Nacchio was one of several executives at a variety of companies charged with bilking shareholders out of tens of millions of dollars. The case against him appears to have been quite strong: he stipulated to a number of high-dollar sales of his stocks during times where he knew the price of Qwest's stock was going to crater.
Nacchio was one of several executives at a variety of companies charged with bilking shareholders out of tens of millions of dollars. The case against him appears to have been quite strong: he stipulated to a number of high-dollar sales of his stocks during times where he knew the price of Qwest's stock was going to crater.