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Bernard Ebbers Guilty on All Counts: Jury Finds Former CEO Guilty on All Nine Counts

Date: March 15, 2005
Author: Brooke A. Masters
QUOTE: Former WorldCom Inc. chief executive Bernard J. Ebbers was found guilty Tuesday on all counts against him of conspiracy, securities fraud and false regulatory filings for his role in a massive accounting fraud...

ABSTRACT: Bernard J. Ebbers, former chief executive of WorldCom Inc. was found guilty of conspiracy, securities fraud and false filings and could face up to 85 years in prison. WorldCom collapsed in 2002 following the uncovering of $11 billion in false accounting entries. Ebbers denied any knowledge of the accounting errors that led to the loss of billions of dollars for investors.

--- O. Overman

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