Ebbers Ordered to Report to Prison

NEW YORK -- A federal judge ordered the former chief executive of WorldCom, Bernard J. Ebbers, who was convicted of orchestrating an $11 billion accounting fraud, to report to federal prison on Sept. 26 to begin his 25-year sentence, Reuters reported.

Ebbers must report to an institution to be designated by the Bureau of Prisons, according to the order dated Tuesday from Judge Barbara S. Jones of Federal District Court in Manhattan, Reuters reported.

In March 2005, a jury convicted Ebbers of nine counts of conspiracy, securities fraud and other crimes that led to the telephone company's July 2002 bankruptcy, Reuters reported.

He had remained free on bail while appealing his conviction and sentence, but in July a three-judge panel of the United States Court of Appeals for the Second Circuit affirmed both, Reuters reported.

-- NYSSCPA.org News Staff

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