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Worldcom CEO Found Guilty of Fraud Posted by Pile (5081 views) [E-Mail link] US prosecutors on Tuesday won a landmark victory in their battle against white-collar crime when Bernie Ebbers, the former WorldCom chief executive, was found guilty of leading an $11 billion accounting fraud that pushed the telecommunications group into the largest bankruptcy in US history. Meanwhile over at CNN (the CHEESE NEWS NETWORK), the Scott Peterson and Michael Jackson trials get more attention. UPDATE: Financial Firm J.P. Morgan is reportedly trying to settle over their involvement in the Worldcom fraud for US$2B. Details   1 Article displayed.

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