Wednesday, June 29, 2005

Put Ebbers Away for Life, Government Asks Judge

Terence O'Hara writes in The Washington Post:

Federal prosecutors in New York have asked a judge to sentence former WorldCom Inc. chief executive Bernard J. Ebbers to spend the rest of his life in prison for leading the largest accounting fraud in U.S. history.

In a court filing unsealed yesterday, the government urged U.S. District Judge Barbara S. Jones to reject any plea for leniency, arguing that Ebbers's sentence should match the extent of the fraud at the telecommunications company. Ebbers was found guilty March 15 on nine counts of conspiracy, securities fraud and false regulatory filings for his role in orchestrating $11 billion in improper accounting entries.

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