Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: MCI
Current Parent Company: Verizon Communications
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Recap of Ownership Changes:  subscribe to see this data field
Penalty: $315,000,000
Year: 2005
Date: October 4, 2005
Offense Group: financial offenses
Primary Offense: tax violations
Mega-Scandal: Early 2000s Accounting Scandals
Violation Description: MCI agreed to pay $315 million to 15 states and the District of Columbia to resolve tax claims filed in the bankruptcy of WorldCom Inc., which had merged into MCI.
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: telecommunications
Specific Industry of Current Parent: telecommunications
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.