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Bernard Ebbers
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Entrepreneur
    (August 27, 1941- )
    Co-founded WorldCom (1983)
    Former CEO of WorldCom (1985-2002)
    Nicknamed the 'Telcom Cowboy'
    Found guilty of nine felony charges ranging from conspiracy, securities fraud and filing false statements with securities regulators (March 15, 2005)
    Sentenced to 25 years in prison (July 13, 2005)
    He wore boots and blue jeans rather than an appropriate corporate uniform.
    He is a Born Again Christian and pushes his faith onto others.
    He started corporate meetings with prayer.
    Despite his faith, he divorced his first wife to marry someone younger (July 1997).
    At a church event, he told the congregation, 'I just want you to know you aren't going to church with a crook. No one will find me to have knowingly committed fraud .' (2002).
    He repeatedly invoked the Fifth Amendment during Congressional hearings.
    He borrowed over $400 million from his own company.
    His company defrauded investors and manipulated the books.
    Many WorldCom employees lost their life savings when the fraud was discovered.
    He claimed he was unaware of the $12 billion accounting fraud. But yet his associates claimed he so micro-managed that he bitched about minor details like the cost of employee coffee.
    He cited poor health to request a shorter prison term. Although he was healthy enough to do manual labor on his Canadian ranch.
    He owned a yacht but never used it because he was too much of a cheapskate to pay for its use.
    He has huge ears.
    He went from a $1.4 billion fortune to a penniless convicted felon.
    He cried like a little girl when he was sentenced.
    Since rejected wearing the corporate suit and tie, it is much easier for him to wear that orange jumpsuit.
    He donated $100 million to charity.
    He had to let go of most of his personal wealth to settle a civil suit with investors he wronged.
    His trial and conviction serves as a lesson to all aspiring white-collar criminals.

Credit: Captain Howdy


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    In 2005, Out of 589 Votes: 58.91% Annoying
 
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