Multiple choice

A Federal Appeals Court recently upheld the securities fraud conviction of Bernard Ebbers, who will now serve a 25-year prison term for committing an $11-bn fraud. Ebbers is a former CEO of

  1. Viacom

  2. Enron

  3. WorldCom

  4. United Airways

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Bernard Ebbers was the CEO of WorldCom, which perpetrated one of the largest accounting frauds in history ($11 billion). WorldCom collapsed in 2002, and Ebbers was convicted of securities fraud and conspiracy, sentenced to 25 years in prison. Enron's CEO was Kenneth Lay, not directly connected to this case.