Former WorldCom CEO Ebbers sentenced to 25 years

Wednesday, July 13, 2005 Bernard Ebbers, founder and former CEO of telecommunications giant WorldCom, now MCI, was sentenced to 25 years in prison for his role in the corporate accounting fraud totaling US$11 billion. The once-powerful company plunged into bankruptcy in July 2002. The sentence was handed down by Manhattan federal court Judge Barbara S. […]