Blog

By: Michael de Yoanna

Category: Business, Panorama

Posted: February 26, 2009 9:51 AM

Tags: Crime, PEOPLE

Former Qwest CEO Joe Nacchio Appears Prison Bound

The 10th U.S. Circuit Court of Appeals delivered some bad news to former Qwest Communications International Inc. CEO Joe Nacchio yesterday, reinstating his insider-trading conviction and six-year prison sentence while denying him a new trial. That's according to the Denver Business Journal, which writes that the 5-4 vote by judges denied Nacchio's claim that his right to fair trial had been hindered when federal Judge Edward Nottingham excluded expert witness testimony. Nacchio is now expected to ask the U.S. Supreme Court to hear his case. The Wall Street Journal calls it a "squeaker of a decision," noting that Nacchio's bail was also revoked, an indication that he's going to spend time in the clink. For a little stroll down memory lane, check out this timeline by The Associated Press, which highlights such events as Qwest's ability to avoid bankruptcy in 2002 by selling its yellow pages business for more than $7 billion.

Facebook Comments Box

Denver Real Estate 2013 - Get In The Game

Here’s why it’s finally time to get back in the Denver real estate market.

Spin Cities

We’ve highlighted some of the best road cycling routes along the Front Range and in the high...

Risky Business

Colorado’s labor market has more than its share of occupational hazards.

Escape

Each year, more than 18,000 victims of domestic violence call SafeHouse Denver’s hot line. Meet...

Get Well

From obesity to food allergies, we break down five issues facing Colorado’s kids.