BREAKING NEWS Mississippi reports 136 new coronavirus cases, 2 new deaths Full Story

Bernie Ebbers, former CEO convicted in WorldCom scandal, died

Bernie Ebbers (MGN Online)

Bernie Ebbers, the convicted former chief of Mississippi-based telecom giant WorldCom, has died at the age of 78.

Posted: Feb 3, 2020 5:35 AM
Updated: Feb 3, 2020 5:36 AM

NEW YORK (AP) — Bernie Ebbers, the convicted former chief of Mississippi-based telecom giant WorldCom, has died. 

He was 78.

According to a family statement, Ebbers died on Sunday just over a month after his early release from prison.

He had been convicted in 2005 for 25 years on securities fraud and other charges for his role in one of the largest corporate accounting scandals in U.S. history.

WorldCom, with corporate headquarters in Clinton, collapsed and went into bankruptcy in 2002 following revelations of an $11 billion accounting fraud.

His early release was ordered in December after a lawyer cited severe medical problems.

Article Comments

Tupelo
Clear
55° wxIcon
Hi: 69° Lo: 44°
Feels Like: 55°
Columbus
Clear
57° wxIcon
Hi: 70° Lo: 44°
Feels Like: 57°
Oxford
Clear
55° wxIcon
Hi: 68° Lo: 44°
Feels Like: 55°
Starkville
Clear
57° wxIcon
Hi: 68° Lo: 42°
Feels Like: 57°
WTVA Radar
WTVA Temperatures
WTVA Severe Weather