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Ebbers guilty on all counts: federal jury convicts former WorldCom chief for his role in accounting scandal.

Publication: Mississippi Business Journal
Publication Date: 21-MAR-05 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Ebbers guilty on all counts: federal jury convicts former WorldCom chief for his role in accounting scandal.(Bernie Ebbers )

Article Excerpt
Bernie Ebbers was found guilty March 15 on all counts for his role in the $11-billion accounting fraud that brought down telecommunications giant WorldCom. On June 13, the former CEO will learn if he will spend the rest of his life in prison.

"It's a sad day for Bernie, and a sad day for Mississippi," said Paul Breazeale, CPA, of Jackson-based Breazeale Saunders & O'Neil Ltd. "He was the great hope for a lot of Mississippi investors, and they entrusted him with their money and expected him to be a good steward and have integrity. Obviously, that didn't turn out to be the case."

A federal jury debated Ebbers' fate before returning with a verdict of guilty on the eighth day of deliberations.

The jurors, seven women and five men representing bank employees, teachers,...

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