Bernie Madoff’s 5 Shocking Revelations; Other Corporate Scandals That Plundered America’s Wealth

Bernie Madoff's 5 Shocking Revelations; Other Corporate Scandals That Plundered America's Wealth

Worldcom: As we’ve seen all too painfully with the collapse of the domestic auto industry, when a corporation reaches a certain size and becomes an international conglomerate and then it implodes, it not only impacts the tens of thousands of employees, it disrupts and destroys the way of life for everything remotely attached to it or operating within proximity to it. That means contractors and sub-contractors, suppliers, major corporations and countries that do business with Worldcom, as well as everything surrounding the disgraced company: the bars, stores and restaurants, the neighborhoods, the schools, the nonprofits that depending on their donations, the local and county government that depend on that tax revenue (that is, if they paid much in taxes), and the list goes on and on.

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