Summary:

Four former Qwest Communications executives went on trial for fraud Monday, accused of breaking accounting rules to log $34 million in revenue and then lying about it, reports the Associated Press. Clearly these are low level minions who have be trapped by the government. The big […]

Four former Qwest Communications executives went on trial for fraud Monday, accused of breaking accounting rules to log $34 million in revenue and then lying about it, reports the Associated Press. Clearly these are low level minions who have be trapped by the government. The big guns like Joe Nacchio and the founder of the company, Phil Anschutz have escaped the government net thus far. Anschutz, meanwhile has snapped up the San Francisco Examiner and bunch of other tiny papers in the non-reading Bay Area market. Last week, Qwest settled three shareholder lawsuits as well. Qwest’s troubles are not over by any means. The company, Nacchio and Anschutz were sued earlier this month for $100 million by a Dutch pension fund.

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