AUSWR
The Association of U S West Retirees
 

 

 

Former Qwest CFO grounded for six months
By Al Lewis, Business Columnist
Denver Post
Saturday, July 29, 2006

Insider trading is a serious offense, and Qwest CFO Robin Szeliga, who pleaded guilty to this charge, is seriously grounded.

Her sentence, doled out July 28:  Six months home detention.

She also got two years probation, $250,000 in fines and previously had to pay $125,000 in restitution

Considering the millions of dollars that thousands of Qwest employees and investors lost to a culture of fraudulent accounting during Szeliga's watch, does the punishment fit the crime?

Let's hope Szeliga has what prosecutors need in their pending insider trading case against former Qwest CEO Joe Nacchio.

http://www.denverpostbloghouse.com/lewis/2006/07/28/former-qwest-cfo-grounded-for-six-months/