'Yes, I lied' WorldCom finance chief tells fraud trial

[emad]

Times
From Abigail Rayner in New York



SCOTT SULLIVAN, the former WorldCom finance chief, admitted lying to the board and an internal auditor during the $11 billion (£5.8 billion) accounting fraud.

On the first day of his cross-examination yesterday Mr Sullivan conceded that he had lied more than a dozen times about the financial health of the company, whose profits were deteriorating between 2000 and 2002.

Reid Weingarten, for Bernie Ebbers, the former chief executive of WorldCom, drew an admission that he misled the audit committee in 2002. “If you believe something is in your interest, you are willing and able to lie to accomplish it, isn’t that right?” he asked.

Mr Sullivan replied: “On that date, yes. I was lying.”

http://www.timesonline.co.uk/newspaper/0,,173-1487853,00.html

[dryan]

1. Good....

I hope they get the book thrown at them. My aunt has lost her entire life savings.

[liberal N proud]

2. Several of my family worked for world com

my brother, his wife, one of their kids and another nephew.
Out of the four only one is working and he travels all over the world just to stay employed.

[President Jesus]

3. No! Not Dubya-Saxby-Hatch-D'Amato-Inhofe-Demint supportin' Sullivan!

I can't believe he's a crook! The horror, the horror.

Scott Sullivan's political donations (complete history)

[nodictators]

4. What ever happened to that $15 million mansion he had in FL ?

Lying For Fun and Profit: The Way to the Top in Bushmerika!

Note: Orrin Hatch never got as much a 1% of the vote in any primary election in his aborted run for the presidency.

[KansDem]

5. It almost sounds like a challenge...

"Yeah, I lied. So...? Whadda going to do about it?...Huh...?"

After all, Bush lied us into war and the nation doesn't seemed to care. Why would we be concerned about Sullivan?