A federal judge has granted former WorldCom Chief Executive Officer Bernard Ebbers an early release from prison due to his deteriorating health, after serving 13 years of a 25-year sentence for participating in one of the biggest accounting frauds in the history of the United States.

Ebbers stepped down as CEO of WorldCom in 2002. Shortly after, the company filed for bankruptcy, making it the largest Chapter 11 filing in U.S. history at that time.

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Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...