US District Judge Edward Nottingham Friday sentenced former Qwest Communications CEO Joseph Nacchio to six years in prison and ordered him to pay the maximum $19 million fine and forfeit of $52...
Search Results for: Nacchio
Former Qwest Communications CEO Joseph Nacchio was convicted Thursday by a federal jury on 19 of 42 counts of insider trading. Nacchio illegally sold 1.33 million shares valued at $52 million dollars in conjunction...
Insider trading trial of former Qwest CEO starts in federal court
The US District Court for the District of Colorado began jury selection Monday in the trial of former Qwest Communications CEO Joseph Nacchio . Nacchio was indicted on 42 counts of insider...
Qwest cites privacy law basis for refusing NSA access to phone data
Telecommunications company Qwest on Friday explained its decision to deny the National Security Agency (NSA) access to its customers' telephone records in contrast to competitors AT&T, Verizon, and BellSouth which allowed that. According to a...
Former Qwest Communications vice president of investments, mergers and acquisitions Marc Weisberg pleaded guilty Wednesday to a single wire fraud count after his indictment in February on eight counts of wire fraud and...
Former Qwest CEO Joseph Nacchio , who watched the market value of his company decline over $100 billion, has been indicted on 42 counts of insider trading for allegedly selling off more than $100 million in Qwest stock,...
US Magistrate Judge Craig Shaffer delayed the civil class action fraud case against former Qwest Communications chief executive Joe Nacchio and other former phone company executives until September 30 to eliminate possible interference with a parallel federal...
Corporations and securities brief ~ Senate panel approves Cox for SEC chair
Leading Thursday's corporations and securities law news, the US Senate Banking Committee has approved Rep. Christopher Cox 's nomination to head the Securities and Exchange Commission (SEC) . The nomination will now go before the...
Gregory Casey, a former executive for Qwest Communications , has reached an agreement with the Securities and Exchange Commission to pay $2.1 million to settle civil charges . Casey was one of...
Former Qwest Communications CFO Robin Szeliga pleaded guilty Thursday to one count of insider trading. Szeliga, initially charged last month , will likely face a term of 15 to 21 months in prison...