Feeds

Feds gunning for WorldCom honchos

Indictments coming soon

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

The US Department of Justice is preparing to indict WorldCom former CEO Bernard Ebbers on numerous charges stemming from the severe mismanagement of accounts which has led to the company's recent financial melt-down, the Associated Press reports.

Apparently the Feds are focusing on Ebbers in hopes that former CFO Scott Sullivan and former Controller David Myers will turn on him. Ebbers has said under oath to Congress that he's innocent and has indicated that Sullivan is the true badguy.

That Ebbers should be the main target indicates one of two things: either the Feds have evidence showing his hand in the debacle (which will make him a felon again for lying under oath to Congress), or he's being held responsible symbolically because, as the CEO, he should have seen to it that the company's finances were above board. If the latter, we can take it as a warning to other CEOs that they'd better get their houses in order.

No doubt Myers and Sullivan are being sweated pretty hard, yet soothed with the prospect of lighter sentences in exchange for the dirt on their former boss. It's always entertaining when a pack of rats turns on each other, and we look forward with great eagerness to some spectacular moments on Court TV in the near future. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Apple Pay is a tidy payday for Apple with 0.15% cut, sources say
Cupertino slurps 15 cents from every $100 purchase
Forget silly privacy worries - help biometrics firms make MILLIONS
Beancounter reckons dabs-scanning tech is the next big moneypit
Microsoft's Office Delve wants work to be more like being on Facebook
Office Graph, social features for Office 365 going public
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.