The announcement came just as Scott Sullivan and Burford Yates, WorldCom’s former senior finance executives pleaded not guilty to charges against them in the inquiry into the largest accounting scandal in US history.
Assistant US attorney, David Anders, said that he planned to file a further indictment in the case that has already seen five of WorldCom’s top brass be investigated.
Sullivan and Yates faced one count of securities fraud and conspiracy to commit both securities fraud and fraud in connection with securities dealings.
The charges carry prison terms of up to 10 years and fines of $1m.
Sullivan remains free on $20m bail, and Yates was released on a $500,000 bond. A pretrial hearing was scheduled for December 9.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016