3/15/2005
Just Desserts
Lots of stories on this today, but I liked this one best - VOA News - US Businessman Found Guilty of $11 Billion Fraud
A U.S. businessman who built a small phone company into a telecommunications giant has been convicted of an $11 billion accounting fraud. Former WorldCom chief Bernard Ebbers faces a possible 85-year prison term.
A federal jury in Manhattan found the 63-year-old Mr. Ebbers guilty of nine counts, including fraud, conspiracy and filing false documents. During the trial, jurors heard how Mr. Ebbers had inflated the earnings and hidden the expenses of WorldCom to fool investors and lenders.
Things happen for a reason. Sometimes people get what they deserve. Sometimes justice prevails. Sometimes what goes around really does come back around.
Filed by Ken at 6:24 pm under General
