Former WorldCom Chief Ebbers Indicted

NEW YORK (AP) -- Former WorldCom CEO Bernard Ebbers was indicted on federal charges in the multibillion-dollar accounting scandal at the telecommunications giant, and his top financial officer pleaded guilty Tuesday and agreed to testify against him.

Conspiracy and fraud charges were filed against Ebbers on Tuesday for his alleged role in the nation's largest accounting scandal, hours before former chief financial officer Scott Sullivan entered his guilty plea in federal court.

Sullivan admitted to U.S. District Court Judge Barbara Jones that he deceived investors, regulators and Wall Street in a "misguided effort to preserve the company to allow it to withstand what I believed were temporary financial difficulties."

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