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Opening statements in Bernard Ebbers' trial Tuesday painted starkly contrasting pictures of the former chief executive's role in the $11 billion scandal that rocked onetime telecommunications giant WorldCom. Prosecutors said Ebbers orchestrated the massive accounting fraud, in a desperate bid to avoid financial ruin. Defense lawyer Reid Weingarten said Scott Sullivan, the company's former chief financial officer, was the mastermind who had turned on Ebbers to save his own neck.
January 26, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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