Joe Nacchio's Attempts to Stay Out of Prison Are a No-Go

April 2009

Former Qwest Chief Executive Officer Joe Nacchio must report to prison by noon on April 14 to start serving his six-year sentence for insider trading. That's according to The Associated Press, which notes U.S. District Court Judge Marcia Krieger rejected claims by Nacchio's attorneys that Nacchio should remain free on bail while he attempts to appeal his 2007 conviction to the U.S. Supreme Court. Nacchio also wanted to be out of prison so that he could tend to a "suspicious growth" on his leg, but to Krieger the matter simply amounted to an attempt to delay prison time, writes the Denver Business Journal. Meanwhile, the Securities and Exchange Commission is also pursuing a case against Nacchio, 9News reports.