Feeds

WorldCom CEO loses Supreme Court appeal bid

25 years in the pokey

Providing a secure and efficient Helpdesk

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. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
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?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.