Sullivan gets five years for WorldCom fraud
An AP newswire article, via MSNBC, reports that:
Former WorldCom finance chief Scott Sullivan was sentenced to five years in prison Thursday for his high-ranking role in the largest accounting fraud in U.S. history.
Sullivan became the fifth WorldCom executive to be sentenced to prison in the $11 billion scandal. His sentence is topped only by that of ex-CEO Bernard Ebbers, who got 25 years.
Sullivan, 43, was the star witness at Ebbers’ trial earlier this year, testifying the CEO repeatedly instructed him to “hit the numbers” — or adjust WorldCom’s books to meet Wall Street expectations.
posted by Fergie @ 8/11/2005 09:05:00 AM
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