Sully a School's Reputation
The guy described in the fun AP story below is, of course, presumed innocent until proven guilty in a court of law. He will have his day in court soon.
He's also noteworthy to me because he, like me, is an alum of SUNY Oswego. He got there long after I was gone.
Well, if it turns out that he is guilty, I'm guessing there'll be many, many people who will regard him as a shameful, greedy piece of selfish human garbage and a disgrace to the college's good name and that of all humankind.
It's a question all of us must be asking a lot these days: how can some people sleep or look in the mirror, knowing they've cheated and hurt others???
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New charges against ex-WorldCom CFO
Posted 4/16/2003 1:12 PM
NEW YORK (AP) — The government filed new bank fraud charges Wednesday against former WorldCom chief financial officer Scott Sullivan, accusing him of lying on financial statements to secure $4.5 billion in credit for the company.
Sullivan was already charged with ordering WorldCom accountants to move operating expenses off the books, making the company appear profitable when it was losing money. He has pleaded innocent to the charges.
Sullivan was CFO at Mississippi-based WorldCom when investigators say the company carried out a $9 billion accounting fraud, the largest in U.S. history.
A new indictment unsealed in federal court in Manhattan adds charges of bank fraud and making false statements to the counts Sullivan already faced.
The new charges add 120 years to his potential sentence, prosecutors said, although the sentence would likely be much less under federal sentencing guidelines if Sullivan were convicted.
The new charges accuse Sullivan of using false financial statements to obtain loans in 2001 from Bank of America, Chase Manhattan Bank, Citibank and other lending institutions.
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-M!
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