Ex-WorldCom CEO sentenced to 25 years
Former WorldCom CEO was sentenced today to 25 years in prison for his felonies. He got off light: The maximum was 85 years.
Ex-WorldCom CEO sentenced to 25 years in prison ( CNN/Money)
Ex-WorldCom chief executive Bernard Ebbers was sentenced Wednesday to 25 years in prison. Ebbers was convicted in March of orchestrating an $11 billion accounting fraud at WorldCom, one of the country’s telecommunications companies. WorldCom’s bankruptcy filing in 2002 ranks as the largest in U.S. history. A federal jury in New York found Ebbers, 63, guilty of committing nine felonies. The crimes carry a maximum prison term of 85 years.
Considering that he cost a lot of folks their life savings, this punishment is about right.