Bernard Ebbers, WorldCom

Former high school basketball coach Bernard Ebbers had taken a small telecommunications firm and transformed it into an industry giant before the company collapsed in bankruptcy in 2002. Who knew a jury would convict Ebbers in 2005 for his role in an $11 billion fraud that brought down the telecommunications giant and presided over for 17 years? Who knew they wouldn't buy his "who knew" claims from the witness stand about the shenanigans of underlings, some of whom have joined him in the joint?<br>
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<i>Bernard Ebbers former CEO of <a class="taxInlineTagLink" id="ORCRP016878" title="WorldCom Incorporated" href="/topic/economy-business-finance/worldcom-incorporated-ORCRP016878.topic">WorldCom</a> exits Manhattan federal court in 2005, file photo in New York.  (AP Photo/ Louis Lanzano)</I>
chibrkbus-bernard-ebbers-worldcom-20110607

( Louis Lanzano/AP / June 3, 2011 )

Former high school basketball coach Bernard Ebbers had taken a small telecommunications firm and transformed it into an industry giant before the company collapsed in bankruptcy in 2002. Who knew a jury would convict Ebbers in 2005 for his role in an $11 billion fraud that brought down the telecommunications giant and presided over for 17 years? Who knew they wouldn't buy his "who knew" claims from the witness stand about the shenanigans of underlings, some of whom have joined him in the joint?

Bernard Ebbers former CEO of WorldCom exits Manhattan federal court in 2005, file photo in New York. (AP Photo/ Louis Lanzano)

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