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    Ebbers found guilty in WorldCom trial

    Ebbers found guilty in WorldCom trial

    Former CEO of WorldCom faces up to 85 years in prison after a guilty verdict is confirmed.

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    Author Date published March 15, 2005 Categories

    Disgraced former chief executive of WorldCom Bernard Ebbers has been found guilty by a federal jury of fraud charges related to the $11bn (£5.7bn) accounting scandal that sank the telecommunications company.

    Link: Ebbers denies WorldCom fraud

    Ebbers, 63, was found guilty on Tuesday of conspiracy and filing false documents with regulators. He faces up to 85 years in prison when he is sentenced on 13 June.

    A federal jury in Manhattan deliberated for eight days before returning guilty verdicts on one count of conspiracy, one count of securities fraud and seven counts of false regulatory filings.

    The conviction comes more than two years after an interal auditor sparked off one of the biggest scandals in accounting history.

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