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Article: WorldCom's Ebbers guilty on all 9 charges in fraud case.(PAGE ONE)
- Article from:
- The Washington Times (Washington, DC)
- Article date:
- March 16, 2005
CopyrightCOPYRIGHT 2005 The Washington Times LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Patrice Hill, THE WASHINGTON TIMES
WorldCom founder Bernard Ebbers yesterday was convicted of orchestrating the largest accounting fraud in history, marking the biggest victory to date in the government's campaign against corporate crime.
The guilty verdicts on all nine conspiracy and fraud charges in a Manhattan district court came after eight days of deliberations in which jurors weighed testimony from top WorldCom financial officers who said they hid $11 billion in expenses from investors at Ebbers' behest against the former chief executive's vehement denials.
Because the case relied largely on testimony provided by former Chief ...