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. Email Article. Visitation, Services for Mrs. Donna Lynne Ratcliff Cupit is 11:00 am, Saturday, February 4, 2023, at Riverwood Family with visitation from, Mr. Tommy Gene Puckett, 68, of Magnolia, MS, died January 28, 2023, in McComb, MS. Between schools, he worked as a milkman and bouncer. 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 . He is survived by Linda Ebbers, daughters Ave Easley (David), Treasure Ebbers Beeson (Dwayne), Joy Ebbers Bourne, Faith . We will always be grateful for that. Hosemann Family Autism Foundation Awards Teacher S Bill Crawford: Sticking with Trump Risky for Moral U.S. Attorney: "Quit Denying There is a Crime Prob Bill Crawford: What Will Shine Brightest? Organize, control, distribute and measure all of your digital content. Brookhaven - Bernard "Bernie" J. Forbes, July 6, 1998. He was a great Man. 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 . Many stockholders and employees lost their investments in the fall of WorldCom. [15][16][17] In 2003, Ebbers defaulted on the note and Worldcom foreclosed on many of his assets. James Ebbers, and Stephen Ebbers; and a sister MarionOlthuis. 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. WorldCom Inc. collapsed and went . 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. 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. He was 78. 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. With his former company on the brink, Ebbers reportedly appeared on June 30, 2002, at the Easthaven Baptist Church in Brookhaven, Mississippi, where he attended services and taught Sunday school. . [5][6], Ebbers was born in Edmonton, Alberta, the second of five children of Kathleen and John Ebbers, a traveling salesman. Rest in Peace, your rewards are yours for Eternity!!! Court papers say a Bureau of Prisons official . 2023 Getty Images. Bernie never stopped teaching others about the Lord, leading his family, and spreading the love of Christ, no matter his circumstances. Thirteen years of incarceration - up to the point of approaching death - is not a slap on the wrist, Caproni wrote last month. Ebbers was the former chief of telecoms company WorldCom, which was based in Mississippi before its collapse. Let's all Venmo Bernie's daughter and request our money he and his cohorts owe us. Former WorldCom CEO Bernie Ebbers seeks early release from prison. Bernie Ebbers, figure behind one of largest corporate scandals in US history, dead at 78 . All rights reserved. [48], In July 2001, Ebbers was proposed by George W. Bush as the chair for the President's National Security Telecommunications Advisory Committee. Sid Salter: Mississippi Coming Full Circle on Unwi New Skilled Pediatric Nursing Facility Coming to UMMC, Presenting the Mississippi State Capitol (Video). In August 2019, our initial application for compassionate release was denied by the Bureau of Prisons. [4], Dubbed the "Telecom Cowboy," Ebbers often wore boots and blue jeans instead of the typical corporate uniform of a suit and tie. [30] On March 2, 2004, federal authorities indicted Ebbers with security fraud and conspiracy charges. and they participated in mission work for years. 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. Former WorldCom CEO Bernie Ebbers is requesting to be released from prison early due to health issues. 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. [35] On September 6, 2006, the presiding judge ordered him to report to jail on September 26 to start serving his 25-year sentence. Ebbers weight fell to 142 pounds (64 kg) in December 2019 from 200 pounds (91 kg) in July 2018, the court papers show. The world may hate him but God loves him much more. I expected results. Their eldest son, Mark . 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. Many of our friendsand many in our familydid too. Bernie was born on August 27, 1941 and was 78 years old at . The World hated him in many ways, But the Love of God shown through him, IN SPITE of all the bad things that he had to endure. Judge Caproni will receive updates daily on submissions in support of compassionate release.. Amen. 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. Bernard "Bernie" Ebbers was sent to prison in 2006 after being found guilty of one of the biggest financial frauds of the 20th century. His family moved to California during the 1940s. Jury Deliberations Continue In Trial Of Former WorldCom Chief Bernie Ebbers. One analyst cited in an early profilein the late nineties said Bernie Ebbers was "the telephone equivalent of Bill Gates." . He is survived by Linda Ebbers, daughters Ave Easley (David), Treasure Ebbers Beeson (Dwayne), Joy Ebbers Bourne, Faith . Bernie was born on August 27, 1941, and was 78 years old at the time of this death. Additional information on survivors was not immediately available. He will always be remembered by me as a man that stood for what was right all the way to the end. Dad suffers from severe macular degeneration, cardiomyopathy, significant weight loss, anemia and mental deterioration. His mom was a homemaker. [23], The figure eventually grew to $11 billion. The Ebbers family is seeking letters from friends and family on the prisoners behalf. . The New York Times. "[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? We want to hear from you. Bernie's life and how he loved people has left an impact on the lives of all who knew him. In 1968, Ebbers married Linda Pigott and the couple raised three daughters. He was 78. Bernard Ebbers was 78. This initiated a series of investigations and legal proceedings, which focused on Ebbers, WorldCom's former CEO. The . The company acquired over 60 telecommunications firms and in 1995, it changed its name to WorldCom. Even Barbara Jones, the federal judge who imposed Ebbers prison sentence, thought early release was appropriate. Jackson Free Press (Jackson, MS Alternative Weekly), Harborwalk Thread (Jackson's Latest Boondoggle), Clarion Ledger (Jackson, MS Gannett Newspaper). 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. 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. James Ebbers, and Stephen Ebbers; and a sister MarionOlthuis. Bernie is preceded in death by his parents, Kathleen Mary and John Tony Ebbers, and grandchildren Baby Easley and Bernie Ellen Gates. Ebbers was convicted in New York in 2005 on securities fraud and other charges and received a 25-year sentence. 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's statement constituted testimony that could not undergo cross-examination and Ebbers was threatened with Contempt of Congress charges, although no charges were filed. He was born in Beauregard,, The funeral service for Mr. Jerry Lavell Barnett will be 2 p.m., Friday, February 3, at Riverwood Family with interment, A memorial for Mr. Mark Glenn Young will be held, 7 p.m., Thursday, February 2, 2023, at Easthaven Baptist Church.. Caproni, who serves in theSouthern District of New York the same court that had convicted Ebbers in 2005 is soliciting input from investors, former employees and anyone affected by the fall of WorldCom. Bernie invested in people's livesandthefingerprintsofhischaritycontinue to enduretodayonmany. Ebbers reported to Oakdale Federal Correctional Institution in Oakdale, Louisiana, on September 26, 2006, driving himself to the prison in his Mercedes-Benz vehicle. Bernie Ebbers August 27, 1941 - February 2, 2020. [28] The indictment charged that he violated securities laws by defrauding investors on multiple occasions between January 2001 and March 2002. Bernie Ebbers, ex-CEO convicted in WorldCom scandal, dies. [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. Organize, control, distribute and measure all of your digital content. 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 . We were confident in our case, believing Dads situation was just what Congress had intended when they changed the compassionate release laws in the First Step Act. [8] In 1967, he received a Bachelor's degree in physical education, with an academic minor in secondary education, from Mississippi College. Millions of high-quality images, video, and music options are waiting for you. Bernie Ebbers was sacrificed unjustly so politicos could grab a few headlines. Bernie was born on August 27, 1941 and was 78 years old at the time of this death. Published 9:22 am Thursday, November 14, 2019. Bernie Ebbers, the former WorldCom CEO once known as the "Telecom Cowboy," who was locked up for his role in one of the biggest accounting frauds in US . When my sisters and I began our efforts to see our father released from prison, we watched as a 64, 220-pound man continued to lose weight without explanation and his physical and mental condition deteriorated. 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 . He was 78 . Under Ebbers, WorldCom's $9 billion accounting fraud grew in order to avoid facing its worsening economic reality. In a letter Monday to U.S. District Judge Valerie Caproni, Assistant U.S. Attorney Gina Castellano cites a note from a prison psychologist who listened in on phone calls between Ebbers and his daughter in recent weeks. With good behavior, he is scheduled for release in 2028. And churches were built black and white because of his financial support, she said. Bernie Ebbers, convicted WorldCom ex. [18], On June 25, 2002, WorldCom admitted to nearly $3.9 billion in accounting misstatements and on July 22, 2002, it filed for bankruptcy. Scott [Sullivan] is still in prison, of course. [5] His family were devout Christians. 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. The Getty Images design is a trademark of Getty Images. A charismatic businessman who went from Wall Street superstar to untouchable almost overnight, former Worldcom CEO Bernie Ebbers . Access the best of Getty Images with our simple subscription plan. Dispatch From Pelahatchie (Grinch Edition), Domino's Says No Night Service to North Jackson, Clinton Catches Second Burglary Ring Suspect, "We Could Literally Hire 100 Technicians", The Rest of the Story, Part II (Annandale Edition), Justice Department Stands Up for Free Speech. 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. A jury finished its second day of deliberations in . I sometimes said things I shouldnt have said, maybe.. Ebbers began to serve this term of imprisonment on September 26, 2006. His daughter, Joy Ebbers Bourne, says in a sworn declaration that her father has dementia . "[9], After making this statement, Ebbers asserted his right against self-incrimination per the Fifth Amendment to the United States Constitution. [3] In 2009, Time named him the 10th most corrupt CEO of all time. Former WorldCom CEO Bernard Ebbers was convicted of conspiracy and fraud Tuesday. 2023 CNBC LLC. A reporter and a formal federal prosecutor who also . Bernard 'Bernie' Ebbers, former CEO of WorldCom, center with his wife Kristie, leaves Federal Court in New York, Wednesday, July 13, 2005 after being. Former WorldCom CEO Bernie Ebbers is requesting to be released from prison early due to health issues. 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 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.". By April 2002, Ebbers had lost substantial support on the board due to these loans. A Celebration of Life service will be held at 6 p.m. on Saturday, February8, 2020, at First Baptist Church of Brookhaven, with visitationfrom 4-6 pm. 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. Many also wrote in support of release. [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. [26], In response to a subpoena, Ebbers appeared before the U.S. House Committee on Financial Services on July 8, 2002. The name changed to MCI WorldCom after the MCI purchase, and later back to WorldCom. . By Martin Wolk. His death wasn't a complete shock; I saw recently that he was in ill health and was granted an early release from prison after serving 13 years of his 25-year sentence for securities fraud, conspiracy, and filing false reports with regulators.. My mom used to work for MCI, which eventually became WorldCom, in the mid-1990s until she . 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. Bernie was born on August 27, 1941 and Mark Madoff, one of Bernard Madoff's sons, was found dead of an apparent suicide on Dec. 11, 2010. 2023 Getty Images. Leave your feedback. 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. Over the last eight to 10 months, his health has been rapidly declining, resulting in his recent relocation to a medical hospital unit. Whom have I in heaven but thee? 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. Theyalsoloved Brookhaven and its people wherehe had a passion for leading Sunday school. Joy Ebbers Bourne has said in a sworn declaration that her father has dementia. 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. My flesh and my heart faileth: but God is the strength of my heart, and my portion for ever. Former CEO, Bernie Ebbers, 63, was convicted of orchestrating this US$11 billion accounting fraud and was sentenced to 25 years in prison on July 13, 2005. 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. Feb 3, 2020, 04:16 AM EST. ", "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. one of Ebbers' daughters submitted a request that her father receive compassionate release from a . Bernard Ebbers was 78. My family and I continue to pray for everyone affected by the fall of WorldCom. [9], Ebbers began his business career operating a chain of motels in Mississippi. If you are willing to write, please email by Thursday, Nov. 14. He and Linda loved basketball and raising their daughters. On September 5, 2019, Ebbers filed a motion with the . These are Ave Titis Easley, Faith Ann Ebbers, Treasure Ebbers Beeson, and Joy Ebbers Bourne. All Rights Reserved. One of his daughters, Joy Ebbers Bourne, said in a court filing in October that Mr. Ebbers was "now experiencing full-blown dementia." In March 2005, Bernie Ebbers, former CEO of WorldCom, was found guilty on nine counts of securities fraud and conspiracy involving an accounting scheme to bolster the company's apparent profitability. Fromproviding tuition and support to studentsto funding mission activities, Bernie made alastingimpact onmany people'slives, often anonymously. His daughter, Joy Ebbers Bourne, says in a sworn declaration that her father has dementia. The World hated him in many ways, But the Love of God shown through him, IN SPITE of all the bad things that he had to endure. Bernard John Ebbers was born on Aug. 27, 1941, in Edmonton, Alberta. Court papers say a Bureau of Prisons official denied . >>. 1:28. When we arrived at the federal courthouse on December 18, we learned Dad had once again been admitted to the hospital. WorldCom's roots stem from a Mississippi telecom company called LDDS where Ebbers was CEO. "No one will find me to have knowingly committed fraud. Two months later, WorldCom revealed an accounting shortfall and said it would restate some results. Feb. 3, 2020 3:56 am ET. We could get no answers from the medical staff. Bernie began as a coachand took that approach inevery aspect of life. [27], On August 27, 2003, Attorney General of Oklahoma Drew Edmondson filed a 15-count indictment against Ebbers. 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. As a milkman and bouncer in 2028 what was right all the way to the end was in... Prison sentence, thought early release from prison early due to these loans of telecoms company,... Convicted in New York in 2005 on securities fraud and other charges and received a 25-year sentence seeks. $ 11 billion how he loved people has left an impact on the lives of all knew... 18, we learned dad had once again been admitted to the hospital our familydid.! Have knowingly committed fraud and I Continue to pray for everyone affected by the fall of.! Married Linda Pigott and the couple raised three daughters his daughter, Joy Ebbers.! 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