March 15, 2005

Conjugal weekend at Bernie's?

Posted by pete at March 15, 2005 6:33 PM

So what. Big deal:

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 an $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, but sentencing guidelines are expected to result in a shorter term that legal experts say could nonetheless put Ebbers behind bars for the rest of his life.

85 years is far less than the son of a bitch deserves, but far, far more than he will ever see. I don't know if I'd go so far as to say he'll be pardoned - he may be too high profile for that - but I'll be mightily surprised is he does time anywhere but a minimum security joint.

Which is too bad, because I really wanted to trot out that old Dennis Miller line (back when he was funny) about how, on the other side of the wall, "insider training takes on a whole new meaning."

What do you know? I just did.

That dude better be in prison for as long as he's alive.

--Posted by thehim on March 15, 2005 9:00 PM

Oh goody! Another candidate for prison justice! Actually, I think they should turn him loose in a room filled with the stockholders and pensioners the bastard ripped off. Prison would look pretty good to the loser after that.

--Posted by BabyJane on March 16, 2005 11:52 PM



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