Ex-WorldCom CFO Gets 5 Years in Prison

[Freddie Stubbs]

Thursday August 11, 1:43 pm ET
By Erin Mcclam, Associated Press Writer
Ex-WorldCom CFO Gets 5 Years in Prison for Role in Fraud; Judge Calls Him 'Architect' of Scheme


NEW YORK (AP) -- Former WorldCom finance chief Scott Sullivan, who carried out the largest accounting fraud in U.S. history but insisted he did it under pressure from his boss, was sentenced to five years in prison Thursday by a judge who called him "the architect" of the scheme.

U.S. District Judge Barbara Jones praised Sullivan for pleading guilty last year and helping the government build its case against ex-CEO Bernard Ebbers, who was sentenced to 25 years in prison.

The judge said she was giving Sullivan a break because his wife has diabetes and during her frequent hospitalizations has been unable to care for the couple's daughter.

Still, "Mr. Sullivan's offenses were of the highest magnitude," Jones said. "Mr. Sullivan, I believe, was the architect of the fraud. Mr. Sullivan was the day-to-day manager, if you will, of the scheme."

more: http://biz.yahoo.com/ap/050811/worldcom_sullivan.html?.v=14

[SteppingRazor]

1. About the minimum he could receive, but he did testify against Bernie n/t

[T Roosevelt]

2. Let's hope he spends it in Sing Sing

is Sing Sing still open?

[GoddessOfGuinness]

3. I don't have a problem with giving him a break

but why not give these yahoos some community service time? All they do in jail is get shut out of society, which they're out of touch with in the first place.

Community service in a low-income neighborhood or in an unemployment office would give them a chance to understand what was so terrible about what they did, and an opportunity to truly redeem themselves.

[Jacobin]

4. "Giving the guy a break" because his wife has diabetes?

Anyone wanna bet on whether this judge would have given a rat's ass about some blue collar criminal's wife's illness in sentencing?

This make me wanna retch.

Sonofabitch should get life for the amount he stole and the retirement accounts he zeroed.

He's a pig.

[LTR]

5. dupe

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x1693716