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July 21, 2002 7:30 AM PDT

WorldCom files for bankruptcy protection

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A $3.85 billion accounting scandal and a mountain of "junk-rated" debt leads to the largest bankruptcy filing in U.S. history.

The story "WorldCom files for bankruptcy protection" published July 21, 2002 at 7:30 AM is no longer available on CNET News.

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