On Friday, the 2nd Circuit affirmed the conviction and 25-year prison sentence of Bernard J. Ebbers, the former CEO of WorldCom whose reputation and business were destroyed by an $11 billion accounting fraud. The panel rejected Ebbers' arguments that prosecutors were allowed to manipulate the trial because Southern District of New York Judge Barbara Jones would not order them to grant immunity to three former WorldCom executives who were under investigation and declined to testify as defense witnesses.
2nd Circuit Affirms Ebbers Conviction, 25-Year Sentence
New York Law Journal
July 31, 2006