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WorldCom President and Chief Executive OfficerJohn Sidgmore pauses during a news conference to announce his company's bankruptcy filing, the largest in U.S. history, Monday, July 22, 2002, in New York. The telecommunications company filed for Chapter 11 bankruptcy protection Sunday night, July 21, nearly four weeks after it disclosed hiding almost $4 billion in expenses through deceptive accounting. (AP Photo/Diane Bondareff)
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