Ebbers ordered to begin jail term
25-year jail time awaits former WorldCom boss
Former WorldCom chief executive Bernard Ebbers, who was convicted of
orchestrating an $11bn (£5.9bn ) accounting fraud, has been told to report to
federal prison on 26 September to begin his 25-year sentence.
Ebbers was convicted by a jury in March 2005 of nine counts of conspiracy,
securities fraud and other crimes that led to the telecom company’s going
bankrupt in 2002, the biggest corporate fraud in US history.
An appeal against his conviction in July was rejected by the US Second
Circuit Court of Appeals.
Ebbers is likely to be sent to a minimum-security facility in Yazoo City,
Mississippi..
Ex-WorldCom financial chief Scott Sullivan, who pleaded guilty to fraud
charges and was the government’s star witness at Ebbers’ trial, received a five
year sentence.