7/13/2005
Ebbers Sentenced to 25 years
Former WorldCom chief jailed for 25 years. 14/07/2005. ABC News Online
Former WorldCom chief executive Bernard Ebbers has been sentenced to 25 years in prison for his role in the fraud scheme at the telecom giant that led to the biggest corporate collapse in US history.
It was an effective life term for the 63-year-old Ebbers who wept and hugged his tearful wife after US District Judge Barbara Jones pronounced sentence.
“A sentence of anything less would not reflect the seriousness of the crime,” Judge Jones, who rejected defence arguments that the fraud-related losses suffered by WorldCom investors had been exaggerated and that Ebbers was not the architect of the $US11 billion accounting scam.
“It is quite clear to me that Mr Ebbers was a leader of criminal activity in this case,” she said.
Filed by Ken at 1:56 pm under Technology
