Witness in WorldCom Trial Admits to Lies
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Former WorldCom Inc. finance chief  Scott Sullivan, who has become the star witness against Bernard  Ebbers, admitted on Wednesday to a history of lies, saying he  had deceived shareholders, analysts and the board while his  staff undertook an $11 billion accounting fraud.
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An ex-journalist who went to jail to protect a source testifies against that source in a high-profile Washington case.
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In testimony that he recorded in August as preparation for Oracle&#39;s &quot;poison pill&quot; lawsuit against PeopleSoft, former CEO Craig Conway admitted he lied to investors about the state of the company&#39;s
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A possible 2001 merger between  WorldCom Inc. and Verizon Communications was scuttled by  internal concerns over accounting tricks at WorldCom, jurors in  the fraud trial of former WorldCom CEO Bernard Ebbers were told  on Thursday.
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Former Worldcom boss Bernie Ebbers, accused of overseeing an $11bn fraud, never made accounting decisions, a witness tells jurors.
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A former senior Refco Inc executive pleaded guilty on Wednesday to criminal charges for his role in an alleged fraud that led to the collapse of the futures and commodities broker.
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BBC World said on Friday it was duped in an "elaborate deception" by a man who claimed to be a Dow Chemical Co. spokesman and said in an interview the U.S. company accepted responsibility for India's Bhopal disaster.
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A U.S. District judge ruled Tuesday that former WorldCom Inc. CEO Bernard J. Ebbers's lawyers may question the prosecution's star witness about alleged marital infidelities.
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NEW YORK, Sept. 7 -- A federal judge has ordered former WorldCom Inc. chief executive Bernard J. Ebbers to report to prison on Sept. 26 to begin serving a 25-year sentence for accounting fraud.
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Former Worldcom boss Bernie Ebbers says his ignorance of accounting meant he did not see the $11bn fraud that broke the company.
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The chief investigator in the case of a farmer charged in the deaths of 26 women conceded Tuesday that he purposely misled the man during interrogation about what his friends and brother had told police.
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In the trial of corporate titans, witnesses describe a world of brains, skill, and deception.
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For the governmentÂs star witness in its case against Bernard J. Ebbers, the former chief of WorldCom, last weekÂs court appearance may seem like a breeze compared with the cross-examination he faces this week.
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A former top accountant at WorldCom Inc. testified yesterday she was told to make improper accounting entries because chief executive Bernard Ebbers did not want to lower expectations for Wall Street.
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Lawyers for former WorldCom  Chief Executive Bernard Ebbers are seeking immunity for two witnesses who they believe could clear their client of fraud charges related to the company's &#36;11 billion accounting scandal, according to court papers filed on Wednesday.
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Former WorldCom Inc. Chief Executive  Bernard Ebbers left accounting decisions up to his staff and  never personally cooked the company's books, jurors heard at  his fraud trial on Monday.
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Two WorldCom Inc. accountants agreed  to cover up $800 million in expenses only after learning that  Chief Executive Bernard Ebbers refused to warn investors that  profits were worse than expected, they testified at Ebbers'  fraud trial on Wednesday.