Ex-Qwest CEO's invoices allegedly backdated
By Sara Burnett
Rocky Mountain News
Friday, June 1, 2007
Joe Nacchio asked his financial adviser on three occasions to
change the dates on invoices so Qwest would be stuck with the
bill for the service, prosecutors allege. In a document filed
before the former Qwest CEO's insider-trading trial but made
public Thursday, attorneys said they wanted to present evidence
that Nacchio backdated documents "from time to time,"
particularly when he wanted to conceal inappropriate behavior.
U.S. District Judge Edward Nottingham allowed prosecutors to
touch on the topic briefly at trial, but did not let them get
According to the document, Nacchio asked his financial adviser
in October 2000 to change the date on an invoice for $4,900 so
it would fall into a time frame in which Qwest was picking up
The company did not pay for Nacchio's financial planning the
entire time he was at Qwest, through it's unclear when the perk
In June 2002, Nacchio asked that the financial adviser, the Ayco
Co., pre-bill him for $25,000 in services it had not yet
rendered, the document states. Nacchio was ousted from the
company that same month.
He made another request in August 2002, "in a continuing scheme
to deplete all of the funds Qwest allotted: for the service,
according to the court filing.