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WorldCom CEO convicted of fraud dies

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Bernard Ebbers, who was convicted in 2005 over an $11 billion corporate accounting scandal at WorldCom, has died. He was 78.

He was released from prison in December after serving more than 13 years of a 25-year sentence. Attorneys in a court filing cited his health problems, including macular degeneration, a heart condition and dementia.

Ebbers grew WorldCom into the second-largest long-distance provider in the United States by the time it peaked in 1999. It had a market capitalization of $185 billion.

Read more from The Washington Post.


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