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To: maceng2 who wrote (189748)8/28/2002 6:23:27 AM
From: maceng2  Read Replies (1) | Respond to of 436258
 
...would result in substantial prison time.

WorldCom ex-CFO Sullivan faces grand jury charge over accounting fraud- report

Federal prosecutors plan to seek a grand jury indictment against WorldCom Inc's former chief finance officer Scott Sullivan as early as this week in connection with the 7.2 billion accounting fraud at the company, people familiar with the matter were quoted as telling the Wall Street Journal.

Talks between federal prosecutors and Sullivan have broken down and the ex-CFO faces the prospect of being indicted before a plea deal can be reached, the newspaper said.

The sources said Sullivan is resisting a plea offer from Manhattan prosecutors because it would entail admitting to charges that, under federal sentencing guidelines, would result in substantial prison time.

Meanwhile, plea negotiations are continuing with David Myers, the former WorldCom controller who was also charged with securities fraud earlier this month.

Myers could strike a deal with the government before a Sept 3 deadline set to indict the two men, the Journal said.

© AFX News

ananova.com



To: maceng2 who wrote (189748)8/28/2002 4:13:06 PM
From: maceng2  Respond to of 436258
 
Corruption index update..

transparency.org

Looking at the sample data in previous message..
Country......... 2001........2002
Canada........... 8.9.........9.0
UK............... 8.3.........8.7
USA.............. 7.6.........7.7
Russia........... 2.3.........2.7

Good improvement by each country! USA needs to listen to Canada more though.-g- Not sure about UK figures...I wonder if they have been fiddled?

From the Moscow Times a comment..

Russia's corruption indexes improves somewhat - Experts

Interfax. Wednesday, Aug. 28, 2002, 7:39 PM Moscow Time

MOSCOW. Aug 28 (Interfax) - The image of Russia in the eyes of entrepreneurs and analysts has somewhat improved, Transparency International center chairman Yuri Baturin told a news conference in Moscow on Wednesday.
In terms of the so-called corruption perception index, Russia is the 71st among 102 countries, compared to the 82nd place among 99 countries in 1999 and 82nd among 90 countries in 2000, he said.

"The amounts that change hands in bribe taking is not growing because they cannot be any larger," Yelena Panfilova, director of the center's Russian division said


themoscowtimes.com

Kinda silly throwing out a challenge like that imho