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This week, Enron's Andy Fastow was sentenced and WorldCom's Bernie Ebbers reported to jail. Here's our up-to-date tally of what happened to executives at five of the most infamous financial frauds in Corporate America.
Joseph McCafferty, CFO.com | US
September 29, 2006
|Where Are They Now?
The outcome of five major financial-fraud trials
|Bernard Ebbers, former CEO||Guilty verdict||25 years|
|Scott Sullivan, former CFO||Pleaded guilty||5 years|
|David Myers, former controller||Pleaded guilty||1 year, 1 day|
|Buford Yates, former accounting director||Pleaded guilty||1 year, 1 day|
|Kenneth Lay, former chairman||Guilty verdict||Deceased|
|Jeffrey Skilling, former CEO||Guilty verdict||Due to be sentenced 10/23|
|Andrew Fastow, former CFO||Pleaded guilty||6 years|
|Lea Fastow, former treasurer||Pleaded guilty||1 year|
|Michael Kopper, former managing director||Pleaded guilty||Due to be sentenced 11/03|
|John J. Rigas, founder||Guilty verdict||15 years|
|Timothy Rigas, former CFO||Guilty verdict||20 years|
|Michael Rigas, former executive VP||Not guilty*||—|
|James R. Brown, former vice president||Pleaded guilty||Awaiting sentencing|
|Michael C. Mulcahey, former assistant treasurer||Acquitted||—|
|Dennis Kozlowski, former CEO||Guilty verdict||8 to 25 years|
|Mark Swartz, former CFO||Guilty verdict||8 to 25 years|
|Mark Belnick, former general counsel||Acquitted||—|
|Richard Scrushy, former CEO||Acquitted||—|
|Malcolm McVay, former CFO||Pleaded guilty||7 days**|
|Weston Smith, former CFO||Pleaded guilty||2 years, 2 days|
|William T. Owens, former CFO||Pleaded guilty||5 years|
|Michael Martin, former CFO||Pleaded guilty||3 years|
|Aaron Beam Jr., former CFO||Pleaded guilty||3 months|
|Emery Harris, former assistant controller||Pleaded guilty||5 months|
|*Found not guilty of conspiracy and wire fraud. Will be retried on 15 other charges.
**Sentence has been appealed by the federal government and is under review.
Source: CFO research, various reports