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WorldCom Crooks Land Behind Bars
After years commanding his telecom empire, former WorldCom boss Bernard Ebbers is now stuck communicating through glass with an old-fashioned handset or making collect calls on a prison pay phone.
Ebbers was sentenced in July to 25 years in federal prison for overseeing the $11 billion fraud that ruined his company and financially devastated workers and shareholders.
It is the harshest sentence yet among CEOs charged with similar crimes, and well deserved, CWA President Morton Bahr said.
Testifying before the Senate Judiciary Committee in 2003, Bahr challenged the bankruptcy settlement that allowed the company to re-emerge as MCI, saying, "MCI/WorldCom's lies and false financial reports destabilized the entire telecommunications industry. Tens of thousands of employees - not only at WorldCom, but throughout the telecom sector - lost their jobs and retirement savings."
Ebbers' second-in-command, Scott Sullivan, was sentenced Aug. 11 to five years in prison. Sullivan, described as the "architect" of the fraud, testified against Ebbers.
Ebbers was sentenced in July to 25 years in federal prison for overseeing the $11 billion fraud that ruined his company and financially devastated workers and shareholders.
It is the harshest sentence yet among CEOs charged with similar crimes, and well deserved, CWA President Morton Bahr said.
Testifying before the Senate Judiciary Committee in 2003, Bahr challenged the bankruptcy settlement that allowed the company to re-emerge as MCI, saying, "MCI/WorldCom's lies and false financial reports destabilized the entire telecommunications industry. Tens of thousands of employees - not only at WorldCom, but throughout the telecom sector - lost their jobs and retirement savings."
Ebbers' second-in-command, Scott Sullivan, was sentenced Aug. 11 to five years in prison. Sullivan, described as the "architect" of the fraud, testified against Ebbers.