Former WorldCom CEO to report to federal prison

[im10ashus]

:woohoo:

NEW YORK (CNNMoney.com) -- Ex-WorldCom CEO Bernard Ebbers will report to a federal prison Tuesday to begin his 25-year sentence for his role in an $11 billion accounting fraud.

Ebbers, who was convicted by a jury in March 2005 of nine counts of conspiracy, securities fraud and other crimes that led to the phone company's July 2002 bankruptcy, is due to report to the federal prison in Yazoo City, Miss.

Ebbers, whose conviction was part of a wave of corporate scandals at Enron and Adelphia, was free on bail while appealing his conviction and sentence, but in July a three-judge panel of the U.S. Second Circuit Court of Appeals affirmed both.

At a sentencing hearing last year, Federal Judge Barbara Jones recommended Ebbers be sent to the low-security facility in Yazoo City.

cont'd...

http://money.cnn.com/2006/09/26/news/newsmakers/ebbers/index.htm?cnn=yes

[Nite Owl]

1. One down

lots more of these crooks to go.

[im10ashus]

3. There aren't enough prisons in the world to hold them all.

We will have to start sending them to Gitmo. B-)

[malaise]

2. Expect a heart attack

shortly.

[im10ashus]

4. That's what I was thinking.

Maybe he will take the Ken Lay exit? :evilgrin: