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Charitable contributions made by executives who have been investigated or indicted for criminal wrongdoing Bernard Ebbers, former CEO of WorldCom, Inc. (now MCI, Inc.) -Charged by federal prosecutors with orchestrating the biggest accounting scandal in U.S. history. He has pled not guilty. -According to a report filed by WorldCom bankruptcy examiner Richard Thornburgh, Ebbers gave $36.5 million to Mississippi College, his alma mater, and directed the donation of $50 million in WorldCom money to MarcoPolo, which provides online educational materials to schools. Dennis Kozlowski, former CEO of Tyco International Ltd. -Charged by New York prosecutors with looting millions of dollars from Tyco. Kozlowski did not testify at his first trial, which ended in a mistrial. -According to prosecutors, Tyco made more than $100 million in donations during Kozlowski’s tenure, nearly half of which was given in the CEO’s name, including $4.5 million to the Whitney Museum of American Art (later reduced by Tyco to $1.5 million), $2 million to Columbia University, and undisclosed “millions of dollars” to Seton Hall University and Berwick Academy. Kenneth Lay, former CEO of Enron Corp. -Under investigation by the federal government for his role in one of the largest financial frauds in U.S. history. Lay has told an internal investigation that he knew little about Enron’s finances and why the company collapsed. -According to news reports, Lay gave millions of dollars for professorships named in his honor at Rice University, the University of Houston, the University of Missouri, and other academic institutions. He also made substantial donations to the United Way of the Texas Gulf Coast and Houston’s Museum of Fine Arts. Richard Scrushy, former CEO of HealthSouth Corporation -Charged by federal prosecutors with 84 counts of fraud for directing that HealthSouth report $2.75 billion in phony profit. Scrushy has pled not guilty, blaming the fraud on subordinates at HealthSouth. -According to news reports, Scrushy gave undisclosed millions to dozens of nonprofit organizations in Alabama through the Richard M. Scrushy Charitable Foundation.

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