A federal judge Thursday sentenced former WorldCom Inc. finance chief Scott D. Sullivan to serve five years in prison for helping to direct an $11 billion accounting fraud that drove the telecommunications giant into the nation's largest bankruptcy.
U.S. District Judge Barbara Jones could have sent Sullivan away for as many as 25 years. But she credited him with "extraordinary" cooperation, including seven days he spent on the witness stand earlier this year testifying against his former boss and mentor, Bernard Ebbers.
Before the sentencing, Sullivan told the judge, "I am sorry for the hurt that has been caused by my cowardly decisions. I stand before you today ashamed and embarrassed. I deeply regret my actions and apologize for the pain I have caused."
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