RSS
Twitter
Bernie Ebbers Guilty, Guilty, Guilty, Guilty...
from the playing-dumb-didn't-work dept
Despite his efforts to play dumb, and claim that, as CEO and chairman of MCIWorldcom with a reputation for micromanaging, he really had no clue what was going on at his company, it appears the jury did not buy Bernie Ebbers' act. They've found him guilty on all counts concerning Worldcom's $11 billion fraud. Considering that many of the executives at companies involved with similar massive fraud charges have gotten off with wrist slaps, this is a big deal. He'll be sentenced in June.
Reader Comments
(Flattened / Threaded)
No Subject Given
Expect the sentence to follow the rich CEO sentencing guidelines:
Time served, 250 thousand dollar fine.
NEXT!
(reply to this comment) (link to this comment)
Add Your Comment