Former Qwest CFO charged with insider trading

[JURIST] Former Qwest Communications International [corporate website] CFO Robin Szeliga was charged [PDF information] with insider trading Thursday based on accusations that she improperly earned $410,000 on a stock sale. Szeliga reached a plea agreement and a change-of-plea hearing has been scheduled for next month. She is the highest-ranking former official to be charged in the criminal investigation of an alleged accounting scandal at the company, and has agreed to cooperate with the investigation. Read the US Department of Justice press release on her charging from the Denver US Attorney's office. Szeliga faces separate fraud charges filed by the SEC [JURIST report]. Read the SEC complaint [PDF] against Szeliga and other Qwest executives. AP has more.

 

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