Jury selection has begun in the trial of former WorldCom CEO Bernard Ebbers, who faces charges that he lied about the state of the firm's financial affairs.
Despite his statement in 2001 that there were no "storms on the horizon" for the telecoms firm, now resurrected as MCI Inc., WorldCom collapsed in mid-2002 as a result of the massive accounting fraud that had been taking place.
According to reports, the key witness for the prosecution is likely to be WorldCom's former chief financial officer, Scott Sullivan, who has alleged that he warned Mr Ebbers of the firm's increasingly dire financial situation, but had his requests to issue earnings warnings ignored.
Opening statements in the case against the former CEO are expected to begin next week, and the trial is likely to last between four and eight weeks.
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