Who was convicted in the WorldCom accounting fraud?
Who was convicted in the WorldCom accounting fraud?
A federal jury in New York, on its eighth day of deliberations, convicted Ebbers on all nine counts that he helped mastermind an $11 billion accounting fraud at WorldCom, now known as MCI. Ebbers, 63, had been charged with one count of conspiracy, one count of securities fraud and seven counts of filing false statements with securities regulators.
Who was WorldCom CFO who pleaded guilty?
In addition, WorldCom had made loans of $400 million to Ebbers. The formal charges came on the same day that Sullivan, WorldCom’s ex-CFO and Ebbers’ chief lieutenant, pleaded guilty to the same charges leveled against Ebbers. Sullivan, 43, agreed to cooperate with prosecutors in the hopes of receiving a lighter sentence.
What happens if you report a bad boss?
Even if you are protected by whistleblower laws, that doesn’t mean life won’t be difficult for you once you report a bad boss, says Dan Bausé, an associate in the firm of O’Connor, Parsons, Lane & Noble who specializes in employment law, with a significant emphasis in wrongful termination and workplace harassment matters.
Who was the former CEO of WorldCom charged with?
Ebbers, 63, had been charged with one count of conspiracy, one count of securities fraud and seven counts of filing false statements with securities regulators.
A federal jury in New York, on its eighth day of deliberations, convicted Ebbers on all nine counts that he helped mastermind an $11 billion accounting fraud at WorldCom, now known as MCI. Ebbers, 63, had been charged with one count of conspiracy, one count of securities fraud and seven counts of filing false statements with securities regulators.
In addition, WorldCom had made loans of $400 million to Ebbers. The formal charges came on the same day that Sullivan, WorldCom’s ex-CFO and Ebbers’ chief lieutenant, pleaded guilty to the same charges leveled against Ebbers. Sullivan, 43, agreed to cooperate with prosecutors in the hopes of receiving a lighter sentence.
Who was found guilty of stealing from post office?
In a double blow for the family, in 2009 his mother Kashmir, now postmistress, was found guilty of stealing £57,000 from the same branch, a conviction she is now hoping will be overturned by the Criminal Cases Review Commission (CCRC).
Even if you are protected by whistleblower laws, that doesn’t mean life won’t be difficult for you once you report a bad boss, says Dan Bausé, an associate in the firm of O’Connor, Parsons, Lane & Noble who specializes in employment law, with a significant emphasis in wrongful termination and workplace harassment matters.