Ebbers’ lawyers wasted no time in going for the jugular by attacking the credibility of the prosecution’s star witness – former WorldCom finance executive Scott Sullivan – at a pre-trial hearing.
In what could be a nasty, sensational scrap The Independent reported that the defence was prepared to go so far as to delve into Sullivan’s alleged marital infidelity to discredit him. Judge Barbara Jones denied motion by prosecutors to block this line of questioning.
Jury selection for the trial – which could see Ebbers gaoled for 30 years if he is found guilty of the accounting fraud that triggered the biggest bankruptcy in history – starts today.
The trial itself is scheduled to begin in a week.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements