Politics Mar 15

No image
Ebbers Convicted on All Charges in Worldcom Case

Former WorldCom CEO Bernard Ebbers, who built a small Mississippi telephone company into the second largest U.S. long-distance provider, was convicted Tuesday of leading an $11 billion fraud that triggered the largest bankruptcy in U.S. history.

Scott Sullivan, WorldCom's former top finance executive, pleaded innocent to charges he hid billions of dollars of the phone company's expenses as part of a scheme to artificially inflate its earnings by some $5 billion over the course of 18…

Latest News