Company Frauds So Terrible You Won’t Believe They Actually Happened

WorldCom Becomes WoldCon

Chris Hondros/Getty Images

When WorldCom Chief Executive Bernie Ebbers was on trial for billions of dollars of investor fraud in 2002, it was clear he going away for a long time. On trial for reporting false profits so that WorldCom could meet Wall Streets’s estimates and slow the decline of the company stock, Ebbers found it extremely difficult to prove his innocence.

In his closing statements against Ebbers, Assistant U.S. Attorney General William Johnson said, “WorldCom has truly become WorldCon. Bernie Ebbers was… the leader of the con.” Ebbers was ultimately found guilty of all 15 charges and is currently serving a 25-year prison sentence.

Our next company learned revenge is a dish best served… not at all.