The Register® — Biting the hand that feeds IT

Ebbers denies knowledge of WorldCom fraud

Trial continues

Free webcast: Service level monitoring and management

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

Free webcast: Service level monitoring and management

Sign up, sign up for The Register's weekly mobile & wireless newsletter - click here

Don’t Miss

DustbinDirty, dirty PCs: The X-rated picture guide

Ventblockers Horror beyond human imagination

SC09Top 500 supers - rise of the Linux quad-cores

SC09 Jaguar munches Roadrunner

Ubuntu teaser Early adopters bloodied by Ubuntu's Karmic Koala

Smooth Windows upgrade it ain't

Sign up, sign up for The Register IT security newsletter

Narrowcasting for the email classes