The Motley Fool Discussion Boards
Investing/Strategies / The Battle for Business Ethics
|Subject: WorldCom's Ebbers Convicted of All Counts||Date: 3/15/2005 1:31 PM|
|Author: zoningfool||Number: 524 of 532|
WorldCom's Ebbers Convicted of All Counts
Tuesday March 15, 1:08 pm ET
Former WorldCom Chief Bernard Ebbers Is Convicted of All Counts Related to Accounting Fraud
NEW YORK (AP) -- 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....
|Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|