Bernard Ebbers, who built WorldCom from a humble Mississippi long-distance concern into a telecommunications titan, was convicted Tuesday of engineering the colossal accounting fraud that sank the company. A federal jury in Manhattan deliberated eight days before returning guilty verdicts on all counts. The crimes carry up to 85 years in prison.
March 15, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Bernard Ebbers, who built WorldCom from a humble Mississippi long-distance concern into a telecommunications titan, was convicted Tuesday of engineering the colossal accounting fraud that sank the company.
A federal jury in Manhattan deliberated eight days before returning guilty verdicts on all counts — one count of conspiracy, one count of securities fraud and seven counts of false regulatory filings. The crimes carry up to 85 years in prison.
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