AUSWR
The Association of U S West Retirees
 

 

 

Ex Qwest exec gets off without probation
By Jeff Smith
Rocky Mountain News
Friday, December 8, 2006

Former Qwest finance executive Grant Graham on Friday was given credit for the 2 1/2 years he already has served under court supervision and was released without further punishment by a federal judge.  Graham, 40, had pleaded guilty in May 2004 to one felony count connected to an alleged revenue inflation scheme involving an Arizona schools deal and was to have received a year’s probation.

But his sentencing had been delayed until now while he cooperated with prosecutors in their investigation of former Qwest executives including former CEO Joe Nacchio, who faces an insider-trading trial in March.  U.S. District Judge Robert Blackburn ruled that Graham's punishment has been adequate given his cooperation and the amount of time he already has served under supervision.

Graham is the last former Qwest executive to be sentenced.  In all, the government won plea deals against four former executives, but none of the executives got jail time.

http://www.rockymountainnews.com/drmn/tech/article/0,2777,DRMN_23910_5200238,00.html