Bernard Ebbers, the former CEO of WorldCom who went to prison in 2006 for his role in an $11 billion accounting fraud case, has died
His death was confirmed by his attorney in a statement to CNN affiliate WAPT in Jackson, Mississippi. Ebbers had been granted an early release from prison due to poor health in January after serving just over 13 years of a 25-year sentence. He was 78 years old.Ebbers was found guilty in 2005 of conspiracy, securities fraud and filing false statements in the case that brought down what was then the nation's No. 2 long-distance provider.
Ebbers insisted during the trial that he had been unaware of the fraud that was taking place at his company, but Scott Sullivan, the company's chief financial officer, testified against him during his trial. A federal jury in New York deliberated for eight days before finding him guilty on all counts against him.Read MoreEbbers' attorney filed for his early release last year, saying that his health had deteriorated substantially, necessitating his transfer to a 24-hour nursing care unit.
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Bernard Ebbers, ex-CEO convicted in WorldCom scandal, diesA former telecommunications executive convicted in one of the largest corporate accounting scandals in U.S. history died just over a month after his early release from prison. Bernard Ebbers was...
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Convicted former WorldCom CEO Ebbers dead at 78Bernard Ebbers, the former WorldCom Inc chief executive convicted in one of the ...
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Convicted former WorldCom CEO Ebbers dead at 78Bernard Ebbers, the former WorldCom Inc chief executive convicted in one of the ...
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