FLASHBACK 2005: Bernie Ebbers sentenced to 25 years - MSNewsNow.com - Jackson, MS

FLASHBACK 2005: Bernie Ebbers sentenced to 25 years

Ebbers in 2002 (Source: WLBT) Ebbers in 2002 (Source: WLBT)
Ebbers in 1997 (Source: WLBT) Ebbers in 1997 (Source: WLBT)

July 13, 2005: Bernie Ebbers, the founder and former CEO of Clinton-based WorldCom, is sentenced to 25 years in federal prison. Ebbers had been convicted of fraud and conspiracy in what was then the largest accounting scandal in American history. 

It was a long fall from grace for the native Canadian who had settled in Brookhaven and became a major player in the long-distance telephone service industry with LDDS in the 1980s. The company grew quickly and eventually acquired MCI. All the while, it remained headquartered in Mississippi -- first in Jackson, and then in Clinton along Interstate 20.

The former headquarters is now called South Pointe Business Park. One of its major tenants is the Mississippi Department of Revenue.

Ebbers, now 73, is now housed at the Oakdale Federal Correctional Institution southwest of Alexandria, Louisiana. According to the Bureau of Prisons, his release date is July 4, 2028.

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