Ebbers
RSS EbbersFormer CA boss given 12 years in jail
News It's unlikely to be much consolation but Kumar's sentence is also half of that handed to Bernie Ebbers, the former WorldCom boss, and also Jeffrey Skilling, the disgraced Enron CEO, who received 25 years and 24 years... [03 Nov 2006]
Opinion: Corporate IT - you can help fight cyber crime
Comment Economic crime is perceived to be more in the realm of gangland villains or crooked CEOs such as Bernard Ebbers, architect of the largest corporate fraud in US history and sentenced to 25 years of porridge last July. [03 Oct 2005]
The Weekly Round-Up: 15.07.05
Round-Up Somebody who is definitely facing some jail time in the near future is disgraced former WorldCom boss Bernie Ebbers who was this week sentenced to 25 years in the slammer for his part in the $11bn scandal three years ago... [15 Jul 2005]
Ex-WorldCom boss to pay out $45m
News Bernie Ebbers, the former WorldCom CEO who was found guilty in an $11bn accountancy scandal, is set to lose $45m of his own money. Ebbers has agreed to cough up $5m in cash and see his assets liquidated... [01 Jul 2005]
Bosses: You could go to jail and your staff wouldn't care
News However in light of former WorldCom chief Bernard Ebbers' recent fraud conviction, Outhwaite believes the issue of compliance is as much about HR and top level buy-in as it is about IT. Company directors are increasingly... [24 Mar 2005]
Leader: Fall guy Ebbers
Leader His wife cried in court but few others will be sad to see ex-WorldCom CEO Bernie Ebbers go to prison. Pundits have been arguing that nothing did more to contribute to the dot-com bubble and bust than... [16 Mar 2005]
Cheat Sheet: Sarbanes-Oxley
Cheat Sheet Disgraced former WorldCom boss Bernie Ebbers had taken considerable loans from his company shortly before it became the next corporate scandal to rock the US, post-Enron. The Sarbanes-Oxley Act - what on earth is that? [10 Jun 2004]
Citigroup to pay $2.65bn for WorldCom mis-selling
News WorldCom founder Bernie Ebbers and CFO Scott Sullivan will face criminal charges later this year over the collapse of the giant telco. Giant US bank Citigroup has made a surprise announcement that it will pay $2.65bn to... [11 May 2004]
The Weekly Round-Up: 13.06.03
Round-Up Two reports out this week have declared that former WorldCom CEO Bernie Ebbers was well aware of the financial jiggery-pokery (as rugby commentator Bill McLaren might have described it) used to inflate company accounts... [15 Jun 2003]
WorldCom's Ebbers a 'spectacularly unsuccessful' manager
News Two reports yesterday found that Bernie Ebbers knew of the financial tricks used to inflate WorldCom's figures. Ebbers, through his lawyers, is claiming complete innocence. The two reports - one by... [10 Jun 2003]
Serialisation: The Great Telecoms Swindle - part 5
Comment The announcement was made at a board meeting during which a court-appointed monitor had raised the issue of loans to Bernie Ebbers, and a contract with another board member, Stiles A Kellet Jr, to lease a corporate jet... [24 Jan 2003]
WorldCom loses second boss in six months
News Sidgmore stepped in as an interim boss following the departure of his controversial predecessor Bernie Ebbers who left the debt-laden company owing an unpaid loan of $408m. WorldCom's board also met yesterday to discuss... [11 Sep 2002]
Former Microsoft exec nets $15m
News In one of the largest of many recent corporate bookkeeping scandals, WorldCom made a personal loan of $366m to former CEO Bernie Ebbers. By Steven Musil Microsoft has allowed former chief operating officer Rick Belluzzo... [09 Sep 2002]
WorldCom uncovers more dodgy earnings
News Former CEO Bernie Ebbers is already under investigation while ex-CFO Scott Sullivan and financial controller David Myers were notably led away for questioning in handcuffs in New York earlier this month. [09 Aug 2002]
WorldCom gets watchdog
News Former CEO Bernie Ebbers has not fared so well. WorldCom's Ebbers may be forced into ba An independent examiner will be appointed to the WorldCom inquiry to further investigate the $3.8bn fraud, it... [23 Jul 2002]
