Global Crossing

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Global Crossing

A telecommunications company that filed for bankruptcy during the Enron scandal of the early 2000s. It had previously inflated its profits by recording as revenue its conduit swaps, a transaction in which telecommunications companies exchange carriers with each other without trading money. In 2005, it was found to have violated several accounting laws and was forced to settle with the SEC. See also: Sarbanes-Oxley Act.
References in periodicals archive ?
(OTCQB: GBLX) has filedthe second in a series of patent applications for life science inventions by its wholly-owned subsidiary, Growblox Life Sciences, LLC, the company said.
(OTCQB: GBLX) is a diverse cannabis company, focussed on standardised cultivation and production methods; as well as biopharmaceutical research and development.
(OTCQB: GBLX) has acquired two additional Medical Marijuana Establishment licenses in Clark County, Nevada, the company said.