wrongdoing pays off - for federal prosecutors
By Jane Hoback & Gil Rudawsky
Rocky Mountain News
Saturday, June 10, 2006
Federal prosecutors who took down Enron, Adelphia and
WorldCom executives and who sent Martha Stewart to jail are
seeing their work pay off. Forbes.com reports the lawyers
are quitting government work and going into private
practice, where they're commanding million-dollar paychecks.
Even the attorneys who lost their high-profile cases are
reportedly taking home seven figures.
But the financial Web site's slide show of who's making what
after prosecuting corporate wrongdoing ends on a rather odd
Featured on the last slide is William Leone, the Colorado
U.S. attorney who is prosecuting former Qwest Chief
Executive Officer Joseph Nacchio on charges of making
illegal trades of Qwest stock based on information not
disclosed to investors.
A trial is expected to begin in the fall.
Leone's paltry paycheck - a mere $142,000 - pales in
comparison with the other prosecutors listed.
But if the track record of his colleagues is any measure,
you might as well tack on another zero after the trial ends.
Assistant Business Editor Jane Hoback and Deputy Business
Editor Gil Rudawsky write about local business talk that
doesn't necessarily end up in quarterly reports. They can be