Bernard Ebbers, former CEO of World Com, has been convicted on 9 counts of fraud and conspiracy and filing false reports with government regulators in the $11 Billion book-cooking scandal that left stock holders and pensioners holding their di***.....er........empty bags.
According to The New York Times, the success of the government's case mostly hinged on the testimony of former Chief Financial Officer, Scott D. Sullivan, who pleaded guilty to his role in the fraud and could get up to 25 years in prison himself (but I'd guess his actual sentencing will be contingent on Ebbers' conviction). Ebbers' himself could get 5-10 years for each of the nine counts, but he won't be sentenced until June 13th and is out free on bail.
So what do you think? Will the guy show up for his sentencing date, do the honorable thing, or take an extended vacation in an undisclosed location somewhere far, far, away? Don't know why they think a rich white guy isn't a flight risk.
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