United States v. Bernard J. Ebbers
E773502
United States v. Bernard J. Ebbers was the federal criminal case in which former WorldCom CEO Bernard Ebbers was prosecuted and convicted for orchestrating one of the largest accounting frauds in U.S. history.
All labels observed (1)
| Label | Occurrences |
|---|---|
| United States v. Bernard J. Ebbers canonical | 1 |
Statements (46)
| Predicate | Object |
|---|---|
| instanceOf |
United States criminal prosecution
ⓘ
federal criminal case ⓘ white-collar crime case ⓘ |
| aimOfFraud |
to maintain WorldCom’s stock price
ⓘ
to mislead investors and analysts ⓘ |
| allegation | orchestrating one of the largest accounting frauds in U.S. history ⓘ |
| caseType |
criminal
ⓘ
securities fraud prosecution ⓘ |
| charge |
conspiracy
ⓘ
filing false reports with the U.S. Securities and Exchange Commission ⓘ making false statements to investors ⓘ securities fraud ⓘ |
| consequence | long-term federal prison sentence for Bernard J. Ebbers ⓘ |
| context | post-dot-com bubble financial scandals ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| courtLevel | trial court ⓘ |
| defendant | Bernard J. Ebbers NERFINISHED ⓘ |
| defendantRole | former CEO of WorldCom ⓘ |
| finding | Bernard J. Ebbers was convicted on multiple counts NERFINISHED ⓘ |
| impact |
contributed to WorldCom’s bankruptcy
ⓘ
prompted reforms in corporate oversight and compliance ⓘ |
| industryContext | telecommunications ⓘ |
| involves |
improper capitalization of expenses
ⓘ
inflation of reported earnings ⓘ misstatement of WorldCom’s financial results ⓘ |
| jurisdiction | United States federal courts NERFINISHED ⓘ |
| legalCategory |
securities law enforcement
ⓘ
white-collar crime ⓘ |
| legalIssue |
accounting fraud
ⓘ
corporate governance ⓘ financial reporting ⓘ |
| notableFor |
prosecution of a major corporate executive
ⓘ
scale of accounting fraud ⓘ |
| participant |
defense attorneys for Bernard J. Ebbers
ⓘ
federal prosecutors ⓘ |
| plaintiff | United States of America NERFINISHED ⓘ |
| prosecutor | United States Department of Justice NERFINISHED ⓘ |
| regulatorInvolved | U.S. Securities and Exchange Commission NERFINISHED ⓘ |
| relatedCompany | WorldCom NERFINISHED ⓘ |
| relatedConcept | Sarbanes–Oxley Act enforcement climate ⓘ |
| relatedEvent | collapse of WorldCom ⓘ |
| relatedTo | WorldCom accounting fraud ⓘ |
| subjectOf |
legal and business ethics scholarship
ⓘ
media coverage on corporate fraud ⓘ |
| timePeriodContext | early 2000s corporate fraud scandals ⓘ |
| verdict | guilty ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.