Qwest Communications

Nacchio ‘cheated’ prosecution alleges

The jury in the trial against Joe Nacchio, former chief executive at Qwest Communications, was told by the prosecution Tuesday that the accused had cheated in his attempts to siphon money from the failing company. The prosecution alleges that Nacchio dumped $101m (£51.45m) worth of stock during the opening months of 2001 because he knew […]

Former Qwest chief begins insider trading trial

Joe Nacchio, former chief executive at Qwest Communications, appeared in court Monday accused of insider trading.As the eagerly anticipated trial started, it emerged that the billionaire financier, Philip Anschutz, has been listed by Nacchio’s lawyers as a defence witness. Nacchio, 57, is accused of selling more than $100m (£51.4m) of Qwest stock in 2001. It […]

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