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| Serious law. Primary sources. Global perspective. |
Qwest, SEC likely to reach $250 million settlement on fraud charges Chris Buell at 2:29 PM ET Qwest Communications, the nations fourth-largest local phone company, is expected to announced a $250 million settlement with the Securities and Exchange Commission over financial and disclosure fraud charges, an anonymous source said Friday. The settlement, which would be one of the largest this year reached by the SEC, will likely be announced later this month. Qwest has been under investigation by the SEC and the Justice Department since 2001 over whether it reported false revenues. JURIST's Paper Chase has more on the fraud scandal. Reuters has more. Link | 
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