Former WorldCom CEO Ebbers Found Guilty of Fraud

By Jim Zarroli

Published March 15, 2005 at 12:00 AM EST

A federal jury in New York finds Bernard Ebbers, former chief executive of WorldCom, guilty on all charges Tuesday. An $11 billion accounting scandal at the telecommunications giant forced it to declare bankruptcy.

The jury deliberated for eight days before convicting Ebbers of conspiracy, securities fraud and seven counts of filing false documents with the Securities and Exchange Commission. Sentencing is scheduled for June 13, and the 63-year-old Ebbers may face jail time. Ebbers' attorney said his client would appeal the verdict.

Jim Zarroli

Jim Zarroli is an NPR correspondent based in New York. He covers economics and business news.

See stories by Jim Zarroli

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SOMOS CONNECTICUT es una iniciativa de Connecticut Public, la emisora local de NPR y PBS del estado, que busca elevar nuestras historias latinas y expandir programación que alza y informa nuestras comunidades latinas locales. Visita CTPublic.org/latino para más reportajes y recursos. Para noticias, suscríbase a nuestro boletín informativo en ctpublic.org/newsletters.

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