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Bernard John Ebbers (August 27, 1941 – February 2, 2020) was a Canadian-American businessman and the co-founder and CEO of WorldCom.Under his management, WorldCom grew rapidly but collapsed in 2002 amid revelations of accounting irregularities, making it at the time one of the largest accounting scandals in the United States.
The WorldCom scandal was a major accounting scandal that came into light in the summer of 2002 at WorldCom, the USA's second-largest long-distance telephone company at the time. From 1999 to 2002, senior executives at WorldCom led by founder and CEO Bernard Ebbers orchestrated a scheme to inflate earnings in order to maintain WorldCom's stock ...
Bernard Ebbers, who built WorldCom Inc into a telecommunications giant and was convicted in one of the largest U.S. accounting scandals, died on Sunday, his family said in a statement. Ebbers ...
The former chief of WorldCom, 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.
Ebbers formally resigned on April 30, 2002 and was replaced by John W. Sidgmore, former CEO of UUNET. As part of his departure, Ebbers's loans were consolidated into a single $408.2 million promissory note. [9] [10] [11]: 216–218 In 2003, Ebbers defaulted on the note and WorldCom foreclosed on many of his assets. [12]
Bernard Ebbers led WorldCom, once one of the world’s largest telecommunications companies. ... A former telecommunications executive convicted in one of the largest corporate accounting scandals ...
Bernard Ebbers, the former WorldCom Inc chief executive convicted in one of the largest U.S. accounting scandals, died on Sunday, his family said in a statement. In a court filing in September ...
In case 1, Bernard Ebbers, CEO of WorldCom, rose from nothing to become a "telecom cowboy," before the 1990s downfall of WorldCom [7] impacted thousands of investors. In case 2, Joseph Medawar is a television producer creating an action adventure series based on real-life national security cases, but the show is a scam to defraud investors of ...