1. Fraud
WorldCom engaged in these activities in order to keep increasing operating costs down and meet the revenue expectations of Wall Street analysts and support the market price of its common stock (SEC Complaint against WorldCom). ... Shortly after HealthSouth's stock went public in 1986, they began "inflating their earnings to match Wall Street analyst's expectations and to maintain the market price for the stock" (SEC Charges Richard Scrushy and HealthSouth with Massive Fraud). ...
- Word Count: 2557
- Approx Pages: 10
- Grade Level: Undergraduate