The New York Times > Business > Ex-Chief of WorldCom Convicted of Fraud Charges

The New York Times > Business > Ex-Chief of WorldCom Convicted of Fraud ChargesBernard J. Ebbers, the former chief executive of WorldCom, was found guilty today on all nine counts of orchestrating a record $11 billion fraud that bankrupted his company.

Mr. Ebbers, 63, was convicted of securities fraud, conspiracy and seven counts of filing false reports with regulators. He now faces up to life in prison, with the convictions collectively carrying a maximum penalty of 85 years in prison. Sentencing was set for June 13. He remains free on bail.