FRAUD CHARGES FILED AGAINST WORLDCOM

The Justice Department said it would explore potential criminal charges against WorldCom and its senior-level executives for misleading investors with fraudulent earning statements. The SEC also is seeking to bar certain WorldCom executives from ever serving as directors or officers of a publicly traded company and force them to disgorge any profits from stock sales.

One prominent senior Worldcom exec is ICANN Chairman Vint Cerf. There is talk not-so-privately of antitrust lawsuits being considered against ICANN. Will Justice and the SEC make the connection?

No one is suggesting that Cerf is responsible for Worldcom's financial affairs. But ICANN, like Worldcom, is guilty of incredible corporate malfeasance which Vint Cerf is responsible for. And ICANN should be stopped before it causes any more damage.

President Bush pledged that his administration would hold corporate chieftains responsible for their actions under his watch. We can only hope that he makes the ICANN connection.

Copyright © 1995 - 2007 ICB. Inc. All rights reserved. "ICB Toll Free News" is a trademark of ICB Inc. ICB Inc. assumes no responsibility for use or misuse of information contained herein and / or accessible via this site. ICB Inc. cannot and does not vouch for the accuracy and / or usability of any of the contained or linked-to information, and assumes no responsibility for any errors or omissions.