How much did the WorldCom board loan Ebbers?
A) $20 million
B) $100 million
C) $415 million
D) $1.4 billion

Question

Quizplus · Accepted Answer

The WorldCom board loaned Ebbers a total of $415 million, which was used to cover his personal debts and purchase assets such as ranches, condominiums, and yachts. This loan was one of the factors that contributed to the company's eventual bankruptcy and Ebbers' conviction for securities fraud.

How Much Did the WorldCom Board Loan Ebbers