Link: WorldCom scandal
The charges include conspiracy to commit securities fraud, securities fraud and filing misleading information with the US Securities and Exchange Commission.
And former finance director, Scott Sullivan, has pleaded guilty to three criminal charges: conspiracy, fraud and making false statements to regulators about WorldCom’s financial state.
The news was revealed by John Ashcroft, US attorney general.
Cambridge-based Frontier Developments has appointed Alex Bevis as its next finance chief
Some of the UK’s top companies are failing to adequately report poor performance and sometimes obscure their true profit figures
Chartered accountant Colin Adams rebuilt the AIM listed company’s finance team and helped turn the business around after a challenging period