Feeds

Ebbers denies knowledge of WorldCom fraud

Trial continues

  • alert
  • submit to reddit

High performance access to file storage

Bernie Ebbers continued to deny allegations yesterday that he was behind the $11bn (£5.8bn) WorldCom accounting scandal that led to the financial collapse of the US telecoms giant.

The former boss of WorldCom challenged testimony given already by star prosecution witness Scott Sullivan denying that he put pressure on the former WorldCom CFO to cook the books.

Sullivan, who has already pleaded guilty to his part in the WorldCom fraud, has already told the court that Ebbers was part of the fraud.

"I falsified financial statements of the company, made adjustments to revenue for the purpose of meeting analyst expectations," Sullivan told the court during his time in the witness stand.

Asked who else took part he replied: "Bernie [Ebbers], David Myers, Buddy Yates, Betty Vinson, Troy Normand."

But Ebbers denied this. He told the court that Sullivan "made accounting decisions" and that he was unaware of any financial irregularity. ®

Related stories

Ebbers recalls shock of discovering WorldCom fraud
Ebbers in the dark over accounting scandal - witness
Ebbers trial team begins defence
WorldCom CFO lied, he admits to court

High performance access to file storage

More from The Register

next story
A black box for your SUITCASE: Now your lost luggage can phone home – quite literally
Breakfast in London, lunch in NYC, and your clothes in Peru
Broadband Secretary of SHEEP sensationally quits Cabinet
Maria Miller finally resigns over expenses row
Skype pimps pro-level broadcast service
Playing Cat and Mouse with the media
Beat it, freetards! Dyn to shut down no-cost dynamic DNS next month
... but don't worry, charter members, you're still in 'for life'
EE dismisses DATA-BURNING glitch with Orange Mail app
Bug quietly slurps PAYG credit - yet EE denies it exists
Like Google, Comcast might roll its own mobile voice network
Says anything's possible if regulators approve merger with Time Warner
Turnbull leaves Australia's broadband blackspots in the dark
New Statement of Expectations to NBN Co offers get-out clauses for blackspot builds
Facebook claims 100 MEEELLION active users in India
Who needs China when you've got the next billion in your sights?
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.