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.
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
UK senior partner Phil Verity has been elected for a second term at Mazars