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Latest WorldCom Inc. Stories

2006-07-28 14:14:14

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.

2005-09-07 19:16:20

NEW YORK (Reuters) - Bernard Ebbers, former head of WorldCom Inc., will be allowed to remain free on bail as his attorneys appeal his March conviction on multiple counts of fraud, according to a ruling made on Wednesday in New York. U.S.

2005-08-16 18:27:06

By Jeremy Pelofsky WASHINGTON (Reuters) - U.S. communications regulators have expressed concerns about telephone carriers in Ecuador, Jamaica and Nicaragua disrupting phone service from the United States because of fights over rates. The U.S.

2005-08-11 11:14:35

NEW YORK (Reuters) - Ex-WorldCom Inc. financial chief Scott Sullivan, the government's star witness at the criminal trial of former Chief Executive Bernard Ebbers, was sentenced on Thursday to five years in prison for assisting in the $11 billion business fraud at the company.

2005-08-11 11:05:58

NEW YORK (Reuters) - Ex-WorldCom Inc. financial chief Scott Sullivan, the government's star witness at the criminal trial of former Chief Executive Bernard Ebbers, was sentenced on Thursday to five years in prison for assisting in the $11 billion business fraud at the company.

2005-08-05 10:57:06

By Martha Graybow NEW YORK (Reuters) - Betty Vinson, a former midlevel manager at WorldCom Inc., was sentenced on Friday to five months in prison for participating in the $11 billion fraud at the telecommunications company that triggered its bankruptcy.

2005-08-03 17:56:11

NEW YORK (Reuters) - Former WorldCom Inc. Chief Executive Bernard Ebbers should not be allowed to stay out of prison while he pursues an appeal because he has little chance of overturning his conviction, prosecutors said in court papers on Wednesday.

2005-07-26 21:07:53

NEW YORK (Reuters) - WorldCom Inc. former Chief Financial Officer Scott Sullivan will have to give up a Florida mansion as part of a financial settlement with investors stemming from the collapse of the telecommunications company, the plaintiff in the case said on Tuesday.

2005-07-26 21:41:30

NEW YORK (Reuters) - WorldCom Inc. former Chief Financial Officer Scott Sullivan will have to give up a Florida mansion as part of a financial settlement with investors stemming from the collapse of the telecommunications company, the plaintiff in the case said on Tuesday.

2005-07-26 10:09:22

NEW YORK (Reuters) - Three former executives at WorldCom Inc. have reached a financial settlement with investors stemming from the collapse of the telecommunications company, according to court papers.


Word of the Day
edulcoration
  • The act of sweetening by admixture of some saccharine substance.
The word 'edulcoration' comes from a Latin word meaning 'making sweet'.