Qwest to Pay $250 Million in Fraud Probe
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Qwest Communications International Inc. yesterday agreed to pay $250 million to settle Securities and Exchange Commission charges that the company fraudulently booked $3.
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MetLife Inc. said on Tuesday that it paid brokers and consultants about $25 million last year in &quot;contingent payments,&quot; which are the subject of a probe by New York state Attorney General Eliot Spitzer.
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Qwest Communications International Inc. (QN: Quote, Profile, Research) , the No. 4 US local telephone company, on Thursday reported a third-quarter loss as it settled
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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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- Qwest Communications International Inc  said it settled a patent lawsuit with Ronald A. Katz Technology Licensing L.P. and would pay an undisclosed sum for a nonexclusive license for interactive voice applications patented by Katz.
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The U.S. attorney for the Southern District in New York said on Tuesday he charged 26 individuals with taking part in "a wide-ranging scheme to commit mortgage fraud" at companies that brokered loans with a total face value of at least $200 million.
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A service is accused of $200 million in false charges for dishonest online sellers and telemarketers.
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Qwest has agreed to pay $250 million to settle financial and disclosure fraud charges, a source familiar with the matter said today.
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The software giant agreed to pay $225 million to avoid criminal prosecution in an accounting scandal that has brought down several of its top executives.
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US prosecutors said Thursday Qwest Communications isn&#39;t off the hook, even though the company agreed to a $250 million civil fine for its addiction to fraudulent accounting.
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Qwest Communications International Inc. managers orchestrated a massive fraud, marked by a dependence on bogus transactions that became like a ``heroin&#39;&#39; addiction, the US Securities and Exchange Commission said.
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Qwest Communications International Inc.  has agreed to pay &#36;250 million to settle financial and disclosure fraud charges, a source familiar with the matter said on Friday.
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Qwest Communications International Inc. reported a third quarter loss on Thursday, partly due to lower revenues and to a charge related to litigation reserves.
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The Securities and Exchange Commission is expected to announce tomorrow a settlement with Qwest that is highly critical of &quot;senior management,&quot; two sources familiar with the case said.
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In a settlement with the Labor Department, Cingular Wireless LLC will pay $5.1 million in back wages to almost 26,000 customer service workers for alleged overtime pay violations.
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A federal judge in Manhattan said Wednesday that MCI Inc., formerly known as WorldCom, may have violated a court order by paying more than $25 million in professional services fees as part of its bankruptcy proceedings.
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Former Qwest CEO Joseph Nacchio should serve more than seven years for insider trading, prosecutors recommend.