(Reuters) - A sentencing hearing begins on Friday morning for Nacchio,
58, who is one of the most senior executives targeted in a
series of U.S. government cases charging illegal financial
dealings.
Nacchio was convicted in April on 19 counts of insider
trading for grossing some $52 million in sales of Qwest stock
in 2001 with information unknown to investors about the
company's true financial picture. He was acquitted on 23 other
charges. His attorneys said they will appeal the conviction.
Read more at Reuters.com Bonds News
58, who is one of the most senior executives targeted in a
series of U.S. government cases charging illegal financial
dealings.
Nacchio was convicted in April on 19 counts of insider
trading for grossing some $52 million in sales of Qwest stock
in 2001 with information unknown to investors about the
company's true financial picture. He was acquitted on 23 other
charges. His attorneys said they will appeal the conviction.
Read more at Reuters.com Bonds News
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