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How Did Bernard Ebbers Worldcom Scandal

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I chose to do Bernard Ebbers from Worldcom. He has a 25 year sentence that started in 2006 because he convinced people to lend him money when his company was failing. All of the prices of his company's stock were going down and instead of paying the money he got people to lend it to him. Then he tried to bring the price of his stock up and created fraudulent accounting entries. The fraud was discovered and the company went bankrupt. Ebbers was charged for fraud, conspiracy, and filing false documents. Bernard Ebbers turned Worldcom into the nation's second largest long distance telecommunications company. He did this through a series of rapid acquisitions that left his company in debt. Then his company admitted to improperly reporting $3.8
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