General partner/president. There are also 300 horses thrown in to make sure each cowboy has his own stable. Scott Sullivan, the former CFO of WorldCom, sold his 30,000-square-foot mansion in Boca Raton last year for $9 million. Accessibility Resource Center Skip to main content. Category: Uncategorized. “That is a good number,” Marin Bozic said. false. Call it a hunch, but THE STORY DID not jibe. Something was missing. More than 1.7 million people make their way to Douglas Lake each year. He had his eye on Douglas Lake Ranch, but before he could swing a deal, the owner, Bernie Ebbers, fraudster CEO of WorldCom Inc., got hung up in a scandal that eventually landed him in jail. Douglas Lake Canada's biggest ranch - 500,000 acres (2,000 km²) in British Columbia. Scott Sullivan, the former CFO of WorldCom, sold his 30,000-square-foot mansion in Boca Raton last year for $9 million. The ranch … Trucking – Mississippi trucking firm KLLM was bought for $30 million in 2000. Hockey team – Ebbers was 50% owner of the minor league hockey team Jackson Bandits. Many of Ebbers' acquisitions were bought with loans backed by his WorldCom stock holdings. Wednesday Aug 27 2003 15:35 EDT. At his peak in early 1999, Ebbers was worth an estimated $1.4 billion and listed as 174th on the Forbes 400. saddle and lasso - douglas lake ranch stock pictures, royalty-free photos & images. A rogues' gallery of homes. In July of 1998 the Woodward family sold to Bernard J. Ebbers, a Canadian born resident of Jackson, Mississippi, who then sold the ranch to a fellow American 2003. Ebbers was many things — a dreamer, a liar, a swindler — and he loved land. Associated Press Writer. A rogues' gallery of homes. Accessibility Resource Center Skip to main content. Bert C. Roberts … The Douglas Lake Ranch a working cattle ranch that includes a fly-fishing resort, recreation facilities and timber operations was one of several properties listed as collateral for $408 million in loans WorldCom granted ‘Ebbers’ in 2001 and 2002. In 1884, John Douglas Sr. sold this property to Charles Beak, who, along with Joseph Greaves, Charles Thomson and William Ward, founded Douglas … General partner/president. Bernie Ebbers, the former CEO of WorldCom, sold his Canadian cattle ranch, the Douglas Lake Ranch, for $68.5 million and his Mississippi mansion for $7.5 million. Ebbers was many things — a dreamer, a liar, a swindler — and he loved land. Currently Reading. WorldCom Trying to Sell Ex-CEO's Ranch The newly finished golden coloured log cabins are nestled by your very own lake. Fraser Canyon-Big … In 1998, when he was the toast of Wall Street, the telecom cowboy paid British Columbia’s Woodward family the astronomical sum of $73 million for Canada’s largest ranch: 500,000-acre Douglas Lake, a 22,000-head cattle operation. Buy A Million Dollar Mansion On Delta Lake By The Citizen on July 27, 2021 It’s a four-story mansion in Westernville, NY that has ties to USA history and it’s for sale. A rogues' gallery of homes. Ebbers, 60, who quit Tuesday as president and chief executive officer of WorldCom, the Mississippi-based long-distance carrier he built over 19 years, purchased the Douglas Lake Ranch in 1998 from the Woodward family, reportedly paying about $90 million. His personal holdings included:[8] Douglas Lake. Douglas Lake Ranch is about 40 miles from the nearest town. The property Mr. Ebbers hankered for was the Douglas Lake Ranch in British Columbia. This article needs additional Charles Semlin, 12th Premier of BC: Douglas Lake Ranch: Nicola Country: 1886 Chunky Woodward Bernie Ebbers of Worldcom Gang Ranch: Chilcotin-Fraser Canyon: 1870s Saudi Money Empire Valley Ranch : Henry Koster. He co-founded WorldCom and served as chief executive officer. Bernard John "Bernie" Ebbers (born August 27, 1941) is a Canadian businessman who was convicted of fraud and conspiracy as a result of WorldCom's false financial reporting. In the almost 20 years that Lester and Johnson have been working together, the team has done about $700 million in deals, but the most memorable — and the most difficult to price — might have been the Douglas Lake Ranch, a 164,000-acre property in B.C.’s Nicola Valley. WorldCom Announces Douglas Lake Ranch To Be Sold. false. The history of Douglas Lake Ranch spans a period of some 120 years dating back to the mid-1880’s. The property Mr. Ebbers hankered for was the Douglas Lake Ranch in British Columbia. It has 15 fulltime cowboys looking after 22,250 head of cattle, and includes its own town, Douglas Lake, where its workers live. Acquired in 1998 for about $65 million. WorldCom has taken control of a 500,000-acre Canadian cattle ranch owned by former Chief Executive Officer Ebbers. Ebbers was many things — a dreamer, a liar, a swindler — and he loved land. In fact, Douglas Lake Ranch itself traces its name back to 1872 when John Douglas Sr. homesteaded his first 320 acres (130 hectares) along its shore. Sold … Acquired in 1998 for about $65 million. Quilchena Ranch, Dick discovered, had recently been partially zoned for a golf course. These included Douglas Lake Ranch, a 500,000-acre cattle-raising operation in British Columbia that has since been sold for $68.5 million, and Intermarine Savannah, a Georgia yacht builder. Location . Acquired in 1998 for about $65 million. Next was the Ebbers weekend retreat in Canada, Douglas Lake Ranch, a modest patch of real estate -- 500,000 acres, or about three times the size … Ebbers was many things — a dreamer, a liar, a swindler — and he loved land. WorldCom has taken control of a 500,000-acre Canadian cattle ranch owned by former Chief Executive Officer Ebbers. At his peak in early 1999, Ebbers was worth an estimated $1.4 billion and listed at number 174 on the Forbes 400. In the almost 20 years that Lester and Johnson have been working together, the team has done about $700 million in deals, but the most memorable — and the most difficult to price — might have been the Douglas Lake Ranch, a 164,000-acre property in … In 1998 when he was the toast of Wall Street, the telecom cowboy paid British Columbia’s Woodward family the astronomical sum of $73 million for Canada’s largest ranch: 500,000-acre Douglas Lake… General partner/president. Ebbers bought the 514,000-acre Douglas Lake Ranch in the late 1990s for a reported $73 million. Ebbers, a native of Edmonton, Alberta, bought the 164,000-acre Douglas Lake Ranch in British Columbia in 1998 for about $60 million, Business … Ebbers died Sunday, Feb. 2, 2020, according to a … According to the ranch’s website, the property has 11 … In the almost 20 years that Lester and Johnson have been working together, the team has done about $700 million in deals, but the most memorable — and the most difficult to price — might have been the Douglas Lake Ranch, a 164,000-acre property in B.C.’s Nicola Valley. Zokol connected with Ebbers, but any possibility of a deal disappeared when Ebbers, then CEO of WorldCom Inc., became entangled in a corporate scandal that would eventually land him in jail. Bernie Ebbers, the former CEO of WorldCom, sold his Canadian cattle ranch, the Douglas Lake Ranch, for $68.5 million and his Mississippi mansion for $7.5 million. 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