Wednesday, September 07, 2005

New York Judge Grants Ebbers Bail

An AP newswire article, via SFGate.com, reports that:

A judge ruled Wednesday that former WorldCom CEO Bernard Ebbers can stay out of prison while he appeals his conviction for leading an $11 billion accounting fraud — a process that could take more than a year.

Ebbers, 63, had been due to report to a Louisiana prison on Oct. 12 to begin serving a 25-year sentence.

In her decision, U.S. District Judge Barbara Jones rejected arguments by prosecutors last month that Ebbers failed to meet the legal standard of raising a "substantial question of law" that could result in a reversal or reduction of his sentence.

Defense attorneys had challenged the judge's instruction to jurors that they could find Ebbers guilty if they believed he suspected a crime was being committed but intentionally looked the other way.

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