Feeds

Big church group urges states to punish WorldCom

'To prevent future misdeeds'

  • alert
  • submit to reddit

Choosing a cloud hosting partner with confidence

WorldCom may be clawing its way back to financial stability. But it isn't out of the woods yet - the perpetrator of the world's biggest fraud has been ambushed by theologians.

And they are calling for retribution. Step forward the United Churches of Christ (UCC), a major American Protestant church group, which is urgeing the public utility commissioners in all 50 US states to "hold WorldCom and other corporate criminals accountable for their breach of the law and public trust".

The UCC points to the fraud perpetrated by Worldcom in overstating revenues by $10 billion. As well as hurting investors and staff, Worldcom has "violated the public trust", according to UCC.

So will the utilities commissioners take the bait? Not yet: the UCC notes that "no state public utility commission has yet taken action against WorldCom, home to the United States' biggest-ever accounting scandal, for the filing of false reports and other statements in direct violation of state laws and rules".

The Rev. Robert Chase, communications director of the UCC, says: "Stewardship of the nation's Internet and telecommunication infrastructure and facilities is an important public trust. Companies granted the privilege of running these facilities bear enormous responsibility to assure that the rapidly developing world of communication services are operated in the public interest."

The UCC is calling on the states to assess if WorldCom violated the public trust and if so "begin appropriate remedial proceedings, including revocation of WorldCom's licence". And it wants the utility commissioners to draw up "rules of stewardship for information-age companies that use the public airways under public-interest authorisations, and manage the nation's digital infrastructure". This will help prevent future WorldComs, the group argues.

Says the Rev. Chase to the states: "We believe that as public servants, each of you has a responsibility to protect consumers by taking action when a company such as WorldCom violates the law on such a massive scale." ®

Related link

The UCC press release

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
'Kim Kardashian snaps naked selfies with a BLACKBERRY'. *Twitterati gasps*
More alleged private, nude celeb pics appear online
Wanna keep your data for 1,000 YEARS? No? Hard luck, HDS wants you to anyway
Combine Blu-ray and M-DISC and you get this monster
US boffins demo 'twisted radio' mux
OAM takes wireless signals to 32 Gbps
Google+ GOING, GOING ... ? Newbie Gmailers no longer forced into mandatory ID slurp
Mountain View distances itself from lame 'network thingy'
Apple flops out 2FA for iCloud in bid to stop future nude selfie leaks
Millions of 4chan users howl with laughter as Cupertino slams stable door
Students playing with impressive racks? Yes, it's cluster comp time
The most comprehensive coverage the world has ever seen. Ever
Run little spreadsheet, run! IBM's Watson is coming to gobble you up
Big Blue's big super's big appetite for big data in big clouds for big analytics
Seagate's triple-headed Cerberus could SAVE the DISK WORLD
... and possibly bring us even more HAMR time. Yay!
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.