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WorldCom’s Ebbers gets 25 year sentence

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WorldCom's Ebbers gets 25 year sentence

Bernard Ebbers, who as the once-swaggering CEO of WorldCom oversaw the largest corporate fraud in US history, wept in court Wednesday when a judge sentenced him to 25 years in prison – the toughest sentence yet in the string of recent corporate scandals.

Ebbers, now 63, would go to prison in October and not be eligible for release until he was 85. The sentence was handed down by Judge Barbara Jones of U.S. District Court in Manhattan three years after WorldCom collapsed in an $11 billion accounting fraud, wiping out billions of investor dollars.

Read the complete story. (Yahoo, AP)