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29 Aug 2002
If found guilty, Sullivan, who was arrested last month, could face a jail term of up to 65 years.
The grand jury indictment however does not include former controller David Myers who was also arrested at the same time, raising speculation that he is arranging a plea bargain, which would secure his co-operation in the case.
According to the Financial Times the indictment portrays Sullivan as the brains behind the plan to record WorldCom expenses relating to third-party telephone lines as income and massively overstate its figures.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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