What Troy Eid Really Thinks About Joe Nacchio
Joe Nacchio has reached the end of the road and better get used to life behind bars. The U.S. Supreme Court refused to take up his request for review of his conviction on 19 counts of insider trading yesterday, much to the glee of former U.S. Attorney Troy Eid, who had pursued the case against the former Qwest Communications CEO. Eid told the press after the ruling that "the term 'convicted felon Joe Nacchio' has a very nice ring to it." And Eid can rest assured he won't have to rescind that statement: "Not to gloat on his misery, but to make it very clear that whether you're rich or not, you have to face the music if you do something like this. ... There was never a bigger federal case in the history of Colorado. It dwarfed every other case in terms of size and the amount of money at stake" (via 9News). Nacchio's attorneys wanted the Supreme Court to review whether a federal judge inappropriately excluded an expert witness from his trial and whether the government wrongly based its insider-trading charges on future-revenue projections (via The Wall Street Journal). "I am deeply disappointed by the court's decision because I am convinced that he is innocent and did not receive a fair trial," says Maureen Mahoney, Nacchio's attorney.
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