The verdict is finally in.
Bernard Ebbers, the former WorldCom CEO, was convicted on nine counts of fraud on Tuesday, including securities fraud, filing false reports, and conspiracy.
After more than a week of deliberations, the jury handed down its verdict, which could land Ebbers in a federal prison for the rest of his life. The convictions collectively carry a maximum penalty of 85 years in prison. Sentencing is set for June 13.
The New York Times wrote that Ebbers' conviction was a "major victory for the government." Journalists and pundits say the verdict will serve as a … Read more