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Former Qwest Exec Charged, Will Plead Guilty

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All in a day’s work? Qwest executive Robin Szeliga was charged with insider trading today. But, the case is already over. Her lawyers immediately filed a “Notice of Disposition” which means a plea agreement has been reached. The plea agreement is not public as yet, so it is not known what concessions, if any, are part of the agreement.

Szeliga, 44, of Littleton, was accused of making $125,000 in profits from selling Qwest stock in April 2001, at a time she allegedly knew Qwest’s revenues were being artificially propped up.

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To date, her former boss at Qwest, Joseph Nacchio, has been charged only by the S.E.C. in a civil fraud case. Szeliga is also named in that suit, as are five other former Qwest execs.

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