Good! Justice Served
WorldCom's Ebbers Gets 25 Years, Weeps: "NEW YORK - Weeping in court as he learned his fate, former WorldCom boss Bernard Ebbers was sentenced to 25 years in prison Wednesday for leading the largest corporate fraud in U.S. history.
It was the toughest sentence imposed on an executive since the fall of Enron in 2001 touched off a record-breaking wave of business scandals.
Even with possible time off for good behavior, Ebbers, 63 and with what his lawyers describe as serious heart problems, would remain locked up until 2027, when he would be 85.
The sentence came four months after Ebbers was convicted of overseeing the $11 billion WorldCom fraud much of it a pattern of chalking up expenses as long-term capital expenditures, which are classified as assets."
It's about time someone who bilked millions out of billions paid the price. I am so tired to petty criminals racking up lengthy sentences while white collar criminals get to go to Federal Country Club for three years. World Com was a panzi scheme from the start. Lock em up and throw away the key.
It was the toughest sentence imposed on an executive since the fall of Enron in 2001 touched off a record-breaking wave of business scandals.
Even with possible time off for good behavior, Ebbers, 63 and with what his lawyers describe as serious heart problems, would remain locked up until 2027, when he would be 85.
The sentence came four months after Ebbers was convicted of overseeing the $11 billion WorldCom fraud much of it a pattern of chalking up expenses as long-term capital expenditures, which are classified as assets."
It's about time someone who bilked millions out of billions paid the price. I am so tired to petty criminals racking up lengthy sentences while white collar criminals get to go to Federal Country Club for three years. World Com was a panzi scheme from the start. Lock em up and throw away the key.
posted by EPE | Link:7/13/2005 03:07:00 PM
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