Bernie Ebbers, ex-CEO convicted in WorldCom scandal, dies

NEW YORK (AP)- Bernie Ebbers, the convicted former chief of telecoms company WorldCom, has died. He was 78. According to a family statement, Ebbers died on Sunday just over a month after his early release from prison. He had been convicted in 2005 for 25 years on securities fraud and other charges for his role in one of the largest corporate accounting scandals in U.S. history. WorldCom collapsed and went into bankruptcy in 2002 following revelations of an $11 billion accounting fraud. His early release was ordered in December after a lawyer cited severe medical problems.

(Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)