Feds Won’t Tolerate A Rigged Game

Publication Date

4-20-2007

Document Type

Article

Organizational Units

Sturm College of Law

Keywords

Nacchio, Qwest, Insider trading, Financial crime, Criminal law

Abstract

By now, there are few who have not heard the results in the criminal trial of Joe Nacchio, the former chief executive of Qwest. On Thursday, the jury returned a verdict of guilty on 19 counts of insider trading, all from trades during April and May 2001, when, the jury believed, Nacchio knew Qwest might not make its numbers yet reaffirmed the earnings guidance to the market.

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