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Ebbers guilty - Ex-WorldCom chairman guilty on all nine counts in massive accounting fraud.
CNN ^ | 3/15/2005 | NA

Posted on 03/15/2005 9:31:26 AM PST by Daus

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To: Daus

Speaking as a person whose husband lost just over a hundred thousand dollars worth of MCI stock after years of bi-weekly investing, I say, GOOD!

Lock him up and throw away the key.


21 posted on 03/15/2005 9:40:44 AM PST by proud American in Canada
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To: soccer_linux_mozilla
Everyone sounds so surprised

I am surprised they got him on all counts.
22 posted on 03/15/2005 9:41:02 AM PST by Daus
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To: Daus

Get several ropes...


23 posted on 03/15/2005 9:41:41 AM PST by 7.62 x 51mm (• Veni • Vidi • Vino • Visa • "I came, I saw, I drank wine, I shopped")
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To: Daus

Can he be deported back to Canada now???


24 posted on 03/15/2005 9:44:33 AM PST by retrokitten (I heart Tony Snow)
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To: Daus; All

So I just emailed my husband about this.

He said, "I don't think he has that long left to live. Too bad."

We know a lot of people who retired early in the hey day -- I sure hope they diversified.


25 posted on 03/15/2005 9:44:52 AM PST by proud American in Canada
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To: Daus

Woo Hoo!

Justice!


26 posted on 03/15/2005 9:45:23 AM PST by Danae (Liberalism is a mental disorder.)
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To: Daus

Judge: Mr. Ebbers you have just been found guilty of one of the most flagrant fraud schemes in American history.

Now go home and be with your loved ones to await sentencing.

Judge in a courtroom down the hall: Mr. Joe Six-pack you have just been found guilty of failure to pay traffic tickets in the amount of $250.00.

Bailiff take him away!


27 posted on 03/15/2005 9:45:43 AM PST by Dad2Angels
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To: TXBSAFH
Right next to Ken lay.

Ken Lay hasn't been convicted yet, has he?

28 posted on 03/15/2005 9:47:17 AM PST by marvlus
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To: Daus

So now, for the next 85 years the taxpayers (including all who lost money because of Ebbers) will pay for his "room and board" at some cushy Federal prison. I hope they fine him big time in addition to doing time.


29 posted on 03/15/2005 9:48:33 AM PST by CitizenM (An excuse is worse and more terrible than a lie, for an excuse is a lie guarded. Pope John Paul II)
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To: Daus

The next democrat President (God forbid, will pardon him.


30 posted on 03/15/2005 9:49:23 AM PST by Ron in Acreage (Kerry is (no longer) a threat to national security)
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To: marvlus

The trial is in January, I hope to make the jury. I will be the one in the black hood with the rope.


31 posted on 03/15/2005 9:51:19 AM PST by TXBSAFH (Never underestimate the power of human stupidity--Robert Heinlein)
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To: Ron in Acreage

From another egotist like Ebbers - John Kerry: "Hey Terazza...box us some pickles and ketchup to send to our friend Bernny in the pen! I want him to be beholden to us when I pardon him. I could use a clever man like that in my administration when I become president."


32 posted on 03/15/2005 9:54:09 AM PST by CitizenM (An excuse is worse and more terrible than a lie, for an excuse is a lie guarded. Pope John Paul II)
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To: marvlus
Ken Lay hasn't been convicted yet, has he?

I think he has. His trial begins in January, I think.

33 posted on 03/15/2005 9:55:16 AM PST by b4its2late (Despite the high cost of living, have you noticed how it remains so popular?)
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To: TXBSAFH

Wow, we gotta wait 9 more months? How long do these people get to prepare? - sheesh luwees.


34 posted on 03/15/2005 9:55:21 AM PST by marvlus
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To: marvlus
We want to build the gallows just right.
35 posted on 03/15/2005 9:56:19 AM PST by TXBSAFH (Never underestimate the power of human stupidity--Robert Heinlein)
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To: Daus; Ramius
Less than two weeks after WorldCom's downfall, President Bush signed into law one of the toughest corporate governance laws in history. The Sarbanes-Oxley Law, which included a provision making corporate chiefs criminally responsible for false regulatory filings, was a direct response to the corporate chicanery that cost investors billions of dollars and untold workers their jobs.

It's also a nightmare for folks to have to contend with in corporations. The filings that these companies have to do will do nothing if someone TRULY wants to defraud stockholders. If someone is crooked, all the regs in the world won't stop them, but the regs WILL cause honest corporations to spend untold millions in money and wasted time trying to please congressmen and women who have no clue what goes on in business from day to day.

Next time, they ought to take their time and get some input from honest folks who will be directly affected by their legislation before passing new laws.

36 posted on 03/15/2005 9:57:22 AM PST by SuziQ
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To: mhking
"Not so fast."

Our broken, inefficient trial system will give this man ample time for appeals so I don't look for him to begin serving any time for several years. Ironic that he will use the funds from his numerous frauds to forestall imposition of justice.

Just look at the Enron outrage - it won't even come to trial until early 2006 and then, God wiling, after guilty verdicts are received, it will be so many more years until justice in the form of imposition of the sentences is actually obtained.

As far as any Civil findings, don't hold your breath on that one either - IMO it will be several more years before any money is taken out of this Blood Sucker's hands and very probably after many of those who were destroyed are long since past being able to use whatever recompense is adjudicated.

37 posted on 03/15/2005 9:58:50 AM PST by drt1
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To: proud American in Canada
Speaking as a person whose husband lost just over a hundred thousand dollars worth of MCI stock after years of bi-weekly investing

Sorry to hear that. I'm sure this doesn't help like $100K but hopefully it's something. :)
38 posted on 03/15/2005 9:59:00 AM PST by Daus
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To: KC_Conspirator
"I wonder who will be the first knee jerk Republican to say that Ebbers was only found guilty because of class envy?"

I haven't heard this kind of thing from any Republicans as it relates to any of the corporate scandals.

39 posted on 03/15/2005 10:02:24 AM PST by MEGoody (Ye shall know the truth, and the truth shall make you free.)
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To: Daus
Holy (b)alance (s)heet, Batman!
40 posted on 03/15/2005 10:04:14 AM PST by colorado tanker (The People Have Spoken)
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