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Post Info TOPIC: Bernie Ebbers
WorldCom victim

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Bernie Ebbers
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Bernie Ebbers get sentenced tomorrow. the NY Times anticipates a long sentence--tantamount to life for the 63 year old, former Hattiesburg motel and long-distance telephone entrepreneur. He's been stripped of his assets--his wife gets a modest ranch house in Jackson and $50,000. Looks like she'll be going back to work.

That Mississippi's change to develop a high-tech industry had to be undone by the biggest thief in American history is a base tragedy. He has shamed the hard-working people of our state.



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Emma

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I agree.

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Hangin' Judge

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Emma wrote:


I agree.

25 years!!

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Brookhaven Eagle

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Tougaloo boss recalls Ebbers' generosity

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Caveat Emptor

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Isn't there a Latin expression "caveat emptor" that means "let the buyer beware"? I think investing should be the same way. If you're willing to invest big bucks and then spend zero time monitoring your investment, you're asking to get cleaned out.

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Veni Vedi Vici

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Caveat Emptor wrote:


Isn't there a Latin expression "caveat emptor" that means "let the buyer beware"?

Many schools have Latin mottos. Maybe "caveat emptor" would be a suitable one for  USM at the present time.

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Worldcom victim

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Here's the key quote from the Clarionledger article:


"He was benevolent with other people's money and gave it to who he wanted to," said Rep. Phillip Gunn, R-Clinton, a former WorldCom investor, who said he and a number of friends lost a lot of money."


Ebbers is a thief whose crimes have affected millions of people. If he had robbed a convienence store, there would have been no question about a long sentence. He steals billions and perpetrates the largest financial fraud in American corporate history, ever, and folks defend him because he gave some money away.

I found it interesting that when jurors were interviewed after the trial, a number of them said that Ebbers' own testimony convinced them of his guilt.

Remember, his defense was "oh, I didn't know. I didn't pay too much attention to the company finances" Yeah, right. He can think about that while he sits in the pokey.



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