Email Article. Finally, we will forever be thankful for the compassion and courage shown by Judge Valerie Caproni in releasing Dad to us. 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? 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. The Canadian-born former telecommunications executive died Sunday in Brookhaven, Miss., surrounded by his family, according to a family statement. 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. He is survived by Linda Ebbers, daughters Ave Easley (David), Treasure Ebbers Beeson (Dwayne), Joy Ebbers Bourne, Faith . He will always be remembered by me as a man that stood for what was right all the way to the end. 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,GabryelleEasley; Jordan Beeson Stewart (Jacob), Jonathan Beeson, Juliana Beeson; Truett Bourne. Bernie Ebbers was many things to many people, but the greatest role he ever had was being a father to his girls. Judge Caproni will be soon deciding my fathers fate. 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. Streamline your workflow with our best-in-class digital asset management system. 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. Buddy Hamilton, Jr. will be 2:30 p.m., Monday, February 20, at Riverwood Family, with interment, The funeral service for Sandra Gay Allen Stewart will be 11 a.m., Tuesday, February 21, at Riverwood Family, with interment, Services for Mrs. Jan Ratcliff of Brookhaven will be held 11:00 am, Monday, February 20, 2023, at Riverwood Family with, Services for Mr. Robert James Lang are 11:00 am, Saturday, February 18, 2023, at Bethel Baptist Church. his side for the last weeks of his life here on earth. In October, Dad experienced a rapid decline and was transferred to a unit with 24-hour nursing care. 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. Inside the WorldCom Scam: With Stacy Keach, Bernard Ebbers, Alison Heruth-Waterbury, Joseph Medawar. Bernie Ebbers' early release from prison should be noted by corporate boards not simply as a generous and empathic exercise of judicial discretion. And churches were built black and white because of his financial support, she said. 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. Many students from Lincoln county went to college because he paid for it. Ebbers remained on the prowl, announcing a $129 billion merger with Sprint Corp in October 1999, only to have regulators block that tie-up. . 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. [8] In 1967, he received a Bachelor's degree in physical education, with an academic minor in secondary education, from Mississippi College. 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. Brookhaven - Bernard "Bernie" J. Forbes, July 6, 1998. Bernard John Ebbers (August 27, 1941 - February 2, 2020) was a Canadian convicted fraudster, businessman and the co-founder and CEO of WorldCom.Under his management, WorldCom grew rapidly but collapsed in 2002 amid revelations of accounting irregularities, making it at the time one of the largest accounting scandals in the United States. American Greed investigates one of the most notorious cases of corporate fraud in US history: the rise and fraud of WorldCom. 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 . Published 9:22 am Thursday, November 14, 2019. When we arrived at the federal courthouse on December 18, we learned Dad had once again been admitted to the hospital. As a high-profile member of the congregation, Ebbers regularly taught Sunday school and attended the morning church service with his family. Bernie invested in people's lives and the fingerprints of his charity continue to endure today on many. [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. With good behavior, he is scheduled for release in 2028. Elizabeth Bourne; Emma Gates, Lillie Gates, Ruth Ellen Gates, Mary Michael Gates; great-grandson Elliott Bernard Stewart;brothers John Ebbers. In 2002, the Clinton-based company admitted to improperly reporting $3.8 billion in expenses, prompting the Justice Department to open a criminal investigation into its business practices. Brookhaven - Bernard "Bernie" J. Ebbers ran in to the arms of Jesus on February 2, 2020, surrounded by his family in Brookhaven, Miss. 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. On September 21, 2005, Judge Cote approved the settlement and dismissed the lawsuit against Ebbers.[39][40][41]. 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. 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. Cambodian Child Comes to UMMC for Surgery. Lehmans Richard Fuld ranked first. Ebbers taught her Sunday school class at First Baptist Church Brookhaven. 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 . Skillings term was later shortened, and he and Rigas have been released. We are especially grateful for the team that helped us secure his release, and particularly Graham Carner, our attorney. [49], While CEO of WorldCom, he was a member of the Easthaven Baptist Church in Brookhaven, Mississippi. Jackson Free Press (Jackson, MS Alternative Weekly), Harborwalk Thread (Jackson's Latest Boondoggle), Clarion Ledger (Jackson, MS Gannett Newspaper). JACKSON, Miss. From 1992 to 1995, LDDS renamed WorldCom in May 1995 bought corporations that expanded its service capabilities. She filed for divorce on April 16, 2008, less than two years after he entered prison. 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 . One analyst cited in an early profilein the late nineties said Bernie Ebbers was "the telephone equivalent of Bill Gates." . one of Ebbers' daughters submitted a request that her father receive compassionate release from a . He was surrounded by family when he died, according to the statement provided by his daughter, Joy Ebbers Bourne. Over the past few years, Dad has faced several serious medical issues while in prison, she wrote. Bernard "Bernie" J. Ebbers ran into the arms of Jesus on February 2, 2020, surrounded by his family in Brookhaven, Miss. The subject line should include: U.S. v. Ebbers, 1:02-cr-01144-VEC. The Ebbers family released a statement thanking Judge Valerie Caproni, as they got to spend Bernie's 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 . Growing to over 80,000 employees through multiple acquisitions of other telecom businesses, WorldCom became the overwhelming industry . Two months later, WorldCom revealed an accounting shortfall and said it would restate some results. I expected results. 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. 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. Emails should be sent to Wendy Olsen, the victim/witness coordinator for the U.S. Attorneys Office for the Southern District of New York. Millions of high-quality images, video, and music options are waiting for you. The psychologist notes that Ebbers has presented a much different persona when he knows he is being observed. 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 . WorldCom's roots stem from a Mississippi telecom company called LDDS where Ebbers was CEO. Bernie Ebbers, figure behind one of largest corporate scandals in US history, dead at 78 . On April 26, Worldcom's board voted unanimously to demand that Ebbers resign, which he formally did on April 30, 2002. Do you have more to say to him, or to anyone else convicted in the scandal? He and Linda loved basketball and raising their daughters. One analyst cited in an early profile in the late nineties said Bernie Ebbers was "the telephone equivalent of Bill . Leave your feedback. Ebbers was in the middle of a 25-year federal sentence when his daughters began to . He was 78. His health had been rapidly deteriorating before a federal judge granted him a compassionate release from prison in . Jackson's water bond failure: The REST of the story. 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. [5] His family were devout Christians. and they participated in mission work for years. 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 . Bernard "Bernie" Ebbers was sent to prison in 2006 after being found guilty of one of the biggest financial frauds of the 20th century. Access the best of Getty Images with our simple subscription plan. Im the coach. 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. He wound up accepting a basketball . He was born May 27, 1985, to Chester Lamar Williams and Robbie, The funeral service for William Ronnie Sundown Thomas will be 2 p.m. Thursday, February 9th, at Charity Baptist Church, with, A graveside service will be held for Mrs. Barbara Jordan Smith, Monday, February 6, at Friendship Baptist Church Cemetery. He and Linda loved basketball and raising their daughters. He is survived by Linda Ebbers, daughters Ave Easley (David), Treasure Ebbers Beeson (Dwayne), Joy Ebbers Bourne, Faith . So So Sad to hear about the death of my long time friend Bernie Ebbers (May His soul Rest In Peace. ", "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. Tap into Getty Images' global scale, data-driven insights, and network of more than 340,000 creators to create content exclusively for your brand. 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. 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. The chief financial officer was fired. He was born to John T. and Kathleen Mary Ebbers. Bernie was born on August 27, 1941 and was 78 years old at . Meanwhile the real bad guy who caused the loss of billions got a few months at an Air Force base. Former WorldCom CEO Bernie Ebbers is requesting to be released from prison early due to health issues. 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