updated Fri. November 3, 2023
April 13, 2018
Altogether, more than $7bn in 'accounting errors' were found to have greatly inflated the company's assets. Worldcom's former chief executive Bernard Ebbers was subsequently sentenced to 25 years in prison for his part in the scandal and has since been dubbed one of the most corrupt CEOs of all time.
Detroit Free Press
December 28, 2017
TODAY'S TOP STORIES Today in History for March 15th | 1:28. Highlights of Today in History: Julius Caesar assassinated in Rome; Johnson urges passage of Voting Rights Act; Worldcom CEO Bernard Ebbers convicted of fraud; Elizabeth Taylor marries Richard Burton; "My Fair Lady" debuts on BroadwayÃâÃÂ ...
December 21, 2017
In his time at the SEC, Hodgkins worked on its case against WorldCom, which was rocked by an accounting scandal in the early 2000s, and cases against its former CEO Bernard Ebbers, chief financial officer Scott Sullivan and controller David Meyers. He worked a variety of cases involving disclosure andÃâÃÂ ...
December 4, 2017
Bernard Ebbers. Bernard Ebbers was the co-founder and chief executive of WorldCom, a US-based telecommunications company that was forced to file for bankruptcy protection in 2002. Like Enron, WorldCom instigated a huge accounting fraud. Operating expenses were classified as investments, with theÃâÃÂ ...
May 26, 2017
Mr. Peikin participated in the prosecution of WorldCom Inc. Chief Executive Bernard Ebbers, who was convicted and sentenced to 25 years in prison, according to a disclosure in a 2005 New York Law Journal article that he wrote. "He has a lot of experience and encyclopedic knowledge of the securitiesÃâÃÂ ...
February 16, 2016
Kozlowski was considered one of the most notorious examples of corporate greed and accounting fraud in an era that locked up many CEOs, including WorldCom founder and chief executive Bernard Ebbers, Enron CEO Jeffrey Skilling and Adelphi Communications' father-and-son executive team of JohnÃâÃÂ ...
January 14, 2010
Note to aspiring CEOs: If your company is staggering under massive debt, don't orchestrate an $11 billion accounting fraud to try to cover it up. It doesn't' work. Bernie Ebbers turned WorldCom into the nation's second largest long distance telecommunications company through a series of rapid acquisitions that left it heavilyÃâÃÂ ...
July 15, 2005
NEW YORK (CNN/Money) - Ex-WorldCom chief executive Bernard Ebbers was sentenced Wednesday to 25 years in prison for his role in orchestrating the biggest corporate fraud in the nation's history. Legal experts said the sentence, effectively a life term for the 63-year-old, appears to be the longest everÃâÃÂ ...
New York Times
July 15, 2005
"If Bernard Ebbers had been sentenced to 10 years in jail, corporate executives would be just as scared of committing fraud," he said. "I'm not sure that there's a substantial deterrent effect to a sentence that large." Before she imposed Mr. Ebbers's sentence, Judge Jones allowed remarks from a formerÃâÃÂ ...
July 2, 2005
NEW YORK (CNN/Money) - Former WorldCom CEO Bernard Ebbers, facing life in prison for his role in an $11 billion accounting scandal at the former telecommunications giant, has agreed to give up most of his assets and to pay $5 million in cash to investors burned by the largest U.S. bankruptcy inÃâÃÂ ...
December 31, 1999
A more social issues she wanted Bernard Ebbers they don't know. We're talking straight sports via a cat and I don't know what Jim and roasters I think he does everyone you know he you don't get honoring Seattle little volatile issues or whatever. I just think the combinations if you're doing rehearsals.