WorldCom's Ebbers Gets 25 Years in Prison

Filed under
Legal

Bernard Ebbers, who as CEO of WorldCom oversaw the largest corporate fraud in U.S. history, was sentenced Wednesday to 25 years in prison.

The sentence was handed down by Judge Barbara Jones of Manhattan federal court three years after WorldCom collapsed in an $11 billion accounting fraud, wiping out billions of investor dollars.

Ebbers is the first of six former WorldCom executives and accountants facing sentencing this summer. The other five all pleaded guilty and agreed to cooperate against their former boss.

Associated Press