Feeds

WorldCom CEO loses Supreme Court appeal bid

25 years in the pokey

The Power of One Infographic

Former WorldCom CEO Bernard Ebbers lost his bid to get the US Supreme Court to hear the appeal of his conviction for presiding over the most spectacular accounting fraud in American history.

Ebbers argued the trial judge in his case erred by refusing to grant immunity to several prospective defense witnesses. That denial prevented Ebbers from presenting evidence that would have cleared him of wrongdoing, Ebbers's attorneys claimed. They also said the judge wrongly instructed the jury that Ebbers could be convicted based on "conscious avoidance," according to news reports from Reuters and Bloomberg.

In 2005, a federal jury in New York convicted Ebbers of nine counts of conspiracy, securities fraud and other crimes that led to WorldCom's bankruptcy three years earlier. An appeals court upheld that ruling and rejected arguments similar to those made by Ebbers to the Supreme Court, letting stand a prison sentence of 25 years.

The Supreme Court rejected Ebbers's appeal without comment.

The prosecution by the US government was part of a crack down on corporate accounting fraud following high-profile scandals at Enron, Tyco and other companies. Ebbers was convicted largely on the testimony of former WorldCom CFO Scott Sullivan, who said his boss hid costs to inflate revenue. The 65-year-old Ebbers is scheduled to be released from prison in 2028.

WorldCom emerged from bankruptcy as MCI, which was later acquired by Verizon. ®

Boost IT visibility and business value

More from The Register

next story
Yorkshire cops fail to grasp principle behind BT Fon Wi-Fi network
'Prevent people that are passing by to hook up to your network', pleads plod
UK government officially adopts Open Document Format
Microsoft insurgency fails, earns snarky remark from UK digital services head
Major problems beset UK ISP filth filters: But it's OK, nobody uses them
It's almost as though pr0n was actually rather popular
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
MPs wave through Blighty's 'EMERGENCY' surveillance laws
Only 49 politcos voted against DRIP bill
Help yourself to anyone's photos FOR FREE, suggests UK.gov
Copyright law reforms will keep m'learned friends busy
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
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.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.