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| Mr Ebbers worked as a milkman and bouncer in
the past |
Former Worldcom chief executive Bernie Ebbers has been convicted of
conspiracy and fraud in connection with the 2002 collapse of the telecoms
giant.
Mr Ebbers, 63, who is to appeal against the verdict , was also found
guilty of seven counts of filing false documents.
Shareholders lost about $180bn in Worldcom's collapse - the
largest bankruptcy in US history - and 20,000 workers lost their jobs.
Mr Ebbers could face up to 85 years in prison when he is sentenced on
13 June.
Worldcom emerged from bankruptcy last year and is now known as MCI.
A federal jury in Manhattan had spent eight days deliberating before
returning their verdicts.
The six-week trial took place two years after an
internal audit was
launched into $11bn discrepancies in Worldcom's accounts.
Mr Ebbers told the court he knew too little about the company's
accounts to be aware of the fraud and blamed his former finance chief,
Scott Sullivan.
Mr Sullivan's evidence was only direct link between Mr Ebbers and the
fraud - and he said his actions were on the instructions of his boss.
Founded in 1983, Worldcom was the second biggest long distance phone
firm in the US with 20 million customers.
It ran into numerous difficulties during the technology boom and got
into debts of $41bn.
Prosecutors accused Mr Ebbers of engineering the
fraud that saw senior Worldcom executives exaggerate revenues and file false expenses
between 2000 and 2002.
They portrayed Mr Ebbers as "obsessed" with keeping the company's share
price high at a time when the telecoms sector was under pressure in the
wake of the dotcom crash.
Mr Ebbers, who had a personal fortune tied to the value of shares in
Worldcom, had helped transform the company from a minor long-distance
telephones company in Mississippi into a telecoms giant.
"He was Worldcom, and Worldcom was Ebbers," prosecutor William Johnson
prosecutor told jurors.
"He built the company. He ran it. Of course he directed this fraud."
Five other Worldcom executives, including Mr Sullivan, have admitted
their guilt and are also awaiting sentence.
Mr Ebbers, who has always protested his innocence,
worked as a bouncer ,
basketball coach and milkman before moving into the telecoms business.
In 1983 he was an early investor in Long Distance Discount Service, the
company that would later become Worldcom.
Worldcom became a Wall Street darling in the 1990s as it merged with or
bought dozens of rivals including the $40bn purchase of MCI.
Mr Ebbers looked tense when the verdicts were read out
and his wife Christie and other family members burst into tears.
(Agencies) | 
Updated: 2005-03-16 09:28