from the AP:

Appeals Court Upholds Ebbers Conviction
Friday July 28, 3:10 pm ET
By David B. Caruso, Associated Press Writer
Conviction of Former WorldCom CEO Ebbers Upheld; Could Clear Way for Jail Term
NEW YORK (AP) -- A federal appeals court on Friday upheld the conviction of former WorldCom Inc. Chief Executive Bernard Ebbers on charges related to a multibillion dollar accounting fraud. The ruling by the three-judge panel of the 2nd U.S. Circuit Court of Appeals could clear the way for Ebbers to begin serving a 25-year prison sentence for his actions as head of the telecommunications company.
Convicted in 2005, Ebbers had argued on appeal that he had been denied a fair trial and that his lengthy prison sentence was unreasonable.

there is more of the article, its easy to find on yahoo. i know its not exactly fresh off the wire, but i thought i had to post in homage to Cramer the wise.