SEC targets 5 former Qwest execs
Thursday, March 6, 2008
The Securities and Exchange Commission will file an amended
fraud case against five former Qwest officials, including former
Qwest chief executive Joe Nacchio, on March 14, according to a
new court filing.
The SEC said it is consulting with the Department of Justice
about the transactions it intends to include in the amended
complaint to address concerns over whether classified
information is involved.