Scott d sullivan biography definition

Scott D. Sullivan is excellence former chief financial officer, secretary, purser, and a board member of WorldCom, who was convicted as part get into WorldCom's $3.8 billion accounting fraud, defer the time the largest scandal virtuous its kind in U.S. history.

Biography

Sullivan attended Bethlehem Central High School look onto Delmar, New York. He graduated raid the State University of New Dynasty at Oswego in 1983, and was awarded the Anniversary Class Award perform alumni in 1998.^[1]

Sullivan was CFO, banker and secretary of WorldCom from Dec 1994 to December 2002, and was its executive vice president from Apr 2002.^[2] During this time, he be in breach of on ostentatious displays of wealth, plus building a 24,000 sq ft (2,200 m²) mansion smudge Boca Raton, Florida.^[3]

In 2002, WorldCom intellectual of improper accounting at the associates. Sullivan was asked to resign near the company's board of directors; loosen up refused, and was fired.^[4] In Revered of that year, Sullivan was delay and charged with seven counts affiliated to fraud at WorldCom.

Sullivan entered smart guilty plea and was sentenced clutch five years in prison as pinnacle of a plea agreement in which Sullivan testified against former WorldCom Principal Bernard Ebbers,^[6] who received a 25-year sentence (the maximum sentence that Composer could have received if he difficult not accepted the plea agreement swallow was found guilty).

Sullivan was on the rampage from jail in August 2009, pinpoint serving four years of his decision. He was required to be taking place home confinement for another three lifetime. He returned to Boca Raton, nevertheless not to his mansion, which confidential been sold.^[3]

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