The Evening Bridge - March 15, 2005 TOP STORY: Today marked a big day in the government's moves to expel company executives who have allegedly conducted financial fraud. The first under the spotlight are former WorldCom CEO Bernard Ebbers and former Qwest CEO Joseph Nacchio, along with 10 other Qwest executives. Ebbers was found guilty in a federal court in New York on all counts for his role in WorldCom's demise. Meanwhile, the Securities and Exchange Commission sued Nacchio and 10 other former executives, accusing them of perpetrating a massive financial fraud on investors. The SEC also simultaneously settled with four of the former Qwest executives named in the lawsuits, which were filed in Denver federal court. ----- Original Message ----- From: "Paul Vixie" <paul@vix.com> To: <nanog@merit.edu> Sent: Tuesday, March 15, 2005 11:46 AM Subject: "Bernie Ebbers Guilty"
NEW YORK - Bernard Ebbers, the former chief executive of WorldCom and perhaps the most powerful American businessman ever to face a criminal trial, was found guilty today of securities fraud, conspiracy and filing false documents with regulators.
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http://www.forbes.com/home/management/2005/03/15/cx_da_0315ebbersguilty.html