Former Qwest exec settles SEC charges for $2.1 million

Former Qwest exec settles SEC charges for $2.1 million

[JURIST] Gregory Casey, a former executive for Qwest Communications [corporate website; JURIST news archive], has reached an agreement with the Securities and Exchange Commission [official website] to pay $2.1 million to settle civil charges [SEC report]. Casey was one of seven former Qwest executives, including ex-CEO Joseph Nacchio, charged in a civil lawsuit alleging accounting schemes [JURIST report] that later forced the company to erase revenue. Casey admitted no wrongdoing in the settlement, while Nacchio's case is still pending. AP has more.