Feeds

Ebbers could face life for WorldCom fraud

WorldCom now 'synonymous with fraud'

  • alert
  • submit to reddit

New hybrid storage solutions

Bernie Ebbers - who was found guilty of masterminding the $11bn accounting scandal at US telco giant WorldCom - should spend the rest of his days behind bars, the prosecution has said.

That's according to prosecution papers filed with the federal judge in charge of the case which claim that the actions of the former chief exec have made WorldCom "synonymous with fraud".

Said the prosecutors: "The enormity of the crimes that Mr Ebbers committed cannot be overstated: The fraud at...WorldCom was the largest securities fraud in history.

"Along with Enron, the name WorldCom has become synonymous with fraud."

The defence has asked the judge to go easy on Ebbers, 63, because he has a heart condition.

Ebbers is due to be sentenced on 13 July, reports Reuters. ®

Related stories

Ebbers conviction - 'victory for individual responsibility'
Ebbers guilty on all counts
Ebbers guilty of WorldCom fraud
Ebbers was 'leader of the con'
Ebbers was 'intimidating' boss

New hybrid storage solutions

More from The Register

next story
Apple Pay is a tidy payday for Apple with 0.15% cut, sources say
Cupertino slurps 15 cents from every $100 purchase
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
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
Alibaba swings a large one with STONKING IPO legal bills
Chinese e-commerce beast searches for $21bn from investors
EMC has nothing to say on VMware sale plan
Rumour and counter-rumour swirl around Wall Street
prev story

Whitepapers

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.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
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.