Ebbers’ WorldCom trial kicks-off spectacularly

Ebbers' WorldCom trial kicks-off spectacularly

Bernie Ebbers, the former CE of WorldCom accused of allegedly cooking the books to the tune of $11bn, looked on as the legal fight against him kicked of in frenetic style this week.

Link: Worldcom payouts put directors under pressure

Ebbers’ lawyers wasted no time in going for the jugular by attacking the credibility of the prosecution’s star witness – former WorldCom finance executive Scott Sullivan – at a pre-trial hearing.

In what could be a nasty, sensational scrap The Independent reported that the defence was prepared to go so far as to delve into Sullivan’s alleged marital infidelity to discredit him. Judge Barbara Jones denied motion by prosecutors to block this line of questioning.

Jury selection for the trial – which could see Ebbers gaoled for 30 years if he is found guilty of the accounting fraud that triggered the biggest bankruptcy in history – starts today.

The trial itself is scheduled to begin in a week.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource