WorldCom and the Mississippi Scheme are both major financial scandals that have occurred. WorldCom was a telecommunications company that overstated its cash flow by reporting $7.6 billion in operating expenses as capital expenditures. WorldCom is the largest accounting scandal in US history as of March 2002. The Mississippi Scheme was a trading scheme that destroyed the economy of France during the 1700s. The scheme involved the loss of purchasing power of paper money due of asset inflation. Both WorldCom and The Mississippi Scheme were frauds involving manipulation to create higher stock prices and dubious practices within organizations to keep the public in the dark. Bernie Ebbers was the founder and CEO of WorldCom. He took a small telecommunications company and turned it into an industry giant before it went bankrupt in 2002. WorldCom's stock prices started falling in 2000, and to keep the price from falling further, WorldCom made massive loans to Ebbers to stop him from selling his shares. He initiated the fraud and false reporting. He gave no accounting details on how the false reporting should occur, but repeatedly said it was important to “run the numbers.” Scott Sullivan was the chief financial officer and member of the board of directors of WorldCom. He oversaw the conspiracy to hide operating expenses in order to enhance the company's reported profits. He advised Bernie Ebbers to inform the public of the deteriorating WorldCom situation, but Sullivan's advice was not followed. Ebbers had instructed Sullivan to change the accounting numbers. David Myers was the controller of WorldCom. He instructed the accounting department to make billions of dollars in adjustments to the financial state… mid-paper… on their own. The Duke of Bourbon and the Prince de Conti were members of the regency council. They abused their position and influence to ensure that measures were taken to drive up stocks while they were in their hands in order to make huge profits. This is similar to Ebbers and Sullivan's stock sale in 2000, when they had inside information that the stock price would fall. However, Ebbers was offered a loan instead of selling his shares. WorldCom and the Mississippi Scheme were both major financial scandals of their time. These scandals have similarities and differences. WorldCom was the second largest telephone company in the United States in 1998. The Mississippi Scheme was a scheme that affected all French families during the 1700s. Both scandals would never have occurred if those responsible had not been fraudulent.