Feeds

Ebbers in the dark over accounting scandal - witness

WorldCom trial continues

  • alert
  • submit to reddit

5 things you didn’t know about cloud backup

Bernie Ebbers was not aware of the $11bn (£5.8bn) accounting fraud that torpedoed the telecoms giant in 2002, a court heard yesterday.

At the WorldCom fraud trial in New York yesterday, Bert Roberts, honorary chairman of the company at the time, recalled a conversation he had with CFO Scott Sullivan when details of the accounting scandal were beginning to emerge.

"I asked Scott if Bernie knew. Scott's answer was Bernie did not know about the journal entries," Roberts told the court, reports Reuters.

Roberts' testimony contradicts Sullivan's evidence. The former CFO, who has already pleaded guilty to his part in the fraud, had testified earlier that Ebbers was aware of the book fiddling. Sullivan also testified that he told Ebbers that the book cooking "wasn't right".

Ebbers denies the fraud charges against him. ®

Related stories

Ebbers trial team begins defence
Ebbers was 'intimidating' boss
WorldCom CFO lied, he admits to court Ebbers trial halted 'till Wednesday
Ebbers failed to tell of book fiddling
Ebbers 'drove Worldcom fraud' - Sullivan
Sullivan fingers Ebbers in WorldCom fraud whodunnit
WorldCom directors $54m lawsuit deal unravels
Ebbers fortune at risk as share prices slid
Former Worldcom directors cough up $18m
Ebbers never made 'an accounting decision' - witness
Ebbers feared fortune would be 'wiped out'
Ebbers knew of financial fiddling
Ebbers' financial know-how probed
Gloves off in Ebbers WorldCom fraud trial
Ebbers fraud trial kicks off
Ebbers faces WorldCom court showdown
Former Worldcom directors cough up $18m
MCI breaks free from Chapter 11
WorldCom gets sums wrong by $74bn
Bernie Ebbers faces criminal charges

Gartner critical capabilities for enterprise endpoint backup

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
So, Apple won't sell cheap kit? Prepare the iOS garden wall WRECKING BALL
It can throw the low cost race if it looks to the cloud
EE accused of silencing customer gripes on social media pages
Hello. HELLO. Can EVERYTHING EVERYWHERE HEAR ME?!
Time Warner Cable customers SQUEAL as US network goes offline
A rude awakening: North Americans greeted with outage drama
Shoot-em-up: Sony Online Entertainment hit by 'large scale DDoS attack'
Games disrupted as firm struggles to control network
BT customers face broadband and landline price hikes
Poor punters won't be affected, telecoms giant claims
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
prev story

Whitepapers

Best practices for enterprise data
Discussing how technology providers have innovated in order to solve new challenges, creating a new framework for enterprise data.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
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?