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.