Bernard Ebbers, a former telecommunications executive convicted in one of the largest corporate accounting scandals in U.S. history, has died just over a month after his early release from prison.
FILE - In this Jan. 30, 2006, file photo, former Worldcom CEO Bernard Ebbers exits Manhattan federal court in New York. Ebbers died Sunday, Feb. 2, 2020, according to a family statement cited by WAPT-TV in Mississippi.
FILE - In this Jan. 30, 2006, file photo, former Worldcom CEO Bernard Ebbers exits Manhattan federal court in New York. Ebbers died Sunday, Feb. 2, 2020, according to a family statement cited by WAPT-TV in Mississippi. A 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 78.in Mississippi.
The Mississippi-based WorldCom collapsed and went into bankruptcy in 2002, following revelations of an $11 billion accounting fraud that included pressure by top executives on subordinates to inflate numbers to make the company seem more profitable. The collapse caused losses to stockholders, including those who had invested through retirement plans.was convicted in New York in 2005 on securities fraud and other charges and received a 25-year sentence.
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