Sunday, May 20, 2007

U.S. seeks to freeze assets of former Qwest CEO

(Reuters) - In a motion filed on Friday in Denver federal court,
prosecutors said Nacchio and his wife, Anne Esker, have assets
derived from the sales of Qwest stock worth "well more than $100
million," which is subject to forfeiture under federal law.




In the alternative, prosecutors said, Nacchio should deposit
the more than $52 million gross that a jury found he made on the
illegal trades.


Read more at Reuters.com Bonds News

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