STATEMENT OF ATTORNEY GENERAL JOHN ASHCROFT REGARDING THE INDICTMENT OF WORLDCOM EXECUTIVES

The following press release was published by the US Department of Justice on Aug. 27, 2002. It is reproduced in full below.

FOR IMMEDIATE RELEASE TUESDAY, AUGUST 27, 2002 WWW.USDOJ.GOV AG (202) 514-2007 TDD (202) 514-1888 "Today's indictments of WorldCom executives Scott D. Sullivan and Buford Yates, Jr., are the result of sustained law enforcement actions aimed at prosecuting corporate law-breakers and protecting the savings and pensions of Americans. With each arrest, indictment and prosecution, we send this clear message: corrupt corporate executives will be punished. The Department of Justice is committed to ensuring that corporate executives never profit by victimizing their own employees and investors." 02-494 Indictment

Source: US Department of Justice