Cooperation pays: Sullivan gets five years
Article Abstract:
Scott Sullivan, former Chief Financial Officer of WorldCom Inc. of the United States has been sentenced to five years imprisonment for orchestrating an $11 billion fraud. The light sentence sends a message to white collar criminals that it can pay to cooperate with the United States authorities.
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2005
Communications, Broadcasting and Telecommunications, Telephone Communication, Telecommunications services industry, Telecommunications industry, Communications industry, Sullivan, Scott
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2005
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Marsh, Spitzer settle with $850 million, an apology to clients
Article Abstract:
Marsh & McLennan Companies Inc. has issued an apology to the firm's clients and $850 million restitution pay out after being convicted on civil fraud charges in an investigation led by New York State's Attorney General, Eliot Spitzer.
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2005
INSURANCE CARRIERS, Insurance industry, Marsh & McLennan Companies Inc.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2005
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Subjects list: United States, Company legal issue, Cases, Discipline, Fraud
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