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A federal judge has authorized the release of former WorldCom Inc. Chief Executive Bernard “Bernie” Ebbers from prison after more than 13 years because of his deteriorating health.
From the MarketWatch archives (March 2005): Ex–WorldCom CEO Ebbers found guilty
Plus (July 2005): Ebbers sentenced to 25 years in prison
Judge Valerie Caproni on Wednesday granted his family’s request for a compassionate release. Ebbers, 78 years old, is serving a 25-year prison term for participating in one of the largest accounting frauds in history.
One of his daughters this fall requested that the former telecom boss be released early, citing his time served and health conditions including blindness, weight loss and mental and physical decline.
An expanded version of this report appears at WSJ.com.
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