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Few people wielded more power in WorldCom, Inc.'s recent rehabilitation than Richard Breeden, the court-appointed corporate monitor. Though Breeden was the first to ever hold the post-created at the request of the Securities and Exchange Commission-he won't be the last. The SEC and federal prosecutors have asked judges to appoint monitors at a growing number of companies plagued with executive fraud. While the duties of these overseers are still being defined, they've generally been charged with fact-findin
October 01, 2004 at 12:00 AM
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The original version of this story was published on Law.Com
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