More WorldCom senior execs are in the firing line as federal prosecutors today revealed plans to level new charges and indict new defendants.
The announcement came just as Scott Sullivan and Buford Yates, WorldCom's former senior finance executives, pleaded not guilty to charges against them in the inquiry into the largest accounting scandal in US history.
Assistant US attorney David Anders said that he planned to file a further indictment in the case, which has already seen five of WorldCom's top brass putunder investigation.
Sullivan and Yates faced one count of securities fraud and conspiracy to commit both securities fraud and fraud in connection with securities dealings.
The charges carry prison terms of up to 10 years and fines of $1m.
Sullivan remains free on $20m bail, and Yates was released on a $500,000 bond. A pre-trial hearing was scheduled for 9 December.
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