Bernie Ebbers has been sentenced to at least 25 years in federal prison for
his part in the biggest fraud case in accounting history.
US District Judge Barbara Jones ignored Ebbers’ defence lawyers’ requests for
leniency, handing the 63-year-old a severe prison term. ‘This is not a minor
fraud,’ she told a packed Manhattan courtroom.
The sentence was initially reported about 11:30am EDT as being 30 years, but
minutes later was reduced to 25 years. US government prosecutors had sought a
maximum 85-year sentence.
UK private investor Endless LLP acquires the high street retailer, saving 840 jobs
Three new partners and seven business restructuring advisers have been appointed to the new Preston office
Political and economic uncertainty behind the fall in confidence
Just Racing Services, operating company of the Manor Racing Formula One team has entered administration