The parade of disgraced former executives through federal court in lower Manhattan continued Monday with the guilty plea of Buford Yates in the WorldCom case. Yates, formerly WorldCom's director of general accounting, admitted his role in the multibillion-dollar accounting scandal, telling a judge he was part of a scheme to conceal spiraling costs on the company's balance sheet in an effort to boost WorldCom's stock price.
October 08, 2002 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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