A Division of NBCUniversal. Bernard John Ebbers was born on Aug. 27, 1941, in Edmonton, Alberta. Former WorldCom CEO Bernie Ebbers is requesting to be released from prison early due to health issues. 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. Ebbers reported to Oakdale Federal Correctional Institution in Oakdale, Louisiana, on September 26, 2006, driving himself to the prison in his Mercedes-Benz vehicle. Ebbers health was in decline by the time he sought early release from prison under a federal law allowing some older prisons to obtain freedom sooner. The Canadian-born former telecommunications executive died Sunday in Brookhaven, Miss., surrounded by his family, according to a family statement. 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. Bernie Ebbers was a Canadian-born businessman and former CEO of the telecommunications company WorldCom. Period. Many also wrote in support of release. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. JACKSON, Miss. On September 5, 2019, Ebbers filed a motion with the . While the emails should be addressed to Wendy.Olsen@usdoj.gov, they should be directed to Honorable Judge Valerie Caproni. An injury before his senior season prevented him from playing his final year and he was instead assigned to coach the junior varsity team. >>. He wound up accepting a basketball . The company acquired over 60 telecommunications firms and in 1995, it changed its name to WorldCom. On March 15, 2005, Ebbers was found guilty of all charges. Bernie is preceded in death by his parents, Kathleen Mary and John Tony Ebbers, and grandchildren Baby Easley and Bernie Ellen Gates. 1:28. The vibrant economy of the late 1990s led to a wave of mergers and acquisitions in industries worldwide. He became CEO two years later, and the company changed its name to WorldCom in 1995. Afterward, Bernie attended a boarding school on a Navajo reservation. 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. Meanwhile the real bad guy who caused the loss of billions got a few months at an Air Force base. Grow your brand authentically by sharing brand content with the internets creators. [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. Known as Bernie, the bearded, twice-divorced Ebbers spent nearly two decades transforming a small Mississippi company once known as Long Distance Discount Service into WorldCom through a slew of acquisitions, including the $37 billion takeover of the much larger MCI Communications in 1998. His father was a sales rep and a repairman. His daughter, in a court filing, said he was "experiencing full-blown dementia.". "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. He later moved to California and New Mexico, and then back to Canada, before obtaining a physical education degree in 1967 from Mississippi College, where the 6-foot-4 (1.93-meter) Ebbers had a basketball scholarship. With good behavior, he is scheduled for release in 2028. Bernie began as a coachand took that approach inevery aspect of life. 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. Bernie was born on August 27, 1941 and He and Linda loved basketball and raising their daughters. Dad suffers from severe macular degeneration, cardiomyopathy, significant weight loss, anemia and mental deterioration. 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. Bernie Ebbers former CEO of Worldcom leaves Manhattan Federal Court accompanied by his wife Kristie and some of his daughters as the jury plans to. Over the last eight to 10 months, his health has been rapidly declining, resulting in his recent relocation to a medical hospital unit. He is survived by Linda Ebbers, daughters Ave Easley David , Treasure Ebbers Beeson Dwayne , Joy Ebbers Bourne, Faith Ebbers Gates Michael ; grandchildren Nathanael Easley, Rachel Easley, Gabryelle Easley; Jordan Beeson Stewart Jacob . A charismatic businessman who went from Wall Street superstar to untouchable almost overnight, former Worldcom CEO Bernie Ebbers . [38], On October 11, 2002, WorldCom investors brought a class action civil lawsuit against Ebbers and other defendants, alleging injuries as a result of Ebbers's securities fraud violations. "[9][50], Last edited on 10 February 2023, at 07:02, Federal Correctional Institution, Fort Worth, U.S. House Committee on Financial Services, Fifth Amendment to the United States Constitution, United States District Court for the Southern District of New York, U.S. Court of Appeals for the Second Circuit, "WorldCom's Bernard Ebbers Wins Early Release From Prison", "Ebbers Sentenced to 25 Years in Prison for $11 Billion Fraud", "Portfolio's Worst American CEOs of All Time", "Ex-WorldCom CEO Bernard Ebbers, 'telecom cowboy' sentenced to 25 years in accounting fraud, dies at 78", "Bernie Ebbers, a 19th century-style tech tycoon? His punishment was more severe than those imposed on two other chief executives from big corporate scandals in the same period, a 24-year prison term for Enrons Jeffrey Skilling and a 15-year term for Adelphia Communications John Rigas. Bernie was born on Aug. 27, 1941, and was 78 years old at the time of this death. In lieu of flowers, please consider giving to Casa de FE via Hope Extended. 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. In turn, he has been rewarded for his success. one of Ebbers' daughters submitted a request that her father receive compassionate release from a . Assuming credit for good conduct while incarcerated, Ebbers has an anticipated release date of approximately July 4, 2028. . Jackson's water bond failure: The REST of the story. His lawyers claimed that he was, by the time of his death, legally blind and suffering from dementia, anemia and significant weight loss. 2023 Getty Images. Elizabeth Bourne; Emma Gates, Lillie Gates, Ruth Ellen Gates, Mary Michael Gates; great-grandson Elliott Bernard Stewart;brothers John Ebbers. SOROS BUYS FARM; EBBERS GOES TO JAIL. Friends and family areencouraged to dress"Bernie casual.". 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. In 2002, the Mississippi-based company admitted to improperly reporting $3.8 billion in expenses, prompting Justice Department to open a criminal investigation into its . [33][34], On July 13, 2005, federal judge Barbara S. Jones, of the United States District Court for the Southern District of New York, sentenced Ebbers to 25 years in a federal prison in Louisiana. Tap into Getty Images' global scale, data-driven insights, and network of more than 340,000 creators to create content exclusively for your brand. 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. We want to hear from you. Emails should be sent to Wendy Olsen, the victim/witness coordinator for the U.S. Attorneys Office for the Southern District of New York. 0:00. I know many of the victims of WorldCom opposed Dads release. Castellano said an abdominal ultrasound performed late last month found "no definitively worrisome or sonographically acute findings," but further tests are scheduled next month. Whom have I in heaven but thee? The world may hate him but God loves him much more. Ebbers was released from prison in December amid failing health. Reporting by Jonathan Stempel in New York; Additional Reporting by Mekhla Raina in Bengaluru; Editing by Kim Coghill and Jonathan Oatis. 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? Get this delivered to your inbox, and more info about our products and services. She filed for divorce on April 16, 2008, less than two years after he entered prison. 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. American Greed investigates one of the most notorious cases of corporate fraud in US history: the rise and fraud of WorldCom. I dont know about technology and I dont know about finance and accounting, he said, according to the New York Times. Federal prosecutors say 78-year-old former WorldCom CEO Bernie Ebbers may not be in as bad physical shape as indicated in court filings seeking his early release from prison due to health concerns. He was surrounded by family when he died, according to the statement provided by his daughter, Joy Ebbers Bourne. [4], Dubbed the "Telecom Cowboy," Ebbers often wore boots and blue jeans instead of the typical corporate uniform of a suit and tie. Sign up for free newsletters and get more CNBC delivered to your inbox. 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 weight fell to 142 pounds (64 kg) in December 2019 from 200 pounds (91 kg) in July 2018, the court papers show. Elizabeth Bourne; Emma Gates, Lillie Gates, Ruth Ellen Gates, Mary Michael Gates; great-grandson Elliott Bernard Stewart;brothers John Ebbers. 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. He was a great Man. Bernie Ebbers' early release from prison should be noted by corporate boards not simply as a generous and empathic exercise of judicial discretion. Even Barbara Jones, the federal judge who imposed Ebbers prison sentence, thought early release was appropriate. A jury finished its second day of deliberations in his criminal accounting fraud trial. In lieu of flowers, please consider giving to Casa de FE via Hope Extended. He reportedly told the congregation that no one would find he had knowingly committed fraud, and assured them that you arent going to church with a crook.. Joy Ebbers Bourne has said in a sworn declaration that her father has dementia. 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 denied he was at fault, saying it was subordinates who had concealed WorldComs skyrocketing costs. One analyst cited in an early profile in the late nineties said Bernie Ebbers was "the telephone equivalent of Bill . According to court papers, Ebbers had become legally blind, had fallen several times, was easily disoriented, and needed help to walk, eat and groom himself. 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. Ebbers health had been rapidly deteriorating before a federal judge granted him a compassionate release from prison in December, after he had served a little over 13 years of a 25-year sentence. Bernie Ebbers was sacrificed unjustly so politicos could grab a few headlines. He was convicted of securities fraud and other charges for his role in one of the largest corporate accounting scandals in U.S. history in 2005. However, the BOP had no diagnosis or treatment plan in place. 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. 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. Bernard "Bernie" Ebbers Bernard "Bernie" Ebbers WorldCom E. Stanley Kroenke E. Stanley Kroenke Kroenke, described by MCI in the press release as "a nationally known businessman with numerous real . It is imperative she hear from people who know my father, Bourne said. Brookhaven - Bernard "Bernie" J. Ebbers ran in to the arms of Jesus on February 2, 2020, surrounded by his family in Brookhaven, Miss. WorldCom's roots stem from a Mississippi telecom company called LDDS where Ebbers was CEO. James Ebbers, and Stephen Ebbers; and a sister MarionOlthuis. 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 . He and Linda loved basketball and raising their daughters. His family moved to California during the 1940s. Bernie is preceded in death by his parents, Kathleen Mary and John Tony Ebbers . Cambodian Child Comes to UMMC for Surgery. Ebbers agreed to relinquish almost all of his assets, including a home in Mississippi, and his interests in a lumber company, a marina, a golf course, a hotel, and thousands of acres of forested real estate. Ebbers was released from prison in December amid failing health. Former WorldCom CEO Bernard Ebbers was convicted of conspiracy and fraud Tuesday. Bernard Bernie J. Ebbers ran into the arms of Jesus on February 2, 2020, surrounded by his family in Brookhaven, Miss. Access the best of Getty Images with our simple subscription plan. Bernie Ebbers is currently serving his prison sentence in Oakdale Federal Correctional Institution, a prison located in Louisiana. He was born to John T. and Kathleen Mary Ebbers. On July 13, 2005, defendant Bernard J. Ebbers was sentenced to a term of imprisonment of 25 years. So So Sad to hear about the death of my long time friend Bernie Ebbers (May His soul Rest In Peace. Amen. We ask that the familys privacy be respected at this time, and we covet your prayers. "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. "[9], After making this statement, Ebbers asserted his right against self-incrimination per the Fifth Amendment to the United States Constitution. Jackson Free Press (Jackson, MS Alternative Weekly), Harborwalk Thread (Jackson's Latest Boondoggle), Clarion Ledger (Jackson, MS Gannett Newspaper). 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. The Getty Images design is a trademark of Getty Images. [47], In 1997, he became the chair for Mississippi College's New Dawn Campaign, a $100 million fundraising campaign to improve campus facilities. One analyst cited in an early profile in the late nineties said Bernie Ebbers was "the telephone equivalent of Bill Gates." . He is currently on his 13th year of a 25-year prison sentence. Bernie never stopped teaching others about the Lord, leading his family, and spreading the love of Christ, no matter his circumstances. . After the settlement, Ebbers's wife was left with an estimated $50,000 in known assets. Published 9:22 am Thursday, November 14, 2019. James Ebbers, and Stephen Ebbers; and a sister MarionOlthuis. 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. Lehmans Richard Fuld ranked first. 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 . Ebbers qualifies due to his age, time served and his current medical condition. 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. Bernie was born on August 27, 1941, and was 78 years old at the time of this death. Bernard "Bernie" Ebbers was sent to prison in 2006 after being found guilty of one of the biggest financial frauds of the 20th century. one of Ebbers' daughters submitted a request that her father receive compassionate release from a federal . 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. The Getty Images design is a trademark of Getty Images. Ebbers was 78. Over the past few years, Dad has faced several serious medical issues while in prison, she wrote. his side for the last weeks of his life here on earth. 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. Many students from Lincoln county went to college because he paid for it. We've narrowed down a timeframe, Medical marijuana in Mississippi is new and growing like a weed, Kermit Davis was SEC's top in-game coach for Ole Miss, peer says, Picayune upsets Provine 60-49 to advance to state title basketball game, MHSAA 5A boys Provine v. Picayune: Our best photos, Your California Privacy Rights/Privacy Policy. He also lived on a farm and loved to drive a tractor. Bernard "Bernie" J. Ebbers ran in to the arms of Jesus on Feb. 2, 2020, surrounded by his family in Brookhaven. 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. Leave your feedback. Ebbers became a businessman, and had amassed a small chain of motels by 1983, when he and other entrepreneurs came up with the idea for LDDS. Bernie Ebbers was many things to many people, but the greatest role he ever had was being a father to his girls. [49], While CEO of WorldCom, he was a member of the Easthaven Baptist Church in Brookhaven, Mississippi. 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 . Im not the point guard who shoots the ball.. . "Objective medical findings show that his age and medical condition qualify as extraordinary and compelling reasons for compassionate release," Carner wrote. Bernard John Ebbers was born on August 27, 1941 in Edmonton, Canada. My family and I continue to pray for everyone affected by the fall of WorldCom. Transcript. and they participated in mission work for years. Collect, curate and comment on your files. The subject line should include: U.S. v. Ebbers, 1:02-cr-01144-VEC. U.S. District Judge Valerie Caproni, who took over the case after Jones entered private practice, concluded that society had no reason to fear Ebbers would resume fashioning fraudulent securities schemes or pose any threat if he were released. Let's all Venmo Bernie's daughter and request our money he and his cohorts owe us. He was granted early release after serving 12 years in December 2019, due to health problems. Bernard John Ebbers (August 27, 1941 February 2, 2020) was a Canadian convicted fraudster, businessman and the co-founder and CEO of WorldCom. [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. The line of questioning and Ebbers's testimony painted a picture of a hard-working former jock and basketball coach, a man who had struggled in college, worked many odd jobs, adopted children, and . 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. In the book, you describe the last time you spoke to CEO Bernie Ebbers in a Manhattan courthouse during a break in his trial. [18], On June 25, 2002, WorldCom admitted to nearly $3.9 billion in accounting misstatements and on July 22, 2002, it filed for bankruptcy. [30] On March 2, 2004, federal authorities indicted Ebbers with security fraud and conspiracy charges. Bourne asked that letter writers not complain about the trial or the sentence, but focus only on bringing him home because of his age and poor health. His cognitive skills had slid well below the level suggesting dementia. Caproni, who serves in the, Mississippis Mayo Lab working to combat student mental health crisis, It isnt a leap year, but $272,000 lottery win had Mississippi ticket holder jumping for joy on last day of February, Three inmates slip out of handcuffs at Mississippi truck stop, back in custody after overnight manhunt, Drug round nets six arrests for Mississippi narcotics agents Friday. Of far more importance, it is a reminder of the lessons learned relating to the board's role in assuring a corporate culture in which the internal legal function is respected, influential and . 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. [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. Jackson State football player Kaseem Vauls stable after cardiac event, Deion Sanders wants Colorado band to adopt HBCU, Sonic Boom flavor, Obama chose Jackson as one of 3 cities to launch new program, MHSAA basketball: Germantown vs. Harrison Central in photos, Hunter Elliott injury: Mike Bianco gives latest on Ole Miss baseball ace, Texas signee Madison Booker leads Germantown to state final, Ole Miss baseball salvages split with Louisiana Tech thanks to rain rule, MS authorities investigating inmate's death in Yazoo County jail, Super Bowl champion Willie Gay Jr. returned to Sturgis. Between schools, he worked as a milkman and bouncer. He was a great Man. Brookhaven - Bernard "Bernie" J. Ebbers ran in to the arms of Jesus on February 2, 2020, surrounded by his family in Brookhaven, Miss. Copyright 2020 WLBT. A reporter and a formal federal prosecutor who also . He and Linda loved basketball and raising their daughters. 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 real story of WorldCom begins and ends in small-town Mississippi, where in little more than a decade a gym teacher named Bernie Ebbers took a tiny company and turned it into a telecom empire. Editorial: The airport belongs to Jackson. Grow your brand authentically by sharing brand content with the internets creators. and there is none upon earth that I desire beside thee. That made Ebbers company a rival for AT&T, Verizon and other long-distance carriers, and made Ebbers a billionaire. And churches were built black and white because of his financial support, she said. Bernie was born on August 27, 1941 and was 78 years old at . 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. 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. The case of Bernie Ebbers has shed further light on the increasingly criminal character of the practices of corporate America, which finds its concentrated political expression in the Bush . When we arrived at the federal courthouse on December 18, we learned Dad had once again been admitted to the hospital. Bernie invested in people's lives and the fingerprints of his charity continue to endure today on many. Jan Thurman, director of social services at Kings Daughters Medical Center, sent her letter to Caproni Wednesday. 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. Additional information on survivors was not immediately available. >>, The funeral service for Mrs. Delores Delrio Greer will be 11 a.m. Tuesday, February 28, at Riverwood Family, with interment, The funeral service for Thomas Ray Case will be 11 a.m., Thursday, March 2, 2023, at Riverwood Family, with interment, Angela Hope Wooley Letchworth, 41, passed away unexpectedly on the evening of Monday, February 13, 2023. . Inside the WorldCom Scam: With Stacy Keach, Bernard Ebbers, Alison Heruth-Waterbury, Joseph Medawar. We could get no answers from the medical staff. 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. . and they participated in mission work for years. 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. When we arrived at the time of this death a wave of mergers and in... Images design is a trademark of Getty Images with our simple subscription plan I dont know finance. Fraud Tuesday WorldCom Scam: with Stacy Keach, bernard Ebbers was & ;. Sales rep and a formal federal prosecutor who also the WorldCom Scam: with Stacy Keach bernard. Assuming credit for good conduct while incarcerated, Ebbers was found guilty of all charges in his criminal accounting trial. Authorities indicted Ebbers with security fraud and conspiracy charges authentically by sharing brand content with the internets.. 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