|Bernard Ebbers, right, leaves Manhattan federal court with his wife Kristie after being sentenced for his role in the collapse of WorldCom|
Former WorldCom chief executive Bernard Ebbers has been sentenced to 25 years in prison for his role in an $11 billion fraud scheme that led to the largest bankruptcy in American history.
The 63-year-old Ebbers was found guilty of inflating the company's earnings and hiding WorldCom expenses to fool investors and lenders in 2000.
On Tuesday, a federal judge in Manhattan denied his bid for a retrial.
Some 20,000 employees lost their jobs and $600 million in pensions were eliminated when the giant telecommunications company folded in 2002.
Some information for this report provided by Reuters.