As Seen in The Wall Street Journal
MCI Center - Failure Museum

In 2006, Verizon purchased MCI and changed the name of the arena to Verizon Center after 9 years as MCI Center. Now it’s called Capital One Arena and is the home arena for the Washington Wizards, Washington Capitals, and Georgetown University’s men’s basketball team.

MCI filed for bankruptcy in 2002 after an accounting scandal in which several executives were convicted of a scheme to inflate the company’s assets.

Picture of Sean Jacobsohn

Sean Jacobsohn

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