New charges coming

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Wednesday, Sept. 4, 2002 | 9:41 a.m.

NEW YORK -- Federal prosecutors said today they expect to file new charges and possibly name new defendants in the burgeoning WorldCom accounting investigation.

Assistant U.S. Attorney David Anders told U.S. District Court Judge Barbara Jones that he intends to file a superseding indictment in the case that has already branded five WorldCom executives as conspirators.

Anders spoke during the arraignment of former WorldCom chief financial officer Scott Sullivan and accounting executive Buford Yates Jr.

Both men pleaded innocent. Sullivan remains free on $10 million bail while Yates -- who was making his first court appearance -- was released on a $500,000 bond.