Friday, August 05, 2005

Ex-WorldCom Exec Gets Prison, House Arrest

An AP newswire article by Erin McClam, via The Washington Post, reports that:

Former WorldCom accounting executive Betty Vinson was sentenced Friday to five months in prison and five months of house arrest for taking part in the telecommunications company's record $11 billion accounting fraud.

Vinson, 49, pleaded guilty to fraud in October 2002 and helped the government build its case against former WorldCom CEO Bernard Ebbers, who was sentenced last month to 25 years in prison.

Vinson is one of five WorldCom executives facing sentencing over the next two weeks for their roles in the fraud, which plunged WorldCom into bankruptcy in 2002. It has since emerged under the name MCI Inc.

A second accounting executive, Troy Normand, was to be sentenced later Friday by the same judge, Barbara Jones of U.S. District Court in Manhattan.


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