Michael Burry Warns WorldCom Like Crash On The Way After SVB

'Big Short' legend Michael Burry predicts WorldCom scandal on its way

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"Next, we find our WorldCom. Patience", said Burry in a tweet.

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Worldcom, a distance telephone company had the largest accounting fraud in American history, where it overstated its assets by over $11B.

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The fraud was uncovered in June 2002 when the company's internal audit unit led by Cynthia Cooper, discovered over $3.8B of fraudulent balance sheet entries.

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He also compared ongoing SVB to Enron in a previously deleted tweet, which filed for bankruptcy in 2001 after an accounting scandal.

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Burry has taken a bearish stance on markets over the past few years and has repeatedly warned investors to prepare for a looming crash in stock prices.

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In February he warned that the start-of-year rally was unlikely to last with a one-word Tweet: "Sell."

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Burry predicted the subprime mortgage crisis that lasted from 2007 to 2010. But who is the next WorldCom?

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