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Overview
Bernie Ebbers was CEO of WorldCom, which committed $11 billion in accounting fraud, the largest in US history at the time. He was sentenced to 25 years in prison and died shortly after compassionate release in 2020.
Key Affiliations
Controversies & Concerns
FRAUD: $11 billion accounting fraud
PERSONAL LOANS: Received $400M from company
EMPLOYEE HARM: 60,000 jobs lost
DENIAL: Claimed ignorance of fraud
Related Investigations (2)
Criminal Charges & Violations
2 documented violations
Securities FraudDefrauding investors(Federal Crime)
ConspiracyConspiracy to commit fraud(Federal Crime)
Known Associates & Connections
Scott Sullivan
CFO (cooperating witness)
Sources & Documentation
3 documented sources from official records, investigations, and reports
Personal Information
- Born
- August 27, 1941
- Birthplace
- Edmonton, Alberta, Canada
Education
- •Mississippi College
Key Timeline
August 27, 1941
Born in Edmonton, Canada
1983
Founds LDDS (becomes WorldCom)
July 2002
WorldCom files bankruptcy
July 2005
Sentenced to 25 years
December 2019
Compassionate release due to illness
February 2, 2020
Dies