e-Vents

[ Tuesday ]

 

Feds Charge Ebbers in WorldCom Probe

Tue Mar 2, 2004 12:57 PM ET

NEW YORK (Reuters) - Former WorldCom Inc. Chief Executive Bernard Ebbers has been indicted on federal fraud charges stemming from the telephone company's collapse into the largest U.S. bankruptcy ever, according to court records.
Earlier on Tuesday, Ebbers' former lieutenant, Scott Sullivan, pleaded guilty to three criminal charges in the matter and is expected to cooperate with the government's case against Ebbers.

MM [11:57]