Some Worldcom crooks awarded get out of jail card

Posted on by luken7

Pair of WorldCom ex-officials who aided case may avoid jail
The two lowest-ranking former WorldCom officials who pleaded guilty to participating in the telecom company’s $11 billion accounting fraud are likely to get sharply reduced sentences and may avoid jail altogether when they are sentenced in a U.S. federal court in Manhattan on Friday. Betty Vinson and Troy Normand were the managers in WorldCom’s accounting department who executed the changes to the books orchestrated by their superiors. Each has pleaded guilty to one count of conspiracy and one count of fraud. Normand and Vinson testified for the prosecution at the trial of former WorldCom CEO Bernard Ebbers, who was convicted of fraud, conspiracy and filing false financial documents. . WSJ.com, 8-05-05

Published by luken7

An avid and passionate sailor, drummer and technologist. My career focuses around computing and storage technologies. My passion is sailing and playing drums. I love music, especially progressive jazz and rock.