Thursday, July 14, 2005

WorldCom Big Wig Lands In The Big House.

Bernard Ebbers, the founder of WorldCom, was sentenced to 25 years for his role in the fraud that led to the company’s collapse. The $11 billion fraud resulted in the biggest bankruptcy in US history, resulting in 20,000 workers loosing their jobs and shareholders losing $180 billion.

0 Comments:

Post a Comment

<< Home