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WorldCom's Sullivan Gets Five Years

Scott Sullivan, the former CFO at WorldCom, was today sentenced to five years in prison and three years probation for his role in the $11 billion corporate fraud that brought the telecom giant to its knees.

"It is extremely fortunate that there was an opportunity for you to cooperate in this case," said U.S. District Court Judge Barbara Jones during the sentencing. "While you are not as culpable as Mr.Ebbers, you would have faced a substantial sentence had you not cooperated with the government."

Sullivan faced a maximum of 25 years in the slammer, but avoided that much time by pleading guilty to his part in the fraud last year, and turning on his former boss, WorldCom CEO Bernie Ebbers.

Last month Ebbers was sentenced to 25 years after being found guilty of securities fraud, conspiracy, and seven counts of false filing with the Securities and Exchange Commission (SEC). (See Ebbers Sentenced: See You in 2030, Readers Want Jail for Ebbers, and Learning From Bernie.)

Sullivan addressed the judge prior to his sentencing today, expressing remorse for his actions and begging for leniency. I stand before you today shamed and embarrassed,” he said. “I deeply regret my actions and apologize for the harm these actions have caused.”

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