Wednesday, August 10, 2005

WorldCom Ex-Controller Gets One Year

An AP newswire article by Erin McClam, via SFGate.com, reports that:

The former controller of WorldCom, who admitted playing a pivotal role in the $11 billion accounting fraud, was sentenced Wednesday to one year and one day in prison.

David Myers, 47, was the third-highest-ranking company official to face charges in the record fraud. He pleaded guilty to conspiracy and securities fraud nearly three years ago. He was ordered to surrender to prison Oct. 10.

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