Nov 18, 2005         

Former WorldCom Chief Signs Agreement Over Fraud Charges

OKLAHOMA CITY (AP) Former WorldCom chief Bernie Ebbers signs an agreement that will delay action on state charges linked to the $11 (B) billion-dollar accounting scandal at WorldCom.

The agreement was announced yesterday by Oklahoma Attorney General Drew Edmondson. Edmondson postponed prosecuting Ebbers on state fraud charges until after he was tried in US District Court in New York. Ebbers is currently awaiting federal sentencing after being convicted of nine federal charges in March. He faces up to 85 years on those convictions.

Edmondson says the agreement with Ebbers stops the statute of limitations in the Oklahoma investigation from running until 30 days after the federal sentencing.

If Ebbers' federal sentence is sufficient, Edmondson says he'll consider dropping the state charges.
Source: Associated Press
Created: 3/31/2005
Updated: 4/1/2005 5:36:44 AM
44.4 °F
Tulsa, OK
Travis Meyer Says:
TONIGHT - Mostly clear. Lows in the upper 20s. South winds around 10 mph. FRIDAY - Mostly sunny. Highs in the mid 50s. West winds...