BusinessCompany NewsEbbers begins marathon jail term

Ebbers begins marathon jail term

Former WorldCom chief locked up for 25 years

Bernard Ebbers, the former boss of WorldCom, has started a 25-year jail
sentence for his role in the $11bn (£5.8bn) accounting fraud, which saw the
company collapse into bankruptcy in 2002.

Ebbers, 65, drove himself through the gates of the Louisiana federal prison,
representing an almighty fall from grace for the man who built a tiny
telecommunications company into an industry giant.

A former high school basketball coach, Ebbers was sentenced in July last year
after being convicted of fraud and conspiracy in the massive fraud at WorldCom.

Last month the 2nd US Circuit Court of Appeals upheld Ebbers’ conviction and
sentence. His attorney has said he will continue to appeal.

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