Global Crossing

A communication services company that filed for bankruptcy protection amid an accounting scandal where it had allegedly inflated earnings by using capacity swaps, among other things. Capacity swaps are the exchange of telecommunications capacity between carriers that is booked as revenue without money ever being exchanged.

This scandal happened around the same time as the Enron transgression. In early 2002, the Global Crossing bankruptcy was the fourth largest in U.S. history. In 2005, it settled with the SEC, having been determined that it did not comply with numerous accounting laws and is to refrain from violating any other accounting laws.


Investment dictionary. . 2012.

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  • Global Crossing — est une société américaine de télécommunications par fibre optique qui fournit du service IP au niveau mondial, présente dans plus de 300 villes et 28 pays. Sommaire 1 Histoire 1.1 Deux acquisitions à prix d or 1.2 Le PDG s en va un an après son… …   Wikipédia en Français

  • Global Crossing — Crossing logo.svg Logo Lema Think Ahead Tipo Pública NASDAQ: GLBC …   Wikipedia Español

  • Global Crossing — Limited Rechtsform Limited ISIN BMG3921A1751 Gründung 1997 …   Deutsch Wikipedia

  • Global Crossing — Infobox Company company name = Global Crossing, Ltd. company company type = Public (Nasdaq|GLBC) foundation = 1997 location = Hamilton, Bermuda key people = [http://www.globalcrossing.com/xml/global/gl com lead jlegere.xml John Legere] CEO… …   Wikipedia

  • Global Crossing @ The Glen — Centurion Boats at The Glen Veranstaltungsort: Watkins Glen International Hauptsponsor: Centurion Boats Erstes Rennen: 1957 Distanz: 220 Meilen (355 km) Anzahl Runden: 90 Ehemalige Namen: The Glen 101.2 (1957) The Glen 151.8 (1964–1965) The… …   Deutsch Wikipedia

  • Global Crossing at The Glen — Centurion Boats at The Glen Veranstaltungsort: Watkins Glen International Hauptsponsor: Centurion Boats Erstes Rennen: 1957 Distanz: 220 Meilen (355 km) Anzahl Runden: 90 Ehemalige Namen: The Glen 101.2 (1957) The Glen 151.8 (1964–1965) The… …   Deutsch Wikipedia

  • Crossing — may refer to: Entertainment Crossing (album), an album by world music/jazz group Oregon Crossing (2005 film), a Canadian independent feature film Crossing (2008 film), a South Korean film Animal Crossing, a video game Other Crossing (physics),… …   Wikipedia

  • Global — Cette page d’homonymie répertorie les différents sujets et articles partageant un même nom. Sur les autres projets Wikimedia : « Global », sur le Wiktionnaire (dictionnaire universel) Global peut faire référence à : Global… …   Wikipédia en Français

  • Crossing East — is a documentary series for public radio produced by Dmae Roberts and MediaRites and is hosted by George Takei (from Star Trek fame) and Margaret Cho, the sometimes controversial stand up comedian. Covering Asian immigration from pre nationhood… …   Wikipedia

  • Crossing the Ditch — Route of the trans Tasman kayak crossing Crossing the Ditch was the effort of adventurers Justin Jones and James Castrission to become the first to cross the Tasman Sea and travel from Australia to New Zealand by sea kayak. Setting off from… …   Wikipedia

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