Please explain to me the way this happened. What were the terms of the investment?
I have been so far unable to get a consistent answer to the question. I don't know why it's so fuzzy.
I bought Worldcom stock, directly and through funds, because Bernie Ebbers and Scott Sullivan actually held conference calls with the sales force telling us how financially stable Worldcom was. This was 8 months before the scandal broke.
I had always thought I was working for a solid company.
But it was all smoke and mirrors. And Bernie and Scott were the ones pulling the levers.