This Frontline program looks at the WorldCom scandal, a boom-and-bust telecom company in the 1990s whose head, Bernard Evers, was convicted of securities fraud, conspiracy, and filing false documents with regulators. Hedrick Smith describes how Wall Stre et insiders were were able to build up and profit from telecom stocks, while ordinary investors were left with nothing. Originally broadcast on May 8, 2003. Director Rick Young. WGBH Educational Foundation and Hedrick Smith Productions, Inc. Closed capti oned.