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Accountant Scott Sullivan is best known for committing accounting fraud that led to WorldCom's $11 billion financial collapse.
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Business executive, accountant and convict. Born Scott D. Sullivan in 1963 in New York. Scott Sullivan attended Bethlehem Central High School in Delmar, New York, and received his B.S. in Accounting from the State University of New York at Oswego in 1983. He is an American Certified Public Accountant and the former Chief Financial Officer, Treasurer, and Secretary of WorldCom.
In 2002, Sullivan was convicted on several counts of accounting fraud relating to his role in WorldCom's $11 billion financial collapse, the largest scandal of its kind in U.S. history. Sullivan, who is considered the mastermind behind the WorldCom accounting scheme, pleaded guilty to the charges and was sentenced to five years in prison as part of a plea agreement. In exchange, he testified against former WorldCom CEO Bernard Ebbers, who received a 25-year sentence. Sullivan is currently serving his sentence at the federal prison in Jessup, Georgia.
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