March 15, 200521 yr http://money.cnn.com/2005/03/15/news/newsm...dex.htm?cnn=yes Good to see justice served. Prison prob will be lower security, but still bad to lose your freedom for the rest of your life...especially after that lifestyle. NEW YORK (CNN/Money) - Bernard Ebbers, the former CEO of WorldCom, was found guilty Tuesday for his role in the huge accounting scandal that led to the largest bankruptcy in U.S. history. A federal jury in New York, on its eighth day of deliberations, convicted Ebbers on all nine counts that he helped mastermind an $11 billion accounting fraud at WorldCom, now known as MCI. Ebbers, 63, had been charged with one count of conspiracy, one count of securities fraud and seven counts of filing false statements with securities regulators. He faces up to 85 years in prison, but sentencing guidelines are expected to result in a shorter term that legal experts say could nonetheless put Ebbers behind bars for the rest of his life. Sentencing is scheduled for June 13. Ebbers will appeal the verdict, his lawyer said Tuesday afternoon. "This is the mother lode for the government in its campaign against corporate fraud," said Orin Snyder, a former federal prosecutor who is now a partner in Gibson, Dunn & Crutcher. ....
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