Hi there,

The job of a journalist is to go to where the silence is — especially when those in power seek to silence voices that question or challenge power. That is what we do at Democracy Now! day in and day out, and we're able to do it because of financial support from people like you — people who trust and depend on our independent reporting. If you believe that freedom of speech and freedom of the press are essential to the functioning of a democratic society, please donate today. Every dollar makes a difference. Thank you so much.

Democracy Now!
Amy Goodman

Non-commercial news needs your support.

We rely on contributions from you, our viewers and listeners to do our work. If you visit us daily or weekly or even just once a month, now is a great time to make your monthly contribution.

Please do your part today.

Donate

WorldCom’s CEO Convicted For Accounting Fraud

HeadlineMar 16, 2005

A jury in New York has convicted the former CEO of WorldCom of taking part in the largest accounting fraud in corporate history. The telecommunications executive, Bernie Ebbers, faces up to 85 years in jail. The federal jury found Ebbers guilty of securities fraud, conspiracy and seven counts of filing false information with regulators. When WorldCom filed for bankruptcy two and a half years ago, shareholders lost about $180 billion. 20,000 workers lost their jobs. U.S. Attorney General Alberto Gonzales hailed Tuesday’s verdict as a triumph of the legal system. Ebbers’ attorney Reid Weingarten accused the government of withholding key evidence. Ebbers’ attorney vowed to appeal the jury’s verdict.

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top