Milestones Aug. 22, 2005

INDICTED. JACK ABRAMOFF, 40, a top Republican lobbyist enmeshed in ethics investigations of his close friend, House majority leader Tom DeLay; on unrelated charges of defrauding lenders in the $147.5 million purchase of a casino cruise line in Florida five years ago; in Fort Lauderdale, Fla.

SENTENCED. SCOTT SULLIVAN, 43, former chief financial officer who admitted to engineering Worldcom's $11 billion accounting fraud; to five years in prison; in New York City. Sullivan, who had been facing a jail term five times as long, received leniency in return for his pivotal testimony against the telecom's former CEO, Bernie Ebbers, who was...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!