The first of the mid-level WorldCom executives who co-operated with
prosecutors probing wrongdoing at the company has been sentenced.
Former WorldCom director of management, Betty Vinson, was sentenced to five
months in prison for participating in the $11bn fraud that caused the collapse
of the telecoms giant.
The star witness at the trial of former WorldCom boss Bernie Ebbers, chief
financial officer Scott Sullivan, will also be sentenced on Thursday.
Vinson, who helped prepare financial document at WorldCom, pleaded guilty of
securities fraud and conspiracy. In addition to her five-month jail sentence,
she will serve an additional five months in home detention.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children