GLOBAL CROSSING
\ɡlˈə͡ʊbə͡l kɹˈɒsɪŋ], \ɡlˈəʊbəl kɹˈɒsɪŋ], \ɡ_l_ˈəʊ_b_əl k_ɹ_ˈɒ_s_ɪ_ŋ]\
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A telecommunications company accused of reporting revenues that were in fact trades of communication capacity with other telecom companies that were not financial transactions. Charged in 2005 by the SEC with illegal accounting practices for inflated revenues reported to shareholders.
By Henry Campbell Black
Word of the day
Antisense Oligodeoxyribonucleotides
- Short fragments DNA that are used alter the function of target RNAs or DNAs to which they hybridize.