Blog

By: Michael de Yoanna

Category: Panorama, Politics

Posted: March 18, 2009 9:41 AM

Tags: Crime, PEOPLE

Former Qwest CEO Joe Nacchio Could Escape Jail Time

If only convicted Ponzi schemer Bernard L. Madoff had the medical problems of convicted inside trader Joseph Nacchio. The former Qwest chief executive officer is seeking more time to report to prison because he might need treatment for skin cancer, according to the Denver Business Journal, citing court filings that were unsealed yesterday. Nacchio, who was found guilty in 2007 of charges that he sold $52 million worth of company stock while falsely proclaiming the company to be healthy, has filed several motions, hoping not to be put behind bars by March 23, as a federal judge has ordered. Nacchio, who plans an appeal of his case to the U.S. Supreme Court, wants to stay out until at least April 7, as tests determine whether a growth on his leg is skin cancer that would require surgery. CBS4 's Dr. Dave Hnida calls the medical facts presented in Nacchio's paperwork vague and probably not serious enough to prevent him from going to prison. The Wall Street Journal pulls no punches, writing that Nacchio and his lawyer, Maureen Mahoney of Latham & Watkins, "are doing everything they can to ensure that Nacchio never has to see the inside of the prison known as FCI Schuykill," a white-collar prison with ample recreational opportunities, including horseshoes. The results of a biopsy are expected Friday, according to The Denver Post .

Comments

Food for thought.

ATTENTION ALL: They have doctors in jail if they have stopped putting people who commit crimes in jail they need to open the door and let most of the convicts out. This is not how to beat the system and the judge/s should make Nacchio an example of (DO NOT STEAL PEOPLE HARD EARNED MONEY)--GIVE ME MY MsHR POTHOLEDONEY BACK NACCHIO-NOW!

6-15-09 I want my money back from Joseph Nacchio, THE THIEF. He needs to repay alL of Qwest employees working during or retired since he stole from us and he needs to go to jail. He should not have done the crime if he cannot pay the time. He should go to jail NOW. He is a CRIMINAL of the worst kind, he does the crime and than whines. While others hurt from his crimes to them. He knew better and did not care he's the kind that destroys.

That pig Joe once barked in my face that I should manage thru my personal problems. Well Joe, I was laid off at Quest due to your stealing and since joined the army. You deserve to be in a real brig not club fed. Hope they tear you a new wide one Joe.

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