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Latest Business News

Ebbers Won't Face State Charges in Okla.

Wednesday, July 13, 2005 4:21:01 PM
By RON JENKINS

OKLAHOMA CITY (AP) - Oklahoma will drop its prosecution of former WorldCom chief executive Bernard Ebbers now that a federal judge has given him a 25-year prison sentence, the state's attorney general said Wednesday.

"Justice has been served in this case and Ebbers' federal sentence is sufficient to satisfy the state," Attorney General Drew Edmondson said after Ebbers was sentenced in federal court in New York. "In the interests of judicial economy, I see no reason to further pursue Ebbers in state court."

Edmondson charged Ebbers, WorldCom and five other executives in August 2003 with 15 counts of violating the Oklahoma Securities Act. Edmondson delayed the case at the request of U.S. Attorney David Kelley, whose office charged Ebbers in March 2004.


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