More WorldCom Charges Are Possible

"The government is continuing its investigation and we do plan to supersede at some point, to add charges to the same scheme and to potentially add defendants," Anders said after Jones asked him if he was prepared to set a trial date.

Anders spoke to the judge during the arraignment of former WorldCom chief financial officer Scott Sullivan and accounting executive Buford Yates Jr. Both men pleaded innocent to securities fraud charges.

Dec. 9 was set for a pretrial hearing.

The prosecutor said he was preparing to turn over to defense lawyers 100 to 150 boxes of evidence seized in the case.

id
unit-1659132512259
type
Sponsored post

Sullivan remains free on $10 million bail while Yates--who was making his first court appearance--was released on a $500,000 bond.

Yates' attorney David Schertler said he will soon file papers seeking to have his client's trial moved out of New York. If the request is granted, that could lead to a separate trial for Yates, 46, who lives in Brandon, Miss.

Outside court, Schertler declined to comment further on the case.

Sullivan and his lawyer ducked into a waiting black Cadillac without speaking to a crush of reporters.

WorldCom, which owns the nation's No. 2 long-distance telephone company MCI, became the biggest corporate bankruptcy in U.S. history on July 21.

Sullivan and former comptroller David Myers are charged with directing other WorldCom employees to hide $3.8 billion in expenses, allowing the company to misstate earnings by an even greater amount.

At their orders, accounting executives Yates, Betty Vinson and Troy Normand helped carry out the mammoth corporate accounting fraud, prosecutors charge.

Copyright © 2002 The Associated Press. All rights reserved. The information contained in the AP News report may not be published, broadcast, rewritten or redistributed without the prior written authority of The Associated Press.