Bernie Ebbers built a personal empire the way he built WorldCom: with bold deals, big gambles and costly mistakes. Over 20 years, while Ebbers turned WorldCom into the USA's No. 2 long-distance phone company, he also made a string of personal investments that engaged his passions. He bought Canada's biggest ranch and stakes in two farms, a minor league hockey team, a trucking company, an all-terrain-vehicle dealership, a lumberyard, enough acres of timberland to cover half the state of Rhode Island and a yacht company. He also expanded his original hotel chain. Ebbers viewed his outside ventures with pride. With...