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Ebbers, WorldCom
Ebbers, WorldCom
Bernard Ebbers, the former CEO of WorldCom, was sentenced in July 2005 to 25 years in federal prison for his role in an $11 billion accounting fraud at the long-distance phone giant. Ebbers, who helped push his company into the biggest bankruptcy in U.S. history, was also ordered to forfeit $45 million in assets, including his Mississippi mansion.

Ebbers sentence is believed to be the longest ever received by a CEO for committing corporate crimes at the helm of a Fortune 500 company. WorldCom, now known as MCI, filed for bankruptcy in 2002.

Ebbers, 63 at the time of his sentencing, could spend the rest of his life behind bars. He was convicted of nine felonies in March 2005, which carried a maximum prison term of 85 years. He lost his appeal in July 2006 and started serving his sentence two months later.
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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.