The Daily Caveat is written by Michael Thomas, a recovering corporate investigator in the Washington, DC-area. [More]
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12/29/2005
Form Quest Exec Pleads Guilty to Wire Fraud
Form Quest Exec Pleads Guilty to Wire Fraud
Only days after ex-Quest CEO Joe Nacchio was indicted on insider trading charges another former exec from the telecom company has been forced to pay the piper...
Via BusinessWeek:
-- MDT
Via BusinessWeek:
Ex-Qwest exec pleads guilty to wire fraudMore here.
By JON SARCHE
Associated Press Writer
December 28 2005
Former Qwest Communications executive Marc Weisberg pleaded guilty Wednesday to wire fraud and agreed to cooperate with federal prosecutors trying to convict other company officials of wrongdoing, including former Chief Executive Joseph Nacchio.
Weisberg, a former senior vice president who oversaw investments, mergers and acquisitions for Denver-based Qwest Communications International Inc., pleaded guilty to a single count of fraud. He had faced eight counts of wire fraud and three counts of money laundering.
Prosecutors declined comment through U.S. Attorney's spokesman Jeff Dorschner. Weisberg's attorneys did not immediately return calls. He faces a March 3 sentencing hearing.
-- MDT
Labels: insider trading, Joe Nacchio, money laundering, Quest
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