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October 13, 2008 5:04:18 AM CDT


Stories related to: Joseph Nacchio

Stories

6 Stories

  • March 2008
    • Ex-Qwest CEO's Conviction Overturned

      Ex-Qwest CEO's Conviction Overturned

      (Newser) - A federal appeals court overturned Joe Nacchio’s guilty verdict today and ordered a new trial for the ex-Qwest CEO before a different judge, the Denver Post reports. The court ruled that the district judge who presided over Nacchio's trial on insider trading charges erred in excluding testimony from an expert witness who teaches law at Northwestern. More »

      Tags

      insider trading   Qwest   Joseph Nacchio   tech bubble   appellate court   overturned verdict

  • October 2007
    • Ex-Qwest CEO Claims Spy Effort Began Before 9/11

      Ex-Qwest CEO Claims Spy Effort Began Before 9/11

      (Newser) - Joseph Nacchio, the former CEO of Qwest Communications, claims that the National Security Agency asked his company in February, 2001, to participate in a potentially illegal surveillance program—and when he declined, punished the company by dropping a contract worth hundreds of millions of dollars, reports the Washington Post . The allegation puts NSA's move to get access to Americans' phone records without a warrant six months before 9/11. More »

      Tags

      warrantless wiretapping   insider trading   National Security Agency   Qwest   Joseph Nacchio

    • Ex-Qwest CEO Didn't Foresee Trouble Ahead

      Ex-Qwest CEO Didn't Foresee Trouble Ahead

      (Newser) - Former Qwest chief Joseph Nacchio yesterday appealed an insider-trading conviction, claiming he couldn’t have known the telecommunications company was in dire straits when he sold $52 million in stock in 2001. Rebutting a federal court’s guilty finding on 19 counts, the brief asserts Nacchio “believed more than anyone else in the company’s future,” the Wall Street Journal reports.  More »

      Tags

      prison   insider trading   appeal   Qwest   Joseph Nacchio

  • August 2007
    • Top Telecom Exec Takes Over As Qwest CEO

      Top Telecom Exec Takes Over As Qwest CEO

      (Newser) - A top telecom veteran has been named CEO of struggling Qwest. Edward Mueller, 60-year-old former chief executive of Ameritech and Williams-Sonoma, takes the reins  from Dick Notebaert, who ran the company for five years, the Wall Street Journal   reports. The country's fourth-largest telephone company, Qwest faces increased pressure from competitors as it struggles to emerge from an accounting scandal. More »

      Tags

      insider trading   Qwest   Joseph Nacchio   Williams Sonoma

  • July 2007
    • Ex-Qwest CEO Gets 6 Years

      Ex-Qwest CEO Gets 6 Years

      (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 »

      Tags

      scandals   prison   sentencing   telecom   insider trading   Qwest   Joseph Nacchio

  • April 2007
    • Nacchio Goes Down for Insider Trading

      Nacchio Goes Down for Insider Trading

      (Newser) - Joseph Nacchio, former CEO of Internet-bubble-blowing telecom Qwest, was found guilty of 19 counts of insider trading by a federal jury in Denver yesterday. Nacchio dumped more than $100 million in Qwest stock in 2001, before the stock imploded over questionable accounting practices. The jury acquitted on 23 other counts. More »

      Tags

      Internet   trial   conviction   stock   telecom   insider trading   Joseph Nacchio

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