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Worldcom Chief Charged with Fraud

NPR

By Robert Smith

Published March 2, 2004 at 12:00 AM EST

Former Worldcom chief Bernard Ebbers is indicted on charges that he participated in an $11 billion accounting fraud at the company. In the same investigation, former Worldcom chief finance officer Scott Sullivan pleads guilty and will cooperate with federal prosecutors. Ebbers and Sullivan are charged with securities fraud and conspiracy. NPR's Robert Smith reports.

Copyright 2004 NPR

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Robert Smith is a host for NPR's Planet Money where he tells stories about how the global economy is affecting our lives.

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