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Worldcom Chief Charged with Fraud

Former Worldcom chief Bernard Ebbers is indicted on charges that he participated in an $11 billion accounting fraud at the company. In the same investigation, former Worldcom chief finance officer Scott Sullivan pleads guilty and will cooperate with federal prosecutors. Ebbers and Sullivan are charged with securities fraud and conspiracy. NPR's Robert Smith reports.

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Robert Smith is a host for NPR's Planet Money where he tells stories about how the global economy is affecting our lives.