Tuesday, Aug. 9, 2005 | 9:17 a.m.
NEW YORK -- The former director of general accounting at WorldCom was sentenced tosday to one year and one day in prison for his role in the company's record $11 billion fraud.
The sentence for Buford "Buddy" Yates, 49, came nearly three years after he pleaded guilty to helping WorldCom overstate its earnings from 2000 to 2002 in a scandal that bankrupted the telecom company.
Yates pleaded guilty to fraud in October 2002, telling a judge he was instructed by superiors to make adjustments to company books that had "no justification" and were designed to meet Wall Street expectations.
"There is not a day that goes by that I don't think back to my actions and regret my decisions," Yates told U.S. District Judge Barbara Jones.
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