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One particularly notorious case of capitalising expenses is alleged to have occurred in the financial statements of WorldCom (now renamed MCI). This company, which is a large US telecommunications business, is alleged to have overstated profits by treating certain operating expenses, such as basic network maintenance, as capital expenditure. This happened over a fifteen-month period during 2001 and 2002. To correct for this overstatement, profits had to be reduced by a massive $3.8bn.