WorldCom’s Bernard Ebbers Wins Early Release From Prison
- Former CEO is granted compassionate release by U.S. judge
- Ebbers is serving a 25-year prison sentence for fraud
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Bernard Ebbers, the former WorldCom Inc. chief executive officer, was ordered freed from prison, almost eight years before he was due to be released.
A federal judge in Manhattan on Wednesday granted compassionate release to Ebbers, who has served more than 13 years of a 25-year sentence for orchestrating an $11 billion accounting fraud that bankrupted the company. U.S. District Judge Valerie E. Caproni said Ebbers’s health is failing and that letting him out early doesn’t minimize the impact of his punishment.