Deceased (1941–2020)Bernard Ebbers / Living or Deceased
How much is Bernie Ebbers worth?
Bernie Ebbers, the convicted CEO of WorldCom Inc, is said to have had a net worth of $1.4 billion before his conviction.
When did Ebbers get out of jail?
Ebbers had been scheduled to be released from prison on July 4, 2028, but after more than 13 years of incarceration he was granted compassionate release on Dec. 21.
What is Ebbers short for?
The given name Ebbe can be a short form of Egbert or “Eber-” names like Eberhard. People with this name include: Bernard Ebbers (1941–2020), Canadian businessman convicted of securities fraud.
Who was WorldCom accountant?
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.
Was Betty Vinson a CPA?
A. Defendant Betty L. Vinson, 47, was employed in the General Accounting Department of WorldCom from 1996 to August 2002. In January 2002, VINSON was promoted to Director of Management Reporting. VINSON was a certified public accountant.
What was Bernard Ebbers charged with?
securities fraud
At age 63, he was convicted of securities fraud, conspiracy and filing false reports with regulators, after his former chief financial officer testified that Mr. Ebbers directed him to cook the books.
How many years was Ebbers sentenced?
25 years
But a federal jury found Ebbers guilty in 2005 and he was sentenced to 25 years in prison.
Who is Betty Vinson?
Betty Vinson was the director of management reporting at WorldCom. She had worked there for five years when the fraud was uncovered and received two promotions during that time. Vinson’s salary increased from $50,000 when she started to $80,000 in 2002.
Who was the CFO of WorldCom?
Scott D. Sullivan
Sullivan. Scott D. Sullivan is an American Certified Public Accountant and the former chief financial officer, secretary, treasurer, and a board member of WorldCom, who was convicted as part of WorldCom’s $3.8 billion accounting fraud, at the time the largest scandal of its kind in U.S. history.
Who is Troy Normand?
Defendant Troy M. Normand, 35, was employed in the General Accounting Department of WorldCom from 1997 to August 2002. In January 2002, NORMAND was promoted to Director of Legal Entity Accounting.
How did Ebbers know about WorldCom’s accounting fraud?
The direct evidence that Ebbers knew about the massive accounting fraud at WorldCom came from Scott Sullivan Scott Sullivan , WorldCom’s former chief financial officer, who managed the company’s accounts.
What happened to the CEO of WorldCom?
Ebbers was one of the founders of WorldCom, first known as LDDS, and was its CEO from 1985 until 2000. When the company’s shares were at their height, Ebbers was nearly a billionaire, though he held those shares until WorldCom filed for bankruptcy in July 2002, three months after he was forced to resign and one month after the fraud was uncovered.
What happened to ex-WorldCom boss Eddie Ebbers?
Ebbers left that year and following his conviction, was imprisoned from September 2006 until Dec. 21, when he was released from the custody of the Bureau of Prisons. In the meantime, WorldCom reemerged as MCI, taken over by Verizon, and relocated to Ashburn, Virginia.
Who is Bernard Ebbers?
Bernard Ebbers was 78. The Canadian-born former telecommunications executive died Sunday in Brookhaven, Mississippi, surrounded by his family, according to a family statement.
