Scott Sullivan pleads guilty, Ebbers to be charged

Former WorldCom (MCI) CFO Scott Sullivan has pleaded guilty to the criminal charges against him that were involved in the $11 billion accounting game they played. Additionally, Attorney General John Ashcroft is to Announce Charges Against Ex-WorldCom CEO, Bernie Ebbers. Ebbers has generally claimed innocence in all of this, so we’ll see in court how much knowledge he actually had of all of this. It’s hard to imagine a CEO not knowing about $11 billion in misdirected accounting. I worked for WorldCom for a couple of years, after WorldCom acquired ANS from AOL.