Tuesday, September 26, 2006

CORPORATE CROOKS PAY STEEP PRICE

Two white collar criminals partially responsible for corporate scandals paid for their misdeeds on Monday. Andrew Fastow, former Chief Financial Officer at Enron, was sentenced to six years in prison for his role in one of the most infamous corporate scandals in United States history. Bernard Ebbers, former Chief Executive Officer at WorldCom, began serving his 25-year prison sentence for his part in an $11 billion accounting fraud.

Reuters

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