The Ebbers sentence comes a month after Adelphia Communications Corp. founder John J. Rigas received 15 years behind bars for his role in an earnings manipulation scheme. His son, former chief financial officer Timothy Rigas, received 20 years.
Ebbers is the first of several former WorldCom officials to receive a prison sentence. Five subordinates who took part in the fraud are scheduled to be sentenced later this summer. Chief among them is onetime finance chief Scott D. Sullivan, who pleaded guilty to conspiracy and testified against Ebbers. Sullivan faces as many as 25 years behind bars, although experts said he likely will win a significant reduction in prison time given his cooperation with prosecutors. He is scheduled to be sentenced Aug. 4.
Nothing like honour amongst thieves is there?
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