The Motley Fool Discussion Boards
Investing/Strategies / The Battle for Business Ethics
|Subject: CFO Scott Sullivan Gets Five Years||Date: 8/11/2005 12:36 PM|
|Author: zoningfool||Number: 525 of 532|
Ex-WorldCom CFO Scott Sullivan Gets Five Years in Prison for High-Ranking Role in Fraud Case
NEW YORK (AP) -- Former WorldCom finance chief Scott Sullivan was sentenced to five years in prison Thursday by a judge who called him "the architect" of the largest accounting fraud in U.S. history.
U.S. District Judge Barbara Jones said she was giving Sullivan a break because he had helped the government build its case against ex-CEO Bernard Ebbers and because his wife is extremely ill.
Still, the judge said, "Mr. Sullivan's offenses were of the highest magnitude. Mr. Sullivan, I believe, was the architect of the fraud at WorldCom."...
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|