Nacchio Goes Down for Insider Trading

Nacchio's insider-trading penalty includes paying $71M

(NEWSER) - Qwest's former CEO was sentenced to 6 years in prison today for engaging in insider trading while the company's stock plummeted. Joseph Nacchio committed "crimes of overarching greed,'' a federal judge in Denver said as he fined him $19 million in addition to the $52 million he must forfeit, then denied Nacchio's request for both probation and bail. More»

(AP) - Tony Alamo, a one-time street preacher who became an outfitter to the stars and fought the federal government over claims he underpaid followers for church work, was convicted today in Arkansas of taking five girls across state lines for sex. The jury of nine men and three women found Alamo guilty of transporting girls as young as 9, in violation of a nearly century-old federal law. More»

Users will fork over 25 cents per message

(NEWSER) - Internet-telephone firm Skype will offer a service that converts voice messages into texts in any one of four languages, the company plans to announce today. But at 25 cents per text message—and with long voicemails running up to three texts—users’ costs could add up. And if a poor signal garbles the voicemail and it can't be converted, users will still get charged, CNET reports. More»

Lawyers cite errors, possible racial prejudice in filing for appeal

(NEWSER) - OJ Simpson's lawyers have given seven reasons why he should get a new trial in their motion seeking an appeal, reports the Las Vegas Sun. They cite judicial errors and insufficient evidence in Simpson's conviction for armed robbery and kidnapping, and argue that his rights may have been violated when African-Americans were excluded from the pool of jurors. More»

Version 4.0 will make seeing who you're talking to more integral

(NEWSER) - The newest version of Skype is designed to make video calls easier and more widespread. Skype 4.0, which begins public testing today, detects bandwidth and attached devices to make it simpler to use a computer to add video to calls, Reuters reports. Skype's president says that the resolution of the video is high enough that users can make real eye contact. More»