Ebbers pleads Worldcom ignorance
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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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Experts say the WorldCom settlement is part of an evolving trend in which those who commit financial misdeeds, or fail in their duty to stop them, pay significant penalties.
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Former WorldCom officer Scott Sullivan admits lying, but still maintains that Bernard Ebbers was in on the $11bn fraud.
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A federal appeals court in New York on  Friday affirmed the conviction of former WorldCom Inc. Chief  Executive Bernard Ebbers for orchestrating an $11 billion  accounting fraud that led to the largest U.S. bankruptcy.
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In a fresh blow to Europe&#39;s antitrust enforcers, a top appeals tribunal said regulators wrongly blocked MCI WorldCom&#39;s aborted bid to buy Sprint Corp in 2000.
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Former WorldCom CEO Bernard Ebbers, accused of leading the biggest accounting fraud in US history, must stand trial in New York, not Mississippi where he lives and the company was based.
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The former finance chief of WorldCom Inc. testified Thursday that the company called off 2001 merger talks with Verizon after he and CEO Bernard Ebbers worried Verizon officials would discover WorldCom's cooked books.
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Former directors of WorldCom Inc.  have agreed to settle investors' claims that they failed to  properly control the telephone company's finances, the lead  plaintiff in the class action case said on Wednesday.
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Ex-CEO of WorldCom set to start 25-year prison sentence
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The former finance chief of WorldCom testified yesterday that the company called off 2001 merger talks with Verizon after he and chief executive Bernard Ebbers worried Verizon would discover WorldCom had cooked its books.
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But 8Mbit/s could happen...theoretically The Ofcom Consumer Panel has called on regulators to pull their fingers out and demand that ISPs are more honest with us about the limitations of broadband.â¦
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A former Qwest Communications executive is negotiating a possible settlement of SEC charges against him. The Securities and Exchange Commission has accused Michael Felicissimo of fraud that led to overstated wireless revenues at Qwest.
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The Supreme Court said on Monday that it rejected an appeal by former WorldCom Inc. Chief Executive Bernard Ebbers, who was convicted of orchestrating an $11 billion accounting fraud that led to the largest U.S. bankruptcy.
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New York (Oct. 20, 2004) - A federal judge has granted defense lawyers&#39; request to delay the trial of former WorldCom chief executive Bernard Ebbers by two months, according to published reports.
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Defending Bernard Ebbers, the former chief of WorldCom who is accused of conspiracy, may be Reid Weingarten's biggest challenge ever.
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Ofcom finds 'widespread and systematic deception' in premium-rate call competitions.
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The former finance chief of WorldCom Inc. testified on Tuesday that Bernard Ebbers, as CEO, had pressured him every quarter to meet Wall Street earnings estimates, repeatedly telling him "to hit the numbers."