Ebbers Sentenced to Prison

The final chapter in the saga of WorldCom Inc. was revealed Wednesday when its former chief executive Bernie Ebbers was sentenced to 25 years in prison for an $11 billion accounting fraud that caused the telecommunications titan to file the largest bankruptcy in U.S. history.

Ebbers was credited with transforming Mississippi-based WorldCom into one of the worlds largest telecommunications companies through acquisitions, but maintaining the growth Wall Street expected became harder in the face of falling long-distance prices, competition and other pressures.

Earlier this year, Ebbers was convicted of nine counts of fraud, conspiracy and making false filings with regulators for the $11 billion fraud that led to the 2002 bankruptcy, and an evaporation of $180 billion in market value. WorldCom emerged from bankruptcy last year as MCI Inc.

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