The judge said his mental and physical condition had worsened with his weight dropping from more than 90kg in 2018 to 62kg earlier in DecemberFormer WorldCom CEO Bernard Ebbers in New York, the US, in February 2005. Picture: AFP/STAN HONDA
Ebbers was sentenced in 2005 for overseeing the fraud, which hid costs and shifted reserves to boost the company’s profits. He was scheduled to be released in July 2028 with credit for good behaviour. It is not immediately clear when he will leave prison. Attorneys for Ebbers’s family asked Caproni in September to free him due to a host of health problems, including macular degeneration that has left him legally blind and a heart condition that makes him vulnerable to cardiac arrest.
Caproni said that she had received numerous letters from shareholders who lost money in the WorldCom collapse. She noted some thought Ebbers should die in jail while others expressed support for releasing the former milkman who built a small Mississippi phone company into the second-largest US long-distance provider before it fell apart.
Good man
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Former top Deutsche bank man faces five years in jailAppeal could drag on for years after conviction for accounting fraud and market manipulation
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: SABC News Online - 🏆 32. / 51 Read more »
Former top Deutsche bank man faces five years in jailAppeal could drag on for years after conviction for accounting fraud and market manipulation
Source: BDliveSA - 🏆 12. / 63 Read more »