , There is no shortage of burning on the spot.

Police officers at the scene sometimes turned a blind eye to some of the extreme behaviors of the demonstrators.

Have no idea!

More than 90% of the people who came to the demonstrations were holders of WorldCom’s stocks and bonds. As the WorldCom scandal was exposed, they suffered huge losses, and as the scandal continued to ferment, their stocks were completely held. Become a junk stock.

Who can keep calm about tens of thousands of dollars, hundreds of thousands, millions, and thousands of dollars in losses?

Many people have gone bankrupt!

On the other hand, Wall Street in New York, it was extremely lively, forming a sharp contrast.

In a coffee shop on Wall Street, it is now during the noon break. Many of the Wall Street elites, the topics they talked enthusiastically, are almost all the WorldCom scandal.

"WorldCom is completely planted!"

"Of course, the amount exposed so far has exceeded 3.8 billion U.S. dollars. Only a few days ago? Who knows what the SEC will reveal in the future?"

"That's it!"

"Think about the market value of WorldCom before the scandal was exposed to hundreds of billions of dollars, but now? Haha, in just over 20 days, the market value has been cut by half."

"Tsk tusk tusk, I guess it won't be long before WorldCom's market value can be left with tens of billions of dollars, thank goodness!"

"Don't forget, everyone, WorldCom has more than 35 billion U.S. dollars in liabilities."

"In my opinion, it will definitely go bankrupt and reorganize!"

.......

The smiles and jokes on the faces of the Wall Street elites cannot be concealed.

Who will let them make a lot of money?

In the words of Bruce Marion, a senior partner of Goldman Sachs Investment Bank: "The money we make from WorldCom is much more than robbing the bank, and coming soon!"

Ding Ding Ding~

At this moment, many of the Wall Street elites who were discussing in the coffee shop, their phones rang frequently.

"what?!"

"You said yes, really!"

"OH, my god!"

Everyone who received the call was shocked and left quickly.

Why?

Because there is another heavy news coming out!

Citibank, Bank of Mediterranean, Bank of Chicago, Mississippi State Bank...

Wait~www.wuxiaspot.com~ More than 20 banks joined forces to directly take WorldCom to court. A year ago, WorldCom made high loans to these banks, amounting to more than 2.5 billion U.S. dollars.

"This is a scam!"

"There is no doubt that this is a scam!"

WorldCom, which was already on the cusp of the storm and mired in the quagmire, suffered another heavy blow. No matter how hard WorldCom has done, it is useless at this moment!

.......

Gale Capital.

CEO Andy Chelop yelled with a red face: "What are you still doing? My goodness, more than 20 banks have announced the world, what does this mean? It means that WorldCom's stock today must be met. It's falling off a cliff!"

"That means we are going to make a lot of money today, guys!"

At this moment, he was so excited.

That's right!

An Di Chelop, who was so excited, spoke with vibrato.

Sure enough, in the following period of today, the market value of WorldCom has suffered a cliff-like decline!

Hundreds of billions of giants?

Haha, now it's a joke!

After more than 20 consecutive days, the market value of WorldCom has been cut by half, falling to only more than 44 billion US dollars. However, in just a few hours this afternoon, until the close of the evening of the same day, the market value of WorldCom fell to It's worth only 20 billion U.S. dollars.

"Not to the end!"

"WorldCom is also thanks to the stock market closing, otherwise it will fall below 15 billion U.S. dollars. I can guarantee that when the stock market opens tomorrow, it will fall all the way and it will not stop."

"Well, no one can save WorldCom!"

"" The second update is sent.