Wednesday, July 27, 2005
What's In Store for Scott Sullivan?
Without the testimony of Scott Sullivan, there would likely be no conviction against Bernard Ebbers, former CEO of WorldCom. Now the question will be, what sentence should Scott Sullivan receive for his criminal activities, activities to which he plead guilty.
Sullivan is set for sentencing on August 11th and the New York Times reports here of his settlement in a civil class action lawsuit where he will turn over assets such as his home in Boca Raton. This gives Sullivan an even better shot at a lesser sentence. He has cooperated with the government and he has tried to give back some proceeds to victims. Should this assist in reducing his sentence? Will it assist? Stay tuned.