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Financial

Ebbers to Be Sentenced Today

Disgraced former WorldCom CEO Bernie Ebbers, already found guilty of perpetrating a massive fraud at the carrier now known as MCI Inc. (Nasdaq: MCIP), will be sentenced today at the U.S. District Court in the Southern District of New York (see Ebbers: GUILTY!).

But no matter how long a stretch he gets from U.S. District Judge Barbara Jones, there's a still a chance Ebbers, who recently settled a class action lawsuit, will walk free from the court today (see Ebbers Gives It Up). His legal team is set to lodge an appeal, and Ebbers, who has been suffering from a heart condition, might avoid incarceration during that appeal process.

He faces up to 85 years in prison, and, for many Light Reading readers, spending the rest of his life behind bars is the only worthy sentence that could be handed down (see Readers Want Jail for Ebbers).

Keep checking this site today for an update on Ebbers's fate.

— The Staff, Light Reading

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