BREAKING NEWS ~ Former WorldCom finance chief gets five year prison term

[JURIST] AP is reporting that former WorldCom CFO Scott Sullivan has been sentenced to five years in prison for his role in the company's $11 billion accounting fraud, the largest in US history. Sullivan is the fifth former executive from WorldCom to receive a prison sentence. In July, former WorldCom CEO Bernard Ebbers [JURIST news archive] received a 25-year prison sentence [JURIST report] after being convicted of fraud, conspiracy and filing false documents with regulators. Also in July, Sullivan and two others entered into civil settlements [JURIST report] with investors over their roles in the WorldCom accounting fraud [JURIST news archive].



 

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