UPDATED Nacchio Gets Six Years, $71 Million In Forfeitures And Fine

They came for their symbolic pound of flesh, the people Joe Nacchio screwed. They filled a federal courtroom Friday. They craned their necks to see the Qwest executive who had fired some of them and had overseen a stock-price crash that cost others their life savings.

Some of them grinned at the prospect of the man who had ruined their lives getting sentenced for 19 counts of insider trading. Most simply stared at him. The lawyer for some retirees talked about karma, that what goes around comes around.

Where Nacchio is going he won’t be coming back for six years.The convict, gray suit, white shirt, baby blue tie, sat amid a defense team that in a final

Like this story? Steal it! Feel free to republish it in part or in full, just please give credit to The Colorado Independent and add a link to the original.

Got a tip? Story pitch? Send us an e-mail. Follow The Colorado Independent on Twitter.

About the Author

Jim Spencer

Leave a Response

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>