Ebbers blamed his subordinates but was convicted of fraud and conspiracy. Our Standards: The Thomson Reuters Trust Principles. Bernie is preceded in death by his parents, Kathleen Mary and John Tony Ebbers, and grandchildren Baby Easley and Bernie Ellen Gates. Visitation, Services for Mrs. Donna Lynne Ratcliff Cupit is 11:00 am, Saturday, February 4, 2023, at Riverwood Family with visitation from, Mr. Tommy Gene Puckett, 68, of Magnolia, MS, died January 28, 2023, in McComb, MS. Bernie Ebbers spent his last night of freedom doing what he loved best - making deals, in this case with titan George Soros, who bought one the biggest . In addition to asking for any tests as to whether Ebbers was malingering, or faking his memory loss, the judge asked for information on Ebbers' rapid weight loss the former bouncer has reportedly withered to around 160 pounds. Bernard John Ebbers (August 27, 1941 February 2, 2020) was a Canadian convicted fraudster, businessman and the co-founder and CEO of WorldCom. Ebbers was convicted by a Manhattan jury in March 2005 for orchestrating the fraud, and was found guilty of securities fraud, conspiracy and other crimes. [49], While CEO of WorldCom, he was a member of the Easthaven Baptist Church in Brookhaven, Mississippi. NEW YORK - MARCH 7: Carly (L) and Kristie (R) Ebbers, the daughter and wife, respectively, of Bernie Ebbers, former chief executive officer of WorldCom, take a break from federal court March 7, 2005 in New York City. Ebbers was released from prison in December amid failing health. [2] In December 2019, Ebbers was released from Federal Medical Center, Fort Worth, due to declining health, having served 13 years of his 25-year sentence, and he died just over a month later. Jackson Free Press (Jackson, MS Alternative Weekly), Harborwalk Thread (Jackson's Latest Boondoggle), Clarion Ledger (Jackson, MS Gannett Newspaper). From 1992 to 1995, LDDS renamed WorldCom in May 1995 bought corporations that expanded its service capabilities. A Celebration of Life service will be held at 6 p.m. on Saturday, February8, 2020, at First Baptist Church of Brookhaven, with visitationfrom 4-6 pm. Bernard John Ebbers was born on Aug. 27, 1941, in Edmonton, Alberta. His faith was overt, and he often started corporate meetings with prayer. Bernard Ebbers was 78. The chief financial officer was fired. [9], In 1983, in a coffee shop in Hattiesburg, Mississippi, he and 3 other investors formed Long Distance Discount Services, Inc. and in 1985, he was named chief executive officer. Emails should be sent to Wendy Olsen, the victim/witness coordinator for the U.S. Attorneys Office for the Southern District of New York. A reporter and a formal federal prosecutor who also . Mark Madoff, one of Bernard Madoff's sons, was found dead of an apparent suicide on Dec. 11, 2010. Many of our friendsand many in our familydid too. Fromproviding tuition and support to studentsto funding mission activities, Bernie made alastingimpact onmany people'slives, often anonymously. [35] On September 6, 2006, the presiding judge ordered him to report to jail on September 26 to start serving his 25-year sentence. The Getty Images design is a trademark of Getty Images. This initiated a series of investigations and legal proceedings, which focused on Ebbers, WorldCom's former CEO. The Ebbers family is seeking letters from friends and family on the prisoners behalf. When WorldCom, the telecommunications giant, failed and was put into bankruptcy, the U.S. witnessed one of the largest accounting frauds in history. But it crashed down in 2002 in an $11 billion accounting fraud, where former employees said Ebbers had urged them to inflate WorldComs financial results to make the company more profitable and please Wall Street analysts. After we have had some time to grieve and heal, we intend to use this experience and our voice to advocate for those like Dad who are deserving of compassionate release to their families. Bernard "Bernie" J. EbbersBrookhaven - Bernard "Bernie" J. Ebbers ran in to the arms of Jesus on February 2, 2020, surrounded by his family in Brookhaven, Miss. Bernie Ebbers, WorldCom Chief Jailed for Fraud, Will Leave Prison Early. [24][25], Ebbers blamed the accounting scandal on his subordinates. Bernard John Ebbers was born on August 27, 1941 in Edmonton, Canada. "In the calls, he was alert, aware and oriented to person, place, time and situation," the psychologist is quoted as saying, adding that Ebbers was asking about his daughter's efforts to get him out of prison. We were confident in our case, believing Dads situation was just what Congress had intended when they changed the compassionate release laws in the First Step Act. He was ousted in April 2002 amid unhappiness over more than $400 million he reportedly owed. Bernard "Bernie"J. Ebbersran into the arms of Jesuson February 2, 2020, surrounded by his family in Brookhaven, Miss. His physical and mental conditions make it where he cannot function or provide self-care in prison, she said. RIP dear friend B E. Bernie Ebbers was a Man that i will always remember as a person that God could use in ways that only He was equipped to handle. NEW YORK (CNN/Money) - Ex-WorldCom chief executive Bernard Ebbers was sentenced Wednesday to 25 years in prison for his role in orchestrating the biggest corporate fraud in the nation's history . Brookhaven - Bernard "Bernie" J. Forbes, July 6, 1998. Dad suffers from severe macular degeneration, cardiomyopathy, significant weight loss, anemia and mental deterioration. After the settlement, Ebbers's wife was left with an estimated $50,000 in known assets. Additional information on survivors was not immediately available. Did Supremes Make Judicial Elections Partisan? In July 2019, one of Ebbers' daughters submitted a request that her father receive compassionate release from a federal prison medical facility in Fort Worth, Texas. Published 9:22 am Thursday, November 14, 2019. Former WorldCom CEO Bernard Ebbers was sentenced Wednesday to 25 years in prison, imposing what could be a life sentence on the executive held accountable for WorldCom's historic collapse into . Feb 3 - Bernard Ebbers, who built WorldCom Inc into a telecommunications giant and was convicted in one of the largest U.S. accounting scandals, died on Sunday, his family said in a statement. The World hated him in many ways, But the Love of God shown through him, IN SPITE of all the bad things that he had to endure. With good behavior, he is scheduled for release in 2028. RIP dear friend B E. Bernie Ebbers was a Man that i will always remember as a person that God could use in ways that only He was equipped to handle. [26], In response to a subpoena, Ebbers appeared before the U.S. House Committee on Financial Services on July 8, 2002. Ebbers was the former chief of telecoms company WorldCom, which was based in Mississippi before its collapse. Many also wrote in support of release. 29 Counties Have More Opioid Prescriptions Than Re Crimestoppers Offers Reward for Murder Suspect, Swim Coach Tries to Get Indictment Dismissed. And churches were built black and white because of his financial support, she said. As a high-profile member of the congregation, Ebbers regularly taught Sunday school and attended the morning church service with his family. Bernie was born on August 27, 1941, and was 78 years old at the time of this death. We are especially grateful for the team that helped us secure his release, and particularly Graham Carner, our attorney. Ponzi scheme king Bernie Madoff, who bilked investors out of billions, seeks medical release from prison . Visitation is from, Services for Mrs. Viola Lea Wilson will be held at Pleasant Hill Baptist Church Sunday, February 19, 2023 at 2:00, Christopher Lamar Williams, 37, died February 5, 2023. When my sisters and I began our efforts to see our father released from prison, we watched as a 64, 220-pound man continued to lose weight without explanation and his physical and mental condition deteriorated. He was born to John T. and Kathleen Mary Ebbers. In July 2019, one of Ebbers' daughters submitted a request that her father receive compassionate release from a federal prison medical facility in Fort Worth, Texas. Ebbers was allowed to remain free for another year while his appeal was being considered. Bernie Ebbers was a Canadian-born businessman and former CEO of the telecommunications company WorldCom. Cambodian Child Comes to UMMC for Surgery. I sometimes said things I shouldnt have said, maybe.. He was born in Temple,, Larry Bryan Barlow, 88, died January 24th at the Mississippi State Veterans Home in Jackson. Bloggerized by Zona Cerebral and GirlyBlogger, Mayhem & Destruction in Brandon (Updated), Jackson interest-rate swaps/refinance of bonds, Monday Morning Edition of Friday Night Fights, Insurance Commissioner: Be Careful w/ Fireworks. [14], Between September 2000 and April 2002, the board of directors of Worldcom authorized several loans and loan guarantees to Ebbers so that he would not have to sell his Worldcom shares to meet margin calls as the share price plummeted during the bursting of the dot-com bubble. Even Barbara Jones, the federal judge who imposed Ebbers prison sentence, thought early release was appropriate. Brookhaven - Bernard "Bernie" J. Ebbers ran in to the arms of Jesus on February 2, 2020, surrounded by his family in Brookhaven, Miss. WorldCom had about $103.8 billion of assets when it filed for Chapter 11 protection from creditors in July 2002, making its bankruptcy the largest in U.S. corporate history. Bernard Ebbers, who built WorldCom Inc into a telecommunications giant and was convicted in one of the largest U.S. accounting scandals, died on Sunday, his family said in a statement. James Ebbers, and Stephen Ebbers; and a sister MarionOlthuis. Collect, curate and comment on your files. ", "Worldcom to Buy MFS for $12 Billion, Creating a Phone Giant", "WorldCom quarterly report for the quarter ended March 31, 2002", "Worldcom, Inc. 2002 Form 10-K Annual Report", "Top 10 CEO Scandals: Bernie Ebbers, WorldCom", "Bernie Ebbers Wants To Reach Out And Touch Everyone", "Ex-WorldCom CEO Ebbers wants sentence commuted", "Ebbers' luck runs out in sweeping victory for feds", "Bernard Ebbers, WorldCom CEO convicted in historic fraud scandal, dies at 78", "U.S. charges ex-Worldcom CEO Bernard Ebbers", "Ebbers signs agreement on Oklahoma charges", "Ebbers signs agreement with Oklahoma AG", "Appeals court upholds Ebbers conviction", "What life will be like for Ebbers behind bars", "Bernard Ebbers Reports to Prison in Louisiana", "WorldCom investors to get $6bn and Ebbers's house", "Convicted former WorldCom CEO Ebbers dead at 78", "Bernie Ebbers, WorldCom fraudster, dead at 78", "Ebbers' high-risk act came crashing down on him", "Many Mississippians Continue To Support WorldCom's Ebbers", "President Bush to Announce Several Individuals to Serve in his Administration", White House Office of the Press Secretary, https://en.wikipedia.org/w/index.php?title=Bernard_Ebbers&oldid=1138543435, Mississippi Business Hall of Fame (May 1995), This page was last edited on 10 February 2023, at 07:02. [12][13] In July 2000, it abandoned its planned $115 billion acquisition of Sprint Corporation after U.S. and European Union antitrust regulators raised objections. The Ebbers family released a statement thanking Judge Valerie Caproni, as they got to spend Bernies final days with him: On behalf of the Ebbers family, I want to express our sincere gratitude to Judge Valerie Caproni for her truly compassionate decision to release Dad from prison in December. . My family is asking for our friends to email in support of my fathers release. Bernie began as a coachand took that approach inevery aspect of life. That title is now held by Lehman Brothers bankruptcy in 2008. Supervisor votes on projects next to land he owns, Rest of the story about Crisler's shooting, Democrats' Plans for Controlling the Media, Incest in Dixie: Mississippi Legal Profession, Domestic Violence & Divorce in Mississippi. Hes a good hearted man that needs to be cared for by his family., Bourne said in a recent email sent to close acquaintances that her father is a non-violent first offender who poses no threat to the safety of any person or the community and asked that they email letters of support to U.S. District Court Judge Valerie Caproni, who is considering an early release for Ebbers. Ebbers' daughter Joy has sworn in a declaration that her . Amen. [23], The figure eventually grew to $11 billion. Bernie was born on August 27, 1941, and was 78 years old at the time of this death. "It is commonly known that people suffering from dementia (which can have many forms) can experience symptom fluctuation (i.e., 'good days and bad days')," Carner wrote. Bernard Ebbers, who built WorldCom Inc into a telecommunications giant and was convicted in one of the largest U.S. accounting scandals, died on Sunday, his family said in a statement. Bernie Ebbers, convicted WorldCom ex. [24], When the allegations of conspiracy and fraud were first brought to light in 2002, Ebbers addressed the congregation and insisted on his innocence. My family and I continue to pray for everyone affected by the fall of WorldCom. Visitation is from 4-8, The funeral service for Kenneth Alva Berry will be 11 a.m., Thursday, February 23, 2023, at Central Baptist church, with, Memorial services for Mr. Alexander Dean King of McComb are 11 a.m. Saturday, February 25, 2023, at Riverwood Family with, The funeral service for Robert Lee Hadley, Jr. will be 2 p.m., Friday, February 24, at Riverwood Family with interment, Service will be 4:00 pm Tuesday February 21, at Riverwood Family and visitation from 3:00 until the time of the, The funeral service for L.J. Sid Salter: Mississippi Coming Full Circle on Unwi New Skilled Pediatric Nursing Facility Coming to UMMC, Presenting the Mississippi State Capitol (Video). The world may hate him but God loves him much more. [8] In 1967, he received a Bachelor's degree in physical education, with an academic minor in secondary education, from Mississippi College. [36][37] Ebbers served in the low-security portion of the complex, which typically houses non-violent offenders and is built like a school dormitory. Court papers say a Bureau of Prisons official denied . Federal prosecutors in New York oppose Ebbers' request, however, suggesting the 78-year-old may not be in as bad shape as his court filings indicate. Ebbers, 78, is locked up in a federal medical facility in Fort Worth, Texas, and has served more than half of a 25-year sentence. He was 78. Thirteen years of incarceration - up to the point of approaching death - is not a slap on the wrist, Caproni wrote last month. Copyright 2020 WLBT. Bernie invested in people's livesandthefingerprintsofhischaritycontinue to enduretodayonmany. The former Brookhaven billionaire and WorldCom chief executive officer was convicted in 2005 on nine counts of conspiracy, securities fraud and making false regulatory filings after he was accused of orchestrating an $11 billion accounting fraud to try to cover it up, according to a Time article that named him last in a Top 10 Crooked CEOs list. These are Ave Titis Easley, Faith Ann Ebbers, Treasure Ebbers Beeson, and Joy Ebbers Bourne. [5][6], Ebbers was born in Edmonton, Alberta, the second of five children of Kathleen and John Ebbers, a traveling salesman. Do you have more to say to him, or to anyone else convicted in the scandal? . In a response filed in court Tuesday, Ebbers attorney Graham Carner said the alleged discrepancies can be explained by factors that have nothing to do with fakery. Ebbers was released from prison in December amid failing health. The subject line should include: U.S. v. Ebbers, 1:02-cr-01144-VEC. Testifying in his own defense at his trial, a relatively rare move in a high-profile white-collar case, Ebbers invoked his coaching past to describe his management style. Kimberly Unger / Security Traders Association of New York via AP, file. [9], Ebbers began his business career operating a chain of motels in Mississippi. (Photo by Angela Jimenez/Getty Images). Growing to over 80,000 employees through multiple acquisitions of other telecom businesses, WorldCom became the overwhelming industry . Transcript. His daughter, Joy Ebbers Bourne, of Madison, is leading the charge for his early release based on reform to Compassionate Release laws, which was included in the First Step Act signed by President Donald Trump last year. Bernie Ebbers turned WorldCom into the nation's second largest long distance telecommunications company through a series of rapid acquisitions that left it heavily in the red. Additionally, a number of directors believed Ebbers had not charted a way forward after the Sprint merger collapsed. "No one will find me to have knowingly committed fraud. Bernie Ebbers August 27, 1941 - February 2, 2020. . WorldCom Inc. collapsed and went . Ebbers, 78, is locked up in a federal medical facility in Fort Worth, Texas, and has served more than half of a 25-year sentence. Finally, we will forever be thankful for the compassion and courage shown by Judge Valerie Caproni in releasing Dad to us. He is currently on his 13th year of a 25-year prison sentence. Tap into Getty Images' global scale, data-driven insights, and network of more than 340,000 creators to create content exclusively for your brand. Bernie Ebbers was many things to many people, but the greatest role he ever had was being a father to his girls. Boards are the best place to save images and video clips. Ebbers's statement constituted testimony that could not undergo cross-examination and Ebbers was threatened with Contempt of Congress charges, although no charges were filed. So So Sad to hear about the death of my long time friend Bernie Ebbers (May His soul Rest In Peace. Bernie's life and how he loved people has left an impact on the lives of all who knew him. On April 26, Worldcom's board voted unanimously to demand that Ebbers resign, which he formally did on April 30, 2002. His death wasn't a complete shock; I saw recently that he was in ill health and was granted an early release from prison after serving 13 years of his 25-year sentence for securities fraud, conspiracy, and filing false reports with regulators.. My mom used to work for MCI, which eventually became WorldCom, in the mid-1990s until she . He and Linda loved basketball and raising their daughters. Judge Caproni will be soon deciding my fathers fate. Bernie was born on Aug. 27, 1941, and was 78 years old at the time of this death. He was a great Man. A Division of NBCUniversal. Ebbers filed for divorce in July 1997 and married his second wife, Kristie Webb, in the spring of 1999. He was 78 . Carner noted that Ebbers has suffered multiple falls, and that according to the medical report, he weighed just 148 pounds last week, down from 200 pounds in July. His cognitive skills had slid well below the level suggesting dementia. In July 2019, one of Ebbers' daughters submitted a request that her father receive compassionate release from a federal prison medical facility in Fort Worth, Texas. The former chief of WorldCom, convicted in one of the largest corporate accounting scandals in U.S. history, died just over a month after his early . Bernie never stopped teaching others about the Lord, leading his family, and spreading the love of Christ, no matter his circumstances. NEW YORK -- A former top executive sentenced to 25 years in prison in one of the largest corporate accounting scandals in U.S. history was ordered freed from prison Wednesday for . Mar 15, 2005 12:00 AM EST. His family moved to California during the 1940s. In a letter Monday to U.S. District Judge Valerie Caproni, Assistant U.S. Attorney Gina Castellano cites a note from a prison psychologist who listened in on phone calls between Ebbers and his daughter in recent weeks. A Celebration of Life service will be held at 6 p.m. on Saturday, February8, 2020, at First Baptist Church of Brookhaven, with visitationfrom 4-6 pm. Elizabeth Bourne; Emma Gates, Lillie Gates, Ruth Ellen Gates, Mary Michael Gates; great-grandson Elliott Bernard Stewart;brothers John Ebbers. He and Linda loved basketball and raising their daughters. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. At these hearings, Ebbers stated "I do not believe I have anything to hide, I believe that no one will conclude that I engaged in any criminal or fraudulent conduct. and there is none upon earth that I desire beside thee. I love Bernie Ebbers. His father was a sales rep and a repairman. "Objective medical findings show that his age and medical condition qualify as extraordinary and compelling reasons for compassionate release," Carner wrote. [42][43], At his peak in early 1999, Ebbers was worth an estimated $1.4 billion and listed as 174th on the Forbes 400. He was a great Man. The response, which notes that cognitive issues have not been the focus of Ebbers' legal motion, cites other parts of his medical records that Carner says demonstrate Ebbers "has a substantially diminished ability to provide self-care in prison.". Ebbers taught her Sunday school class at First Baptist Church Brookhaven. Skillings term was later shortened, and he and Rigas have been released. However, the BOP had no diagnosis or treatment plan in place. Ebbers has four children - all of them daughters. [24][31] On May 25, 2004, federal prosecutors increased the list of charges to 9 felonies: 1 count each of conspiracy and securities fraud, and 7 counts of filing false statements with securities regulators. Madison Sheriff Searching for Missing Domino's Emp Bill Crawford: Money Talks in Mississippi Politics. Period. The world may hate him but God loves him much more. With his former company on the brink, Ebbers reportedly appeared on June 30, 2002, at the Easthaven Baptist Church in Brookhaven, Mississippi, where he attended services and taught Sunday school. Bernie was born on August 27, 1941 and was 78 years old at the time of this death. Bernie invested in people's lives and the fingerprints of his charity continue to endure today on many. Court papers say a Bureau of Prisons official . Here's what he said, See which bills survived the latest deadline in the Mississippi Leg, How Tolu Smith, students in banana costumes helped Chris Jans, MSU basketball, Calvary Baptist Church will not appeal, Saddleback Church doubles down, When is ALDI opening in Hattiesburg? She filed for divorce on April 16, 2008, less than two years after he entered prison. Ebbers remained on the prowl, announcing a $129 billion merger with Sprint Corp in October 1999, only to have regulators block that tie-up. Access the best of Getty Images with our simple subscription plan. Ebbers had been in prison since 2006, serving a 25 year sentence. Over the last eight to 10 months, his health has been rapidly declining, resulting in his recent relocation to a medical hospital unit. According to a 2009 Time article, Ebbers turned WorldCom into the nations second-largest long distance telecommunications company through a series of rapid acquisitions that left it heavily in the red. Caproni, who serves in theSouthern District of New York the same court that had convicted Ebbers in 2005 is soliciting input from investors, former employees and anyone affected by the fall of WorldCom. The US Attorneys office in New York then opposed our Motion for compassionate release, stating that the BOP had the ability to care for Dad. 2023 CNBC LLC. and they participated in mission work for years. Judge Denise Cote of the United States District Court for the Southern District of New York ordered the parties in the lawsuit to negotiate. Facebook; . His health had been rapidly deteriorating before a federal judge granted him a compassionate release from prison in . WorldCom's roots stem from a Mississippi telecom company called LDDS where Ebbers was CEO. He became CEO two years later, and the company changed its name to WorldCom in 1995. In October, Dad experienced a rapid decline and was transferred to a unit with 24-hour nursing care. One analyst cited in an early profile in the late nineties said Bernie Ebbers was "the telephone equivalent of Bill . We want to hear from you. Heencouraged and motivated on a personal level to the benefit of everyone. Scott [Sullivan] is still in prison, of course. In July 2019, one of Ebbers' daughters submitted a request that her father receive compassionate release from a federal prison medical facility in Fort Worth, Texas. Court papers say a Bureau of Prisons official . and they participated in mission work for years. Bernie Ebbers was sacrificed unjustly so politicos could grab a few headlines. We could get no answers from the medical staff. Bernard Ebbers, the former WorldCom Inc. chief executive who spent more than 13 years in prison for participating in one of the largest accounting frauds in U.S . But as the global technology and telecommunications bubble began to burst, Ebbers became financially strained from margin calls, leading him to borrow heavily from WorldCom. 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