A lawsuit quietly moving forward against the telecommunications giant WorldCom accuses the company of using concealed transactions and sham contracts to avoid reporting an uncollectible debt of $165 million. ... The suit contends that WorldCom helped engineer a bankruptcy filing ... then took part in transactions that misleadingly inflated the value of ... a publicly traded long-distance company. A Suit Says WorldCom Deals Obscured Millions in Bad Debt | 
