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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