Feeds

Feds gunning for WorldCom honchos

Indictments coming soon

  • alert
  • submit to reddit

Internet Security Threat Report 2014

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. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
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?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.