This article is more than 1 year old

Ebbers could face life for WorldCom fraud

WorldCom now 'synonymous with fraud'

Bernie Ebbers - who was found guilty of masterminding the $11bn accounting scandal at US telco giant WorldCom - should spend the rest of his days behind bars, the prosecution has said.

That's according to prosecution papers filed with the federal judge in charge of the case which claim that the actions of the former chief exec have made WorldCom "synonymous with fraud".

Said the prosecutors: "The enormity of the crimes that Mr Ebbers committed cannot be overstated: The fraud at...WorldCom was the largest securities fraud in history.

"Along with Enron, the name WorldCom has become synonymous with fraud."

The defence has asked the judge to go easy on Ebbers, 63, because he has a heart condition.

Ebbers is due to be sentenced on 13 July, reports Reuters. ®

Related stories

Ebbers conviction - 'victory for individual responsibility'
Ebbers guilty on all counts
Ebbers guilty of WorldCom fraud
Ebbers was 'leader of the con'
Ebbers was 'intimidating' boss

More about

TIP US OFF

Send us news


Other stories you might like