. Our Standards: The Thomson Reuters Trust Principles. Visitation, Services for Mrs. Donna Lynne Ratcliff Cupit is 11:00 am, Saturday, February 4, 2023, at Riverwood Family with visitation from, Mr. Tommy Gene Puckett, 68, of Magnolia, MS, died January 28, 2023, in McComb, MS. Hes a good hearted man that needs to be cared for by his family., Bourne said in a recent email sent to close acquaintances that her father is a non-violent first offender who poses no threat to the safety of any person or the community and asked that they email letters of support to U.S. District Court Judge Valerie Caproni, who is considering an early release for Ebbers. His health had been rapidly deteriorating before a federal judge granted him a compassionate release from prison in . [9], Ebbers began his business career operating a chain of motels in Mississippi. In addition to asking for any tests as to whether Ebbers was malingering, or faking his memory loss, the judge asked for information on Ebbers' rapid weight loss the former bouncer has reportedly withered to around 160 pounds. Feb. 3, 2020 3:56 am ET. In July 2019, one of Ebbers' daughters submitted a request that her father receive compassionate release from a federal prison medical facility in Fort Worth, Texas. On March 15, 2005, Ebbers was found guilty of all charges. Grow your brand authentically by sharing brand content with the internets creators. Bernie is preceded in death by his parents, Kathleen Mary and John Tony Ebbers, and grandchildren Baby Easley and Bernie Ellen Gates. [49], While CEO of WorldCom, he was a member of the Easthaven Baptist Church in Brookhaven, Mississippi. I dont know about technology and I dont know about finance and accounting, he said, according to the New York Times. Bernard John Ebbers (August 27, 1941 February 2, 2020) was a Canadian convicted fraudster, businessman and the co-founder and CEO of WorldCom. [2] In December 2019, Ebbers was released from Federal Medical Center, Fort Worth, due to declining health, having served 13 years of his 25-year sentence, and he died just over a month later. Jury Deliberations Continue In Trial Of Former WorldCom Chief Bernie Ebbers. On September 5, 2019, Ebbers filed a motion with the . Bernie is preceded in death by his parents, Kathleen Mary and John Tony Ebbers . Organize, control, distribute and measure all of your digital content. Bernie Ebbers was sacrificed unjustly so politicos could grab a few headlines. The Ebbers family is especially grateful to have been by. and they participated in mission work for years. In 1968, Ebbers married Linda Pigott and the couple raised three daughters. Known as Bernie, the bearded, twice-divorced Ebbers spent nearly two decades transforming a small Mississippi company once known as Long Distance Discount Service into WorldCom through a slew of acquisitions, including the $37 billion takeover of the much larger MCI Communications in 1998. The former chief of WorldCom, convicted in one of the largest corporate accounting scandals in U.S. history, died just over a month after his early . Ebbers remained on the prowl, announcing a $129 billion merger with Sprint Corp in October 1999, only to have regulators block that tie-up. [24][31] On May 25, 2004, federal prosecutors increased the list of charges to 9 felonies: 1 count each of conspiracy and securities fraud, and 7 counts of filing false statements with securities regulators. Ebbers began to serve this term of imprisonment on September 26, 2006. Let's all Venmo Bernie's daughter and request our money he and his cohorts owe us. Friends and family areencouraged to dress"Bernie casual.". Brookhaven - Bernard "Bernie" J. Ebbers ran in to the arms of Jesus on February 2, 2020, surrounded by his family in Brookhaven, Miss. After we have had some time to grieve and heal, we intend to use this experience and our voice to advocate for those like Dad who are deserving of compassionate release to their families. Ebbers has essentially served the life sentence that the sentencing court predicted it had imposed.. Facebook; . His lawyers claimed that he was, by the time of his death, legally blind and suffering from dementia, anemia and significant weight loss. Boards are the best place to save images and video clips. U.S. District Judge Valerie Caproni, who took over the case after Jones entered private practice, concluded that society had no reason to fear Ebbers would resume fashioning fraudulent securities schemes or pose any threat if he were released. Feb 3 - Bernard Ebbers, who built WorldCom Inc into a telecommunications giant and was convicted in one of the largest U.S. accounting scandals, died on Sunday, his family said in a statement. I expected results. Ebbers was released from prison in December amid failing health. Heencouraged and motivated on a personal level to the benefit of everyone. On July 13, 2005, defendant Bernard J. Ebbers was sentenced to a term of imprisonment of 25 years. I considered myself demanding, he said. 16 July 2005. Bernie Ebbers spent his last night of freedom doing what he loved best - making deals, in this case with titan George Soros, who bought one the biggest . "[9][50], Last edited on 10 February 2023, at 07:02, Federal Correctional Institution, Fort Worth, U.S. House Committee on Financial Services, Fifth Amendment to the United States Constitution, United States District Court for the Southern District of New York, U.S. Court of Appeals for the Second Circuit, "WorldCom's Bernard Ebbers Wins Early Release From Prison", "Ebbers Sentenced to 25 Years in Prison for $11 Billion Fraud", "Portfolio's Worst American CEOs of All Time", "Ex-WorldCom CEO Bernard Ebbers, 'telecom cowboy' sentenced to 25 years in accounting fraud, dies at 78", "Bernie Ebbers, a 19th century-style tech tycoon? In lieu of flowers, please consider giving to Casa de FE via Hope Extended. One analyst cited in an early profile in the late nineties said Bernie Ebbers was "the telephone equivalent of Bill . Bernie Ebbers August 27, 1941 - February 2, 2020. Bernard John Ebbers was born on Aug. 27, 1941, in Edmonton, Alberta, to John T. and Kathleen Mary (Ellen) Ebbers. Assuming credit for good conduct while incarcerated, Ebbers has an anticipated release date of approximately July 4, 2028. Mar 15, 2005 12:00 AM EST. "In the calls, he was alert, aware and oriented to person, place, time and situation," the psychologist is quoted as saying, adding that Ebbers was asking about his daughter's efforts to get him out of prison. The subject line should include: U.S. v. Ebbers, 1:02-cr-01144-VEC. Soon afterwards, he was sentenced to 25 years in prison. Elizabeth Bourne; Emma Gates, Lillie Gates, Ruth Ellen Gates, Mary Michael Gates; great-grandson Elliott Bernard Stewart;brothers John Ebbers. Visitation is from 4-8, The funeral service for Kenneth Alva Berry will be 11 a.m., Thursday, February 23, 2023, at Central Baptist church, with, Memorial services for Mr. Alexander Dean King of McComb are 11 a.m. Saturday, February 25, 2023, at Riverwood Family with, The funeral service for Robert Lee Hadley, Jr. will be 2 p.m., Friday, February 24, at Riverwood Family with interment, Service will be 4:00 pm Tuesday February 21, at Riverwood Family and visitation from 3:00 until the time of the, The funeral service for L.J. Additionally, a number of directors believed Ebbers had not charted a way forward after the Sprint merger collapsed. Bernard John Ebbers was born on August 27, 1941 in Edmonton, Canada. Bernard John Ebbers was born on Aug. 27, 1941, in Edmonton, Alberta. Ebbers' daughter Joy has sworn in a declaration that her . Ebbers, 78, is locked up in a federal medical facility in Fort Worth, Texas, and has served more than half of a 25-year sentence. Bloggerized by Zona Cerebral and GirlyBlogger, Mayhem & Destruction in Brandon (Updated), Jackson interest-rate swaps/refinance of bonds, Monday Morning Edition of Friday Night Fights, Insurance Commissioner: Be Careful w/ Fireworks. In a letter Monday to U.S. District Judge Valerie Caproni, Assistant U.S. Attorney Gina Castellano cites a note from a prison psychologist who listened in on phone calls between Ebbers and his daughter in recent weeks. [30] On March 2, 2004, federal authorities indicted Ebbers with security fraud and conspiracy charges. Ebbers blamed his subordinates but was convicted of fraud and conspiracy. "It is commonly known that people suffering from dementia (which can have many forms) can experience symptom fluctuation (i.e., 'good days and bad days')," Carner wrote. In July 2019, one of Ebbers' daughters submitted a request that her father receive compassionate release from a federal prison medical facility in Fort Worth, Texas. He was a great Man. Streamline your workflow with our best-in-class digital asset management system. He thought himself less a micromanager, and more the high school basketball coach he once was. Finally, we will forever be thankful for the compassion and courage shown by Judge Valerie Caproni in releasing Dad to us. He was surrounded by family when he died, according to the statement provided by his daughter, Joy Ebbers Bourne. [24], When the allegations of conspiracy and fraud were first brought to light in 2002, Ebbers addressed the congregation and insisted on his innocence. The former chief of WorldCom, convicted in one of the largest corporate accounting scandals in U.S. history, died just over a month after his early release from prison. He is being held at the prison medical center in Fort Worth, Texas. Lehmans Richard Fuld ranked first. His personal holdings included:[44], From 1993 through 1995, Ebbers served as chairman of the board of directors of the Competitive Telecommunications Association, where he pleaded with the United States Congress to improve competition with the incumbent telecommunications companies. My family and I are thankful for the time that we had to be with and care for Dad in his final days. Rest in Peace, your rewards are yours for Eternity!!! Bernard Ebbers, the former WorldCom Inc. chief executive who spent more than 13 years in prison for participating in one of the largest accounting frauds in U.S . [26], In response to a subpoena, Ebbers appeared before the U.S. House Committee on Financial Services on July 8, 2002. [42][43], At his peak in early 1999, Ebbers was worth an estimated $1.4 billion and listed as 174th on the Forbes 400. He was a great Man. CNBC and Portfolio.com in 2013 named Ebbers the fifth-worst American CEO of all time. One analyst cited in an early profile in the late nineties said Bernie Ebbers was "the telephone equivalent of Bill Gates." . JACKSON, Miss. He is survived by Linda Ebbers,daughters Ave Easley (David), Treasure Ebbers Beeson (Dwayne), Joy Ebbers Bourne, Faith Ebbers Gates (Michael); grandchildren Nathanael Easley, Rachel Easley,GabryelleEasley; Jordan Beeson Stewart (Jacob), Jonathan Beeson, Juliana Beeson; Truett Bourne. We ask that the familys privacy be respected at this time, and we covet your prayers. My job is to bring people in who do have those specific skills and then rely on them. Published 9:22 am Thursday, November 14, 2019. Caproni, a judge on the U.S. District Court for the Southern District of New York, had given the government until Monday to supply the additional medical data, most of which were filed under seal. On September 21, 2005, Judge Cote approved the settlement and dismissed the lawsuit against Ebbers.[39][40][41]. Kimberly Unger / Security Traders Association of New York via AP, file. Bernie was born on August 27, 1941 and Bernie Ebbers, convicted WorldCom ex. his side for the last weeks of his life here on earth. Access the best of Getty Images with our simple subscription plan. Whom have I in heaven but thee? Here's what he said, See which bills survived the latest deadline in the Mississippi Leg, How Tolu Smith, students in banana costumes helped Chris Jans, MSU basketball, Calvary Baptist Church will not appeal, Saddleback Church doubles down, When is ALDI opening in Hattiesburg? Meanwhile the real bad guy who caused the loss of billions got a few months at an Air Force base. He was convicted of securities fraud and other charges for his role in one of the largest corporate accounting scandals in U.S. history in 2005. [4], Dubbed the "Telecom Cowboy," Ebbers often wore boots and blue jeans instead of the typical corporate uniform of a suit and tie. In July 2019, one of Ebbers' daughters submitted a request that her father receive compassionate release from a federal prison medical facility in Fort Worth, Texas. Despite his blindness, worsening cardiomyopathy and mental deterioration, he remains in good spirits and grateful for the support, prayers and encouragement he receives from so many friends, former coworkers and family.. Former WorldCom CEO Bernard Ebbers was convicted of conspiracy and fraud Tuesday. Disconnected: Deceit and Betrayal at WorldCom. His daughter, Joy Ebbers Bourne, of Madison, is leading the charge for his early release based on reform to Compassionate Release laws, which was included in the First Step Act signed by President Donald Trump last year. Caproni, who serves in the, Mississippis Mayo Lab working to combat student mental health crisis, It isnt a leap year, but $272,000 lottery win had Mississippi ticket holder jumping for joy on last day of February, Three inmates slip out of handcuffs at Mississippi truck stop, back in custody after overnight manhunt, Drug round nets six arrests for Mississippi narcotics agents Friday. In 2002, the Mississippi-based company admitted to improperly reporting $3.8 billion in expenses, prompting Justice Department to open a criminal investigation into its . Two months later, WorldCom revealed an accounting shortfall and said it would restate some results. Collect, curate and comment on your files. [28] The indictment charged that he violated securities laws by defrauding investors on multiple occasions between January 2001 and March 2002. The Getty Images design is a trademark of Getty Images. According to a 2009 Time article, Ebbers turned WorldCom into the nations second-largest long distance telecommunications company through a series of rapid acquisitions that left it heavily in the red. Ebbers was allowed to remain free for another year while his appeal was being considered. Bernie Ebbers, the former WorldCom CEO once known as the "Telecom Cowboy," who was locked up for his role in one of the biggest accounting frauds in US . [36][37] Ebbers served in the low-security portion of the complex, which typically houses non-violent offenders and is built like a school dormitory. Bernard "Bernie" J. Ebbers ran in to the arms of Jesus on Feb. 2, 2020, surrounded by his family in Brookhaven. Bernard J. Ebbers leaving federal . With great sadness, but still with gratitude, we announce that Dad died surrounded by his family on February 2, 2020. 2023 Getty Images. But he maintained ignorance of details. In lieu of flowers, please consider giving to Casa de FE via Hope Extended. one of Ebbers' daughters submitted a request that her father receive compassionate release from a . All quotes delayed a minimum of 15 minutes. Bernard "Bernie" Ebbers Bernard "Bernie" Ebbers WorldCom E. Stanley Kroenke E. Stanley Kroenke Kroenke, described by MCI in the press release as "a nationally known businessman with numerous real . He and Linda loved basketball and raising their daughters. Bernie Ebbers, figure behind one of largest corporate scandals in US history, dead at 78 . The world may hate him but God loves him much more. "The conversations between him and his daughter were very different then [sic] how he presented to this writer during our last encounter on 10/11/19 when he presented to this writer as though he didn't know he was in a prison nor the date and time," the psychologist writes. Ebbers qualifies due to his age, time served and his current medical condition. In 2013, Portfolio.com and CNBC named Ebbers as the 5th-worst CEO in American history. Ebbers was convicted by a Manhattan jury in March 2005 for orchestrating the fraud, and was found guilty of securities fraud, conspiracy and other crimes. His conviction was upheld in the U.S. Court of Appeals for the Second Circuit in July 2006. He and Linda loved basketball and raising their daughters. In a response filed in court Tuesday, Ebbers attorney Graham Carner said the alleged discrepancies can be explained by factors that have nothing to do with fakery. Bernard Ebbers, who built WorldCom Inc into a telecommunications giant and was convicted in one of the largest U.S. accounting scandals, died on Sunday, his family said in a statement. A tornado watch was issued Wednesday for a portion of Mississippi. Streamline your workflow with our best-in-class digital asset management system. His punishment was more severe than those imposed on two other chief executives from big corporate scandals in the same period, a 24-year prison term for Enrons Jeffrey Skilling and a 15-year term for Adelphia Communications John Rigas. "[9], After making this statement, Ebbers asserted his right against self-incrimination per the Fifth Amendment to the United States Constitution. A jury finished its second day of deliberations in his criminal accounting fraud trial. Visitation is from, Services for Mrs. Viola Lea Wilson will be held at Pleasant Hill Baptist Church Sunday, February 19, 2023 at 2:00, Christopher Lamar Williams, 37, died February 5, 2023. Email Article. Their eldest son, Mark . Former WorldCom CEO Bernie Ebbers is requesting to be released from prison early due to health issues. He is survived by Linda Ebbers,daughters Ave Easley (David), Treasure Ebbers Beeson (Dwayne), Joy Ebbers Bourne, Faith Ebbers Gates (Michael); grandchildren Nathanael Easley, Rachel Easley,GabryelleEasley; Jordan Beeson Stewart (Jacob), Jonathan Beeson, Juliana Beeson; Truett Bourne. He was 78 . His faith was overt, and he often started corporate meetings with prayer. [5], After high school, Ebbers briefly attended the University of Alberta and Calvin College before enrolling at Mississippi College on a basketball scholarship. From 1992 to 1995, LDDS renamed WorldCom in May 1995 bought corporations that expanded its service capabilities. The line of questioning and Ebbers's testimony painted a picture of a hard-working former jock and basketball coach, a man who had struggled in college, worked many odd jobs, adopted children, and . Bernie was born on August 27, 1941, and was 78 years old at the time of this death. WorldCom Inc. collapsed and went . In July 2019, one of Ebbers' daughters submitted a request that her father receive compassionate release from a federal prison medical facility in Fort Worth, Texas. Friends and family areencouraged to dress"Bernie casual.". On July 13, former WorldCom CEO Bernie Ebbers was sentenced to 25 years in prison. Bernie Ebbers was many things to many people, but the greatest role he ever had was being a father to his girls. Over the past few years, Dad has faced several serious medical issues while in prison, she wrote. Testifying in his own defense at his trial, a relatively rare move in a high-profile white-collar case, Ebbers invoked his coaching past to describe his management style. A charismatic businessman who went from Wall Street superstar to untouchable almost overnight, former Worldcom CEO Bernie Ebbers . One of his daughters, Joy Ebbers Bourne, said in a court filing in October that Mr. Ebbers was "now experiencing full-blown dementia." In March 2005, Bernie Ebbers, former CEO of WorldCom, was found guilty on nine counts of securities fraud and conspiracy involving an accounting scheme to bolster the company's apparent profitability. His father was a sales rep and a repairman. Inside the WorldCom Scam: With Stacy Keach, Bernard Ebbers, Alison Heruth-Waterbury, Joseph Medawar. If you are willing to write, please email by Thursday, Nov. 14. Castellano said an abdominal ultrasound performed late last month found "no definitively worrisome or sonographically acute findings," but further tests are scheduled next month. The name changed to MCI WorldCom after the MCI purchase, and later back to WorldCom. James Ebbers, and Stephen Ebbers; and a sister MarionOlthuis. That title is now held by Lehman Brothers bankruptcy in 2008. [10], In 1996, WorldCom acquired MFS Communications (originally Metropolitan Fiber Systems)[11] and in September 1998, it acquired MCI Communications. Dad ran in to the arms of Jesus tonight, surrounded by his loving family, and not chained to a hospital bed without anyone he knew in the room. Got a confidential news tip? Ebbers agreed to relinquish almost all of his assets, including a home in Mississippi, and his interests in a lumber company, a marina, a golf course, a hotel, and thousands of acres of forested real estate. (WLBT) - Bernie Ebbers died Sunday at the age of 78. ", "Worldcom to Buy MFS for $12 Billion, Creating a Phone Giant", "WorldCom quarterly report for the quarter ended March 31, 2002", "Worldcom, Inc. 2002 Form 10-K Annual Report", "Top 10 CEO Scandals: Bernie Ebbers, WorldCom", "Bernie Ebbers Wants To Reach Out And Touch Everyone", "Ex-WorldCom CEO Ebbers wants sentence commuted", "Ebbers' luck runs out in sweeping victory for feds", "Bernard Ebbers, WorldCom CEO convicted in historic fraud scandal, dies at 78", "U.S. charges ex-Worldcom CEO Bernard Ebbers", "Ebbers signs agreement on Oklahoma charges", "Ebbers signs agreement with Oklahoma AG", "Appeals court upholds Ebbers conviction", "What life will be like for Ebbers behind bars", "Bernard Ebbers Reports to Prison in Louisiana", "WorldCom investors to get $6bn and Ebbers's house", "Convicted former WorldCom CEO Ebbers dead at 78", "Bernie Ebbers, WorldCom fraudster, dead at 78", "Ebbers' high-risk act came crashing down on him", "Many Mississippians Continue To Support WorldCom's Ebbers", "President Bush to Announce Several Individuals to Serve in his Administration", White House Office of the Press Secretary, https://en.wikipedia.org/w/index.php?title=Bernard_Ebbers&oldid=1138543435, Mississippi Business Hall of Fame (May 1995), This page was last edited on 10 February 2023, at 07:02. All rights reserved. The Ebbers family is especially grateful to have been by. He was born to John T. and Kathleen Mary Ebbers. Collect, curate and comment on your files. Bernard John Ebbers (August 27, 1941 - February 2, 2020) was a Canadian convicted fraudster, businessman and the co-founder and CEO of WorldCom.Under his management, WorldCom grew rapidly but collapsed in 2002 amid revelations of accounting irregularities, making it at the time one of the largest accounting scandals in the United States. When we arrived at the federal courthouse on December 18, we learned Dad had once again been admitted to the hospital. [29] On November 20, 2003, the charges by Oklahoma were dropped, with the right to refile retained, to defer to federal charges. Tap into Getty Images' global scale, data-driven insights, and network of more than 340,000 creators to create content exclusively for your brand. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. [32] On March 30, 2005, an agreement to extend the statute of limitations on the charges from Oklahoma was signed, allowing Oklahoma prosecutors time to see the results of federal sentencing. Rest in Peace, your rewards are yours for Eternity!!! Ebbers was 78. Judge Denise Cote of the United States District Court for the Southern District of New York ordered the parties in the lawsuit to negotiate. Ebbers health had been rapidly deteriorating before a federal judge granted him a compassionate release from prison in December, after he had served a little over 13 years of a 25-year sentence. He became CEO two years later, and the company changed its name to WorldCom in 1995. 1:28. Emails should be brief, citing the reason for writing and relationship to Ebbers. [7], When Ebbers was young, the family moved to California and later lived for a while on a mission post on a Navajo Nation Indian reservation in New Mexico before moving back to Canada when Ebbers was a teenager. The Ebbers family released a statement thanking Judge Valerie Caproni, as they got to spend Bernies final days with him: On behalf of the Ebbers family, I want to express our sincere gratitude to Judge Valerie Caproni for her truly compassionate decision to release Dad from prison in December. The World hated him in many ways, But the Love of God shown through him, IN SPITE of all the bad things that he had to endure. The real story of WorldCom begins and ends in small-town Mississippi, where in little more than a decade a gym teacher named Bernie Ebbers took a tiny company and turned it into a telecom empire. [12][13] In July 2000, it abandoned its planned $115 billion acquisition of Sprint Corporation after U.S. and European Union antitrust regulators raised objections. Ebbers has four children - all of them daughters. Dad suffers from severe macular degeneration, cardiomyopathy, significant weight loss, anemia and mental deterioration. These are Ave Titis Easley, Faith Ann Ebbers, Treasure Ebbers Beeson, and Joy Ebbers Bourne. Hosemann Family Autism Foundation Awards Teacher S Bill Crawford: Sticking with Trump Risky for Moral U.S. Attorney: "Quit Denying There is a Crime Prob Bill Crawford: What Will Shine Brightest? Do you have more to say to him, or to anyone else convicted in the scandal? With good behavior, he is scheduled for release in 2028. his side for the last weeks of his life here on earth. His daughter, Joy Ebbers Bourne, of Madison, is leading the charge . My family is asking for our friends to email in support of my fathers release. The parties agreed that Ebbers and his codefendants would distribute over $6.13 billion, plus interest, to over 830,000 individuals and institutions that had held stocks and bonds in WorldCom at the time of its collapse. His daughter, Joy Ebbers Bourne, says in a sworn declaration that her father has dementia. Bourne asked that letter writers not complain about the trial or the sentence, but focus only on bringing him home because of his age and poor health. Carner noted that Ebbers has suffered multiple falls, and that according to the medical report, he weighed just 148 pounds last week, down from 200 pounds in July. His father was a traveling salesman and a mechanic, and his mother was a homemaker. Over the last eight to 10 months, his health has been rapidly declining, resulting in his recent relocation to a medical hospital unit. [23], The figure eventually grew to $11 billion. Court papers say a Bureau of Prisons official denied . Former WorldCom CEO Bernie Ebbers is requesting to be released from prison early due to health issues. Editorial: The airport belongs to Jackson. The New York Times. Thirteen years of incarceration - up to the point of approaching death - is not a slap on the wrist, Caproni wrote last month. Bernie was born on August 27, 1941 and was 78 years old at the time of this death. Madison Sheriff Searching for Missing Domino's Emp Bill Crawford: Money Talks in Mississippi Politics. Court papers say a Bureau of Prisons official . In turn, he has been rewarded for his success. Cambodian Child Comes to UMMC for Surgery. Tap into Getty Images' global scale, data-driven insights, and network of more than 340,000 creators to create content exclusively for your brand. He was born in Temple,, Larry Bryan Barlow, 88, died January 24th at the Mississippi State Veterans Home in Jackson. We were confident in our case, believing Dads situation was just what Congress had intended when they changed the compassionate release laws in the First Step Act. The Canadian-born former telecommunications executive died Sunday in Brookhaven, Miss., surrounded by his family, according to a family statement. NEW YORK -- A former top executive sentenced to 25 years in prison in one of the largest corporate accounting scandals in U.S. history was ordered freed from prison Wednesday for . That made Ebbers company a rival for AT&T, Verizon and other long-distance carriers, and made Ebbers a billionaire. Bernie was born on August 27, 1941, and was 78 years old at the time of this death. [18], On June 25, 2002, WorldCom admitted to nearly $3.9 billion in accounting misstatements and on July 22, 2002, it filed for bankruptcy. Ebbers was convicted in New York in 2005 on securities fraud and other charges and received a 25-year sentence. Of far more importance, it is a reminder of the lessons learned relating to the board's role in assuring a corporate culture in which the internal legal function is respected, influential and . 29 Counties Have More Opioid Prescriptions Than Re Crimestoppers Offers Reward for Murder Suspect, Swim Coach Tries to Get Indictment Dismissed. 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