Friday, July 28, 2006

Appeals Court Upholds Ebbers Conviction

An AP newswire article by David P. Caruso, via SFGate.com, reports that:

A federal appeals court on Friday upheld the conviction of former WorldCom Inc. Chief Executive Bernard Ebbers on charges related to a multibillion dollar accounting fraud.

The ruling by the three-judge panel of the 2nd U.S. Circuit Court of Appeals could clear the way for Ebbers to begin serving a 25-year prison sentence for his actions as head of the telecommunications company.

Convicted in 2005, Ebbers had argued on appeal that he had been denied a fair trial and that his lengthy prison sentence was unreasonable.

More here.

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