WorldCom fraudster faces prison

[emad]

August 08, 2005

By James Doran, Wall Street Correspondent



SCOTT SULLIVAN, the former finance director of WorldCom, this week faces at least ten years in prison for his part in orchestrating the $11 billion fraud that brought about the telecoms company’s collapse.

Sullivan will be sentenced in a Manhattan court on Thursday by Judge Barbara Jones, who last month jailed Bernie Ebbers, his former boss, for 25 years. The counts of fraud and conspiracy to which Sullivan pleaded guilty carry a possible sentence of more than 170 years, although federal guidelines recommend 24 years. Sullivan became a co-operating witness, however, claiming that he was only following orders laid down by Ebbers.

He admitted that he and other “senior management” members engaged in the scheme that ended with the loss of 20,000 jobs and up to $600 million in pension funds.

http://www.timesonline.co.uk/newspaper/0,,170-1725922,00.html

[tallahasseedem]

1. I hope he burns in hell...

my Husband and I lost some serious money because of his scheming ways. Many years of loyal service my Husband put into that company for nothing.

[Prisoner_Number_Six]

2. Now if only they'd do something about Enron's Kenny Boy Lay

That cockbiter and his pals has yet to feel handcuffs on their wrists.