Posted March 15, 200519 yr comment_452247 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. .... Link to comment https://www.marlinsbaseball.com/topic/26076-ex-worldcom-ceo-ebbers-guilty/ Share on other sites More sharing options...
March 16, 200519 yr comment_452248 I wish I could say this will serve as a deterrent.... Link to comment https://www.marlinsbaseball.com/topic/26076-ex-worldcom-ceo-ebbers-guilty/?&do=findComment&comment=452248 Share on other sites More sharing options...
March 16, 200519 yr comment_452249 If anyone deserves capital punishment it's these bastards. Link to comment https://www.marlinsbaseball.com/topic/26076-ex-worldcom-ceo-ebbers-guilty/?&do=findComment&comment=452249 Share on other sites More sharing options...
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