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Tycoon Ebbers to begin jail term

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acmejack Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-26-06 07:10 AM
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Tycoon Ebbers to begin jail term
Former Worldcom boss Bernard Ebbers will report to prison on Tuesday to start his 25-year jail sentence.

Ebbers was convicted of fraud and conspiracy for his role in an $11bn (£5.8bn) accounting scandal that led to the collapse of Worldcom in 2002.

Ebbers was ordered to arrive at a federal prison on 26 September but the location has not been revealed.

The earliest date at which Ebbers will be released is 2028, by which time he will be over 85 years old.

http://news.bbc.co.uk/2/hi/business/5380458.stm
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soothsayer Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-26-06 07:12 AM
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1. Can't be much different than the double-wide trailer he lives in
now. Honestly, as a lowly MCI employee I could see that guy was a walking ponzi scheme from day 1. I'm glad the hubris of his tiny company trying to swallow huge mci is what took him down. Dumbass.
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Elidor Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-26-06 07:21 AM
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2. What a coincidence
Jack Abramoff reports to prison next Tuesday as well. Alas, he'll be getting out a lot sooner than Bernie.
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