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Scott D Sullivan

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BUSINESS
July 27, 2005 | From Associated Press
Former WorldCom finance chief Scott D. Sullivan will sell a mansion he is building in South Florida and turn about $4 million in proceeds over to investors, federal prosecutors said. The agreement settles Sullivan's part in a lawsuit brought by investors who lost billions of dollars when WorldCom collapsed three years ago in an $11-billion accounting fraud.
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BUSINESS
July 27, 2005 | From Associated Press
Former WorldCom finance chief Scott D. Sullivan will sell a mansion he is building in South Florida and turn about $4 million in proceeds over to investors, federal prosecutors said. The agreement settles Sullivan's part in a lawsuit brought by investors who lost billions of dollars when WorldCom collapsed three years ago in an $11-billion accounting fraud.
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BUSINESS
December 25, 2002 | From Bloomberg News
WorldCom Inc.'s former chief financial officer, Scott D. Sullivan, once the highest-paid CFO in the U.S., can afford to defend himself against fraud charges in New York, prosecutors said in urging a judge not to transfer the case to Washington. Sullivan has claimed that a Manhattan trial would impose a financial hardship on him and his family. Sullivan also argued that Washington was "the only proper venue" because the Securities and Exchange Commission and relevant witnesses are there.
BUSINESS
December 9, 2003 | From Bloomberg News
Former WorldCom Inc. Chief Financial Officer Scott D. Sullivan must defend criminal fraud charges, a judge ruled as she turned aside his request to dismiss a federal indictment. Sullivan told U.S. District Judge Barbara Jones that the government's failure to specify which false statements he allegedly made, both in bank loan applications and in WorldCom securities filings, made his indictment unconstitutional. Jones disagreed.
BUSINESS
December 9, 2003 | From Bloomberg News
Former WorldCom Inc. Chief Financial Officer Scott D. Sullivan must defend criminal fraud charges, a judge ruled as she turned aside his request to dismiss a federal indictment. Sullivan told U.S. District Judge Barbara Jones that the government's failure to specify which false statements he allegedly made, both in bank loan applications and in WorldCom securities filings, made his indictment unconstitutional. Jones disagreed.
BUSINESS
October 11, 2002 | From Reuters
Two former WorldCom Inc. middle-level managers pleaded guilty Thursday to securities fraud, becoming the third and fourth executives to implicate superiors and help in the government's probe of alleged accounting fraud at the telephone giant. WorldCom, the No. 2 U.S. long-distance telephone carrier and one of the world's leading movers of Internet traffic, filed for bankruptcy protection in July. Betty Vinson, 47, and Troy Normand, 35, both of Madison, Miss.
BUSINESS
January 22, 2004 | From Bloomberg News
WorldCom Inc. asked a bankruptcy judge for permission to give former Chief Executive Bernard J. Ebbers and ex-Chief Financial Officer Scott D. Sullivan half of a $15-million insurance settlement to help them pay legal defense costs. WorldCom reached a settlement with National Union Fire Insurance Co. on executive liability coverage in November. The insurance was effective in 2002, when an $11-billion accounting scandal forced WorldCom into the biggest bankruptcy filing in U.S. history.
BUSINESS
April 23, 2003 | From Associated Press
Former WorldCom Inc. executive Scott D. Sullivan pleaded not guilty to new charges that he lied on financial statements to secure $4.25 billion in credit for the company. Six days after federal prosecutors leveled four new criminal charges against Sullivan, a federal judge postponed his trial, originally set to begin Sept. 8, to Feb. 2, 2004. Overruling government objections, U.S. District Judge Barbara S.
BUSINESS
September 2, 2002
* Today, first day that Boeing Co. machinists work without a contract, although no strike has been called. AFL-CIO President John J. Sweeney speaks to union members in Chicago on necessity of corporate accountability. * Tuesday, Congress reconvenes after monthlong recess. * Wednesday, former WorldCom executives Scott D. Sullivan and Buford Yates Jr. are scheduled to be arraigned in federal court in Manhattan.
BUSINESS
November 7, 2003 | From Bloomberg News
A judge delayed until March the prosecution of WorldCom Inc. on charges it defrauded Oklahoma shareholders by inflating revenue and expenses. Oklahoma Atty. Gen. Drew Edmondson sought the delay at the request of U.S. Atty. James B. Comey, who warned that state prosecution of the company could compromise witnesses in his case against former WorldCom Chief Financial Officer Scott D. Sullivan. Sullivan's trial is set to begin Feb. 4 in New York.
BUSINESS
December 25, 2002 | From Bloomberg News
WorldCom Inc.'s former chief financial officer, Scott D. Sullivan, once the highest-paid CFO in the U.S., can afford to defend himself against fraud charges in New York, prosecutors said in urging a judge not to transfer the case to Washington. Sullivan has claimed that a Manhattan trial would impose a financial hardship on him and his family. Sullivan also argued that Washington was "the only proper venue" because the Securities and Exchange Commission and relevant witnesses are there.
BUSINESS
October 4, 2002
* Ex-WorldCom Inc. Chief Financial Officer Scott D. Sullivan has asked that the judge presiding over his prosecution on securities fraud charges consider stepping down from the case because of a conflict of interest. U.S. District Judge Barbara S. Jones owns stock in WorldCom competitors AT&T Corp. and Verizon Communications, according to a filing. * A federal judge in Illinois ruled that Xerox Corp.'s pension plan must pay nearly $300 million to thousands of retirees. Xerox plans to appeal.
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