For my person to be researching, I am covering Bernard Ebbers. Ebbers committed fraud, and he tried to merge his company with Sprint. This action was brought to the attention of the Department of Justice. Who immediately dashed this possibility. Ebbers company had an investigation with the SEC. Which led to the bankruptcy and to his eviction. Bernard owed $400 million in margin calls. And he convinced the board to lend him that money, so that he wouldn’t have to give up important blocks of the stock that he owned. He also started an aggressive campaign to prop up stock price, by creating accounting entries. Bernard was very good at keeping his actions hidden, because it took them a while before they caught him. When they caught Ebbers in his
