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Monday, February 14, 2005

Judge suspends Ebbers fraud trial until Wednesday
Amit Patel at 2:01 PM ET

[JURIST] US District Judge Barbara Jones Monday suspended the fraud trial of former WorldCom chief Bernard Ebbers until Wednesday without explanation. The postponement comes just before the defense's cross-examination of the government's star witness, Scott Sullivan, the former finance chief at WorldCom. Sullivan implicated Ebbers [JURIST report] in the company's $11 billion accounting fraud during his testimony. Specifically, Sullivan cited to a memo he sent to Ebbers warning of a WorldCom unit's inability to pay its dividend. Ebbers, charged with fraud, conspiracy, and making false filings to the SEC, has denied any wrongdoing. Read Ebbers' indictment [text, PDF] and the superseding indictment [text, PDF]. AP has more.

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