10. The information contained in this Affidavit is based upon my personal knowledge, as well as information obtained during this investigation from other sources, including: (a) other FBI agents, representatives of the United States Securities and Exchange Commission (the "SEC"), and other personnel involved in this investigation; (b) statements made or reported by various witnesses with personal knowledge of relevant facts; and (c) my review of corporate documents and business records obtained during the course of this investigation, as well as summaries and analyses of such documents and records that have been prepared by others. Because this Affidavit is submitted for the limited purpose of establishing probable cause to arrest SCOTT D. SULLIVAN and DAVID F. MYERS, the defendants, I have not set forth each and every fact I have learned in connection with this investigation. Where conversations and events are referred to herein, they are related in substance and in part. Where figures and calculations are set forth herein, they are approximate.
Relevant Parties and Entities, 11, Based on my review of WorldCom's 2001 Annual Report on Form 10-K (the "2001 10-K"), WorldCom's Statement filed with the SEC pursuant to Section 21(a)(1) of the Act (the "Section 21(a)(1) Statement"), other publicly-available filings by WorldCom with the SEC, and other information obtained from WorldCom, I am aware of the following, a, WorldCom is a corporation organized under the laws of the State of Georgia with its headquarters in Clinton, Mississippi, At all times relevant to this Complaint, WorldCom's common stock was listed on the NASDAQ National Market System, an electronic market system administered by the National Association strongfit designers tough case for apple iphone xs max - diagonal flowers of Securities Dealers ("NASD"), under the symbol "WCOM." As of May 31, 2002, WorldCom's largest institutional shareholders included Bernstein Investment Research and Management, Oppenheimer Capital, Merrill Lynch Investment Managers, and College Retirement Equities Fund, all of which maintain offices in New York, New York..
b. From in or about 1989 until on or about May 16, 2002, Arthur Andersen LLP ("Arthur Andersen") served as WorldCom's independent external auditors. Beginning on or about May 16, 2002, KPMG LLP ("KPMG") served as WorldCom's independent external auditors. c. From in or about December 1994 until on orabout June 25, 2002, SCOTT D. SULLIVAN, the defendant, served, at various times, as WorldCom's Chief Financial Officer, Treasurer and Secretary. WorldCom's 2001 10-K and its Form 10-Q for the first quarter of 2002, both of which were filed with the SEC and which included WorldCom's financial statements for those periods, were prepared under SULLIVAN's direction and bear his signature. SULLIVAN received a CPA license in or about 1985.
d.From in or about August 1995 through on or about June strongfit designers tough case for apple iphone xs max - diagonal flowers 25, 2002, DAVID F, MYERS, the defendant, served, at various times, as Senior Vice President and Controller of WorldCom, MYERS reported to SULLIVAN and assisted in the preparation of WorldCom's 2001 and the first quarter of 2002 financial statements, Relevant Accounting Principles, 12.Based on my review of certain relevant accounting literature and based on my training and experience, including my prior work in investigations involving accounting fraud, I am aware of the following..
a. Public companies, such as WorldCom, typically report the financial results of their operations in financial statements that include both an Income Statement and a Balance Sheet. A company's Income Statement reports, among other things, revenue recognized, expenses incurred, and income earned during a stated period of time -- usually for a fiscal quarter or a fiscal year. Within an Income Statement, expenses are generally subtracted from revenues to calculate income. A company's Balance Sheet reports, among other things, the assets and liabilities of a company at a point in time, usually the end of the company's fiscal quarter or fiscal year.