HOLY CRAP!

NEW YORK (AP) - Bernard Ebbers, who built WorldCom from a humble Mississippi long-distance firm into a telecommunications titan, was convicted Tuesday of engineering the colossal accounting fraud that sank the company.

A federal jury in Manhattan deliberated eight days before returning guilty verdicts on all charges including one count of conspiracy, one count of securities fraud and seven counts of false regulatory filings - crimes carrying up to 85 years in prison.

I wasn't expecting this. MCI Worldcom was one of Mississippi's biggest employers. for a while, anytime i spoke w/ someone, they seemed to be working there. Now they are substantially gone. It seems the guy that brought the business here also brought the company down. I wonder if he'll do any real time? My bet is that this guy, orchestrating the largest instance of fraud in the history of the WORLD won't serve the same time as a guy convicted of armed robbery.