Ebbers Faces 6 More Criminal Charges
Bernie Ebbers Faces Criminal Charges. Former WorldCom CEO Bernie Ebbers faces six additional criminal charges under a revised indictment unveiled Monday by federal prosecutors. The superceding indictment accuses Ebbers of making false filings with the Securities and Exchange Commission from WorldCom's fiscal fourth quarter in 2000 … [Read more...]
Judgment Day Coming Sooner for Ebbers
Ebbers Ongoing Federal Fraud. Oklahoma on Wednesday became the first jurisdiction to bring a criminal case against disgraced former WorldCom CEO Bernie Ebbers. The complaint comes as Ebbers the top former WorldCom honcho who hasn't been charged in an ongoing federal fraud case against the bankrupt telco. Citing $64 million in … [Read more...]
WorldCom, Ebbers Face Criminal Charges For First Time
WorldCom, Ebbers Felony Charges. For all the courtroom attention WorldCom's collapse has received, company founder Bernie Ebbers has never criminal charges. Nor has the company itself until Wednesday. The state of Oklahoma becomes the first to file felony charges against the company and against its former CEO. The Oklahoma … [Read more...]
Oklahoma Reportedly Plans to File Charges Against WorldCom, Ebbers
Criminal Charges Against WorldCom, Ebbers. Oklahoma State Attorney Drew Edmondson plans to file criminal charges against WorldCom, its former chief executive ‘Bernard Ebbers’ and five other individuals as early as Wednesday, people familiar with the situation say. The charges are expected to say that WorldCom and several of its … [Read more...]
Ebbers’ High-Risk Act Came Crashing Down On Him
Ebbers String Of Personal Investments. Bernie Ebbers built a personal empire the way he built WorldCom: with bold deals, big gambles and costly mistakes. Over 20 years, while Ebbers turned WorldCom into the USA's No. 2 long-distance phone company, he also made a string of personal investments that engaged his passions. He bought … [Read more...]
WorldCom Loans Could Haunt Ebbers
WorldCom Loans Haunt Former CEO. Bernie Ebbers has so far been notable by his absence from the parade of ex-WorldCom executives who have appeared in court in relation to the telecommunications group's collapse. But the former chief executive was this week thrust into the spotlight following the publication of details of loans worth … [Read more...]
Panel: Ebbers Received IPO Shares
Ebbers Received Thousands of Shares. Former chief executive Bernard J. Ebbers and other WorldCom Inc. insiders received thousands of shares of valuable initial public offering stock through brokerage company Salomon Smith Barney, according to the House Financial Services Committee. Such shares were often a lucrative deal during … [Read more...]
