Ebbers allowed to remain free for appeal

[Yo_Mama_Been_Loggin]

NEW YORK (Reuters) - Bernard Ebbers, former head of WorldCom Inc., will be allowed to remain free on bail as his attorneys appeal his March conviction on multiple counts of fraud, according to a ruling made on Wednesday in New York.

U.S. District Court Judge Barbara Jones' ruling means that Ebbers would not have to report to a medium-security prison in Oakdale, Louisiana as scheduled on October 12.

Ebbers was sentenced in July to 25 years in prison for his role in the fraud that led to the largest U.S. corporate bankruptcy.

A jury convicted him in March of nine counts of conspiracy, securities fraud and filing false statements with regulators stemming from the $11 billion accounting scandal at WorldCom.


http://news.yahoo.com/s/nm/20050908/bs_nm/crime_ebbers_bail_dc

[Tace]

1. Amazing To Me That He Wouldn't Be Seen As A Flight Risk

I would be SO out of here.

[valerief]

2. The rich take care of the rich

The poor are toys for them

[Ms. Clio]

3. Yeah, as if we needed any more proof of that

The hits just keep on coming.

[Joebert]

4. Well, Duh, how could he stimulate the economy from prison?

If they put him in jail, he can't buy all the stuff that promotes job creation!

You people are so cynical and selfish.

:-)

[Yo_Mama_Been_Loggin]

5. Oh I see

When he bought MCI with worthless junk bonds he was being entrepreneurial.