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[AirBrian]

On CNN and FoxNews right now.

...And a little bit of faith is restored in our justice system.

Info up on the websites now:

Ex-WorldCom CEO Ebbers guilty
Faces 85 years in prison after being convicted on all nine counts in accounting fraud.
March 15, 2005: 12:41 PM EST

NEW YORK (CNN/Money) - Bernard Ebbers, the former CEO of WorldCom, was found guilty Tuesday for his role in the mammoth accounting scandal that resulted in the largest bankruptcy in U.S. history.

A federal jury in New York, on its eighth day of deliberations, convicted Ebbers on all nine counts that he helped mastermind a $11 billion accounting fraud at WorldCom, now known as MCI.

Ebbers, 63, had been charged with one count of conspiracy, one count of securities fraud and seven counts of filing false statements with securities regulators. He faces up to 85 years in prison; sentencing is scheduled for June 13.

The verdict comes two days before a massive securities fraud class action brought by WorldCom investors against more than a dozen investment banks, including many of Wall Street's top names, is set for trial. Settlements in that case total $4 billion, making it the largest securities class action settlement ever.

http://money.cnn.com/2005/03/15/news/newsmakers/ebbers/index.htm?cnn=yes

 

[Loki]

I hope to God he goes to pound-me-in-the-ass prison like people who rob banks do-- none of this country club BS. Worthless, arrogant scum.

 

[Triumph]

I second the "pound me in the ass" prison sentiments.

The real test of the system is whether or not Kenneth "Kenny Boy" Lay of Enron fame will ever make it to the same end. After all, he is one of Dubya's boys.