Obama Stimulus Aids WorldCom Felon With Health Care Loan
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David Myers was at the epicenter of one of the biggest corporate frauds in U.S. history. Now the former WorldCom Inc. controller is rebuilding his life a decade later with the help of the federal government.
Ways LLC, a company formed by Myers and Peter Koury, a health-care executive, received one of the 515 loan guarantees made by a U.S. Department of Agriculture rural development program under the 2009 federal economic-stimulus bill. The USDA guaranteed a $7.45 million loan from a Louisiana bank, allowing Myers and his partner to finance the purchase of a home health agency that provides care to 650 people in the Mississippi Delta, one of the poorest regions in the U.S.