NEW YORK - 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. The former telecommunications executive died Sunday, according to a family statement cited by WAPT-TV in Mississippi. The Canadian-born Ebbers was convicted in New York in 2005 on securities fraud and other charges and received a 25-year sentence. While prosecutors agreed that Ebbers’ health had deteriorated in prison, they opposed an early release. The family statement acknowledged resistance to Ebbers’ early release from victims of WorldCom’s collapse, but said that many victims also expressed their support.

Source: thestar February 03, 2020 10:41 UTC