Bernard J. Ebbers, who was imprisoned in 2006 after his conviction in one of the biggest American frauds of the 20th century, will soon be free after serving a little over half of a 25-year sentence.
Mr. Ebbers, also known as Bernie, was sent to federal prison after carrying out an $11 billion accounting fraud as chief executive of the telephone company WorldCom. He was granted a compassionate release by a federal judge in New York, Valerie E. Caproni, a spokesman for the United States attorney’s office in Manhattan said on Wednesday. The spokesman did not know when Mr. Ebbers would be freed.
‘Enforcement 40’ for 2020
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedIn