His mom was a homemaker. Ebbers reported to Oakdale Federal Correctional Institution in Oakdale, Louisiana, on September 26, 2006, driving himself to the prison in his Mercedes-Benz vehicle. . Copyright 2020 WLBT. Bernie was born on August 27, 1941, and was 78 years old at the time of this death. one of Ebbers' daughters submitted a request that her father receive compassionate release from a . "[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? And churches were built black and white because of his financial support, she said. 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. Former WorldCom CEO Bernie Ebbers is requesting to be released from prison early due to health issues. Brookhaven - Bernard "Bernie" J. Ebbers ran in to the arms of Jesus on February 2, 2020, surrounded by his family in Brookhaven, Miss. Bernie's life and how he loved people has left an impact on the lives of all who knew him. 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. Our Standards: The Thomson Reuters Trust Principles. Im the coach. [32] On March 30, 2005, an agreement to extend the statute of limitations on the charges from Oklahoma was signed, allowing Oklahoma prosecutors time to see the results of federal sentencing. He was 78. He thought himself less a micromanager, and more the high school basketball coach he once was. Tap into Getty Images' global scale, data-driven insights, and network of more than 340,000 creators to create content exclusively for your brand. 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.". Bernard Ebbers was 78. Jackson's water bond failure: The REST of the story. The Ebbers family is especially grateful to have been by. Millions of high-quality images, video, and music options are waiting for you. [8] In 1967, he received a Bachelor's degree in physical education, with an academic minor in secondary education, from Mississippi College. Fromproviding tuition and support to studentsto funding mission activities, Bernie made alastingimpact onmany people'slives, often anonymously. By Martin Wolk. The world may hate him but God loves him much more. 29 Counties Have More Opioid Prescriptions Than Re Crimestoppers Offers Reward for Murder Suspect, Swim Coach Tries to Get Indictment Dismissed. Bernie was born on August 27, 1941 and was 78 years old at . 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. Bernie was born on August 27, 1941 and was 78 years old at the time of this death. Kelly arrested for taking pics of Rose Cochran, PERS gets mo' money but funding level falls, Majority black public school districts spend more, waste more, fail more. 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. Collect, curate and comment on your files. "Objective medical findings show that his age and medical condition qualify as extraordinary and compelling reasons for compassionate release," Carner wrote. 2023 CNBC LLC. He was released from the custody of the Bureau of Prisons on December 21, 2019. He will always be remembered by me as a man that stood for what was right all the way to the end. Bernard "Bernie" J. Ebbers ran into the arms of Jesus on February 2, 2020, surrounded by his family in Brookhaven, Miss. 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 . 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. Do you have more to say to him, or to anyone else convicted in the scandal? Joy Ebbers Bourne has said in a sworn declaration that her father has dementia. 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 Ebbers, ex-CEO convicted in WorldCom scandal, dies. Former WorldCom CEO Bernie Ebbers is requesting to be released from prison early due to health issues. Inside the WorldCom Scam: With Stacy Keach, Bernard Ebbers, Alison Heruth-Waterbury, Joseph Medawar. Mar 15, 2005 12:00 AM EST. Access the best of Getty Images with our simple subscription plan. We want to hear from you. James Ebbers, and Stephen Ebbers; and a sister MarionOlthuis. So, ex-WorldCom CEO Bernie Ebbers died on Sunday at age 78. Whom have I in heaven but thee? Dad suffers from severe macular degeneration, cardiomyopathy, significant weight loss, anemia and mental deterioration. In 1968, Ebbers married Linda Pigott and the couple raised three daughters. . 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. 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. Published 9:22 am Thursday, November 14, 2019. He was surrounded by family when he died, according to the statement provided by his daughter, Joy Ebbers Bourne. While the emails should be addressed to Wendy.Olsen@usdoj.gov, they should be directed to Honorable Judge Valerie Caproni. Ebbers was 78. Ebbers was in the middle of a 25-year federal sentence when his daughters began to . Many students from Lincoln county went to college because he paid for it. Judge Caproni will be soon deciding my fathers fate. 2023 Getty Images. 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, the convicted former chief of telecoms company WorldCom, has died Bernie Ebbers, ex-CEO convicted in WorldCom scandal, dies - The San Diego Union-Tribune Ebbers was released from prison in December amid failing health. He and Linda loved basketball and raising their daughters. Amen. . He was born in Temple,, Larry Bryan Barlow, 88, died January 24th at the Mississippi State Veterans Home in Jackson. 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 release from prison. On March 15, 2005, Ebbers was found guilty of all charges. All Rights Reserved. WorldCom's roots stem from a Mississippi telecom company called LDDS where Ebbers was CEO. 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. Organize, control, distribute and measure all of your digital content. 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. Many also wrote in support of release. His lawyers claimed that he was, by the time of his death, legally blind and suffering from dementia, anemia and significant weight loss. Bernie Ebbers was a Canadian-born businessman and former CEO of the telecommunications company WorldCom. The subject line should include: U.S. v. Ebbers, 1:02-cr-01144-VEC. A charismatic businessman who went from Wall Street superstar to untouchable almost overnight, former Worldcom CEO Bernie Ebbers . Get this delivered to your inbox, and more info about our products and services. [4], Dubbed the "Telecom Cowboy," Ebbers often wore boots and blue jeans instead of the typical corporate uniform of a suit and tie. [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. Jan Thurman, director of social services at Kings Daughters Medical Center, sent her letter to Caproni Wednesday. One analyst cited in an early profilein 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. We are especially grateful for the team that helped us secure his release, and particularly Graham Carner, our attorney. The chief financial officer was fired. We will always be grateful for that. [26], In response to a subpoena, Ebbers appeared before the U.S. House Committee on Financial Services on July 8, 2002. He and Linda loved basketball and raising their daughters. He and Linda loved basketball and raising their daughters. When WorldCom, the telecommunications giant, failed and was put into bankruptcy, the U.S. witnessed one of the largest accounting frauds in history. Bernie is preceded in death by his parents, Kathleen Mary and John Tony Ebbers, and grandchildren Baby Easley and Bernie Ellen Gates. Bernard 'Bernie' Ebbers, former CEO of WorldCom, center with his wife Kristie, leaves Federal Court in New York, Wednesday, July 13, 2005 after being. 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. Period. Boards are the best place to save images and video clips. He was 78. With great sadness, but still with gratitude, we announce that Dad died surrounded by his family on February 2, 2020. Leave your feedback. 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. Bernard J. Ebbers leaving federal . Dad ran in to the arms of Jesus tonight, surrounded by his loving family, and not chained to a hospital bed without anyone he knew in the room. An injury before his senior season prevented him from playing his final year and he was instead assigned to coach the junior varsity team. Heencouraged and motivated on a personal level to the benefit of everyone. 1:28. He was a great Man. Sid Salter: Mississippi Coming Full Circle on Unwi New Skilled Pediatric Nursing Facility Coming to UMMC, Presenting the Mississippi State Capitol (Video). A Leopard Can't Change His Spots, Can Jere Nash? Disconnected: Deceit and Betrayal at WorldCom. As part of his departure, his loans were consolidated into a single $408.2 million promissory note. Friends and family areencouraged to dress"Bernie casual.". 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. Castellano said an abdominal ultrasound performed late last month found "no definitively worrisome or sonographically acute findings," but further tests are scheduled next month. In October, Dad experienced a rapid decline and was transferred to a unit with 24-hour nursing care. Bernie Ebbers, convicted WorldCom ex. Ebbers has four children - all of them daughters. 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. Two months later, WorldCom revealed an accounting shortfall and said it would restate some results. his side for the last weeks of his life here on earth. The . The vibrant economy of the late 1990s led to a wave of mergers and acquisitions in industries worldwide. Transcript. He was hospitalized multiple times in November and December, yet there was still no diagnosis or proactive treatment plan. Ebbers was convicted in New York in 2005 on securities fraud and other charges and received a 25-year sentence. Ponzi scheme king Bernie Madoff, who bilked investors out of billions, seeks medical release from prison . I considered myself demanding, he said. Feb. 3, 2020 3:56 am ET. . Im not the point guard who shoots the ball.. 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. [30] On March 2, 2004, federal authorities indicted Ebbers with security fraud and conspiracy charges. [23], The figure eventually grew to $11 billion. The Getty Images design is a trademark of Getty Images. SOROS BUYS FARM; EBBERS GOES TO JAIL. Bernard "Bernie" Ebbers was sent to prison in 2006 after being found guilty of one of the biggest financial frauds of the 20th century. In the book, you describe the last time you spoke to CEO Bernie Ebbers in a Manhattan courthouse during a break in his trial. He was 78. Ebbers has served about 13 years of his 25-year sentence for orchestrating the $11 billion accounting fraud by the defunct telecommunications company. 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 . [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. Ebbers had been in prison since 2006, serving a 25 year sentence. It is imperative she hear from people who know my father, Bourne said. Rest in Peace, your rewards are yours for Eternity!!! He was born to John T. and Kathleen Mary Ebbers. Jackson Free Press (Jackson, MS Alternative Weekly), Harborwalk Thread (Jackson's Latest Boondoggle), Clarion Ledger (Jackson, MS Gannett Newspaper). Bernard Bernie J. Ebbers ran into the arms of Jesus on February 2, 2020, surrounded by his family in Brookhaven, Miss. ", "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. 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