WorldCom Trial

Aw-Shucks Defense
A legal defense in which a senior executive claims ignorance of fraudulent or otherwise unlawful practices within their company. Famously coined during the 2005 trial of Bernie Ebbers, founder of WorldCom.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.