prison

 

Joe Nacchio Says He Has Cancer, Needs to Delay Prison

Joe Nacchio says he has skin cancer. But for this sudden revelation to be made just days before the disgraced former Qwest Communications International Inc. (Q) CEO heads for the klink looks, well, hinky. That’s especially the case when considering all the stops Nacchio’s lawyer has pulled out since her client was told two weeks ago […]

Nacchio Gets Six Years in Prison, Must Repay $52 Million

Joe Nacchio, Qwest Communications International Inc.s embattled former CEO, was sentenced July 27 to six years in prison. A federal judge on Monday also ordered Nacchio to repay $52 million within 15 days, pay a $19 million fine, cover most legal costs and serve two years of probation in addition to his prison time. Nacchio […]

Jury Debates Nacchio Fate

The trial of Joe Nacchio, former CEO of Qwest Communications International Inc., went to the jury today, shortly after noon Mountain Time. A jury of eight men and four women is considering whether Nacchio took part in insider trading for sales of $100.8 million in Qwest stock between Jan. 2, 2001, and May 29, 2001. […]

Nacchio Trial Starts in Denver

Jury selection in the trial of former Qwest Communications International Inc. CEO Joe Nacchio began on Monday morning in Denver. The federal government has charged Nacchio with taking part in insider trading for sales of $100.8 million in Qwest stock between Jan. 2, 2001, and May 29, 2001. Each of the 42 counts he faces […]

Enron Execs Convicted on Multiple Counts

A Houston jury on Thursday convicted former Enron Corp. executives Kenneth Lay and Jeffrey Skilling of fraud that led to the energy companys collapse in 2001. Lay, the companys founder, was convicted on all six counts and Skilling, the former CEO, on 19 of 28 counts. Both men will be sentenced on Sept. 11. News […]

Ebbers Sentenced to Prison

The final chapter in the saga of WorldCom Inc. was revealed Wednesday when its former chief executive Bernie Ebbers was sentenced to 25 years in prison for an $11 billion accounting fraud that caused the telecommunications titan to file the largest bankruptcy in U.S. history. Ebbers was credited with transforming Mississippi-based WorldCom into one of […]

Not Necessarily News

The Central Texas Parole Violator Facility in San Antonio won the first of three systems to be awarded in Strix Systems Inc.’s Ethernet- Unfriendly Building Contest. Strix Systems designs, develops and markets wireless network systems, and sponsored the three month-long contest which ended in April. The idea was to present one enterprise-class wireless network system […]

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