Ex-Qwest exec will alter plea
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Former Qwest Communications executive Thomas Hall agreed on Friday to plead guilty to an unspecified charge that will wrap up the first criminal case brought as part of the government&#39;s
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September 13, 2004 - Qwest Communications International and federal regulators have reportedly agreed to a $250 million settlement of a two-year investigation into the alleged financial misdeeds of former Qwest executives.
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Denver-based Qwest Communications International Inc. (NYSE: Q) has agreed to a pay $250 million fine to settle a wide-ranging fraud investigation by the US Securities and Exchange Commission (SEC), the Associated Press reported Thursday.
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Federal prosecutors are strongly  considering criminal charges against former executives of  Broadcom Corp., Apple Inc., and KLA-Tencor Corp., related to  the backdating of stock options, the Wall Street Journal  reported on Friday, citing people familiar with the situation.
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Qwest Communications International Inc., the regional telecommunications company, agreed Thursday to pay $250 million to settle allegations that it engaged in &quot;massive financial fraud&quot; by improperly booking $3.
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Former Qwest Communications Inc. Q.N  executive Tom Hall, who was scheduled to go on trial next month  on charges stemming from an accounting scandal, will plead  guilty, his attorney said on Friday.
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Qwest agreed to pay $250 million Thursday to settle allegations the telecommunications company falsified the books by at least $3.
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An attorney for families of Sept. 11 victims asked a court Friday to seek testimony from an al-Qaida suspect in Syria, saying it could lead to a stiffer sentence for a man convicted in Germany of aiding the suicide hijackers.
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A former executive of Alcatel has pleaded guilty to taking part in a scheme to give more than $2.5 million in bribes to Costa Rican government officials for a mobile phone contract, the U.S. Department of Justice said on Thursday.
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Former Samsung Semiconductor Inc executive Thomas Quinn has pleaded guilty to price fixing, and expects to serve eight months in prison, the US Department of Justice said.
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The former chief financial officer of Qwest Communications International Inc.  was ordered to pay a total of $577,052 to settle charges that she helped defraud investors of billions of dollars, the U.S. Securities and Exchange Commission said on Friday.
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Qwest Communications International  Inc.  CEO Richard Notebaert said on Monday he plans to  retire as soon as a replacement can be found, sending the  company&#39;s shares down almost 6 percent.
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(InfoWorld) - Prosecutors are recommending that former Qwest Communications International chief Joseph Nacchio serve more than seven years in prison for insider trading during the telecommunications boom. Nacchio, who was CEO of Qwest from 1997 to 2002, would serve 87 months plus three years' probation, and pay as much as $19 million in fines, under the recommendation filed Friday by federal attorneys. He wasÂ convicted in federal courtÂ in April of 19 counts of insider trading involving $52 million in stock sales. He was cleared on 23 other insider-trading counts. Following the prosecutors' sentence recommendation to Judge Edward Nottingham of the U.S. District Court for the District of Colorado, in Denver, Nacchio's lawyers on Friday asked for a reduction in the recommended sentence. They cited good works by Nacchio and the possible effect of a long sentence for Nacchio on the health of two of his family members. In their filing, the government's attorneys said Nacchio deserved a sentence at the high end of the scale because of brazen lies to investors, the size of his ill-gotten gains, and other factors. He faces a maximum possible sentence of 10 years in prison and a $1 million fine for each count, plus a forfeiture of assets. Qwest is a regional incumbent telecommunications provider that serves several states in the West and Midwest. Nacchio resigned in 2002 amid concerns from shareholders about his $27 million annual compensation package. In 2005, the U.S. Securities and Exchange Commission charged him and other Qwest executives with fraud, saying they misrepresented one-time sales of network capacity as recurring revenue in order to boost the company's stock price. Nacchio unloaded his own stock while predicting strong growth, all the while knowing about problems with Qwest's performance, the government charged.
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HOUSTON Enron&#39;s former number one investor relations executive pleaded innocent today in Houston to securities fraud charges. But a change-of-plea hearing is scheduled later today for 49-year-old Mark Koenig (KOH&#39;-nig).
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A former executive at the Gaithersburg biotechnology firm MedImmune Inc. is scheduled to plead guilty today to criminal charges related to his allegedly improper stock trades, according to court papers.
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Qwest Communications belonged to a business alliance that won a rich national security contract in the summer of 2001, undermining claims that authorities retaliated against its former chief executive for refusing to support an unidentified government program earlier that year, prosecutors said in...
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A US marine who had pleaded guilty to the murder of an Iraqi civilian asks to change his plea at the last minute.