News - Worldcom Inc.
By Barbara Hoberock, Tulsa World, Okla. Aug. 8--OKLAHOMA CITY -- Verizon Business, the successor to WorldCom Inc., has paid the state more than $11.7 million to fulfill the terms of a deferred prosecution agreement, Oklahoma Attorney General Drew Edmondson announced Tuesday.
The former head of WorldCom Inc., Bernie Ebbers, lost his appeal Friday of an accounting fraud conviction.
NEW YORK (Reuters) - A federal appeals court in New York on Friday affirmed the conviction and 25-year prison sentence of former WorldCom Inc. Chief Executive Bernard Ebbers for orchestrating an $11 billion accounting fraud that led to the largest U.S. bankruptcy.
By DAVID B. CARUSO NEW YORK - A federal appeals court on Friday upheld the conviction of former WorldCom Inc. Chief Executive Bernard Ebbers on charges related to a multibillion dollar accounting fraud. The ruling by the three-judge panel of the 2nd U.S.
