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Ebbers Indicted in WorldCom Case

Carrier Hotels Staff Posted Mar 2, 2004

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Bernard Ebbers, former CEO of WorldCom Inc.— now doing business as MCI— was indicted today for conspiracy and securities fraud for his alleged role in inflating the value of the company's stock in light of its weakening financial condition. The charges came shortly after the company's former chief financial officer, Scott Sullivan, pleaded guilty to related criminal charges.
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