Former Qwest CFO Charged with Insider Trading

Robin Szeliga, the former CFO of Qwest Communications International Inc., has been charged with one count of insider trading, federal prosecutors announced Thursday. Prosecutors allege Szeliga had information about her employers true operating performance and financial condition that was not disclosed to the public when she sold 10,000 shares of Qwest common stock, netting a […]

Qwest Penalized in SEC Probe

In an agreement with the Securities and Exchange Commission, Qwest Communications International Inc. will pay a $250 million penalty over government accusations that it fraudulently recognized more than $3.8 billion in revenue and excluded $231 million in expenses between 1999 and 2002 as part of a strategy to meet optimistic revenue and earnings projections. Denver-based […]

XO Upgrades Fraud Management Software with Equinoxs Protector 10

Nashville-based Equinox Information Systems (Booth 217) announced that XO Communications Inc. (Booth 505) has upgraded its telecom fraud management software to Protector 10. Equinoxs Protector 10 provides real-time fraud protection to carriers by identifying instances in which a customers actual usage varies from expected usage in a manner that suggests fraudulent activity. XO has used […]

Qwest Faces Criminal Investigation

Qwest Communications International Inc. ( said Tuesday that the Department of Justice (DOJ) informed it that the U.S. Attorney’s office had begun a criminal investigation of Qwest. The U.S. Attorney’s office did not disclose the nature of the investigation. In a statement released from its Denver headquarters, the company said Qwest will cooperate fully with […]

Regulatory News – Strike Two Against Verizon Long Distance

Posted: 12/2000 Strike Two Against Verizon Long Distance By Kim Sunderland For the second time this year, Verizon Communications ( has cut a deal with federal regulators to pay a hefty amount to the U.S. Treasury ( in exchange for its termination of an investigation against the BOC. In each instance, the FCC ( was investigating […]

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