Ex-Qwest VP Pleads Guilty In Fraud Case

Law360, New York (December 30, 2005, 12:00 AM ET) -- A former executive of telecommunications company Qwest Communications has reached a plea bargain with federal prosecutors, pleading guilty to one count of mail fraud and agreeing to cooperate with the investigation into former Qwest CEO Ralph Nacchio.

Marc Weisberg, a former executive vice president with the company, was set to go to trial next week on charges of using inside information for personal benefit. Weisberg, who managed corporate investments and development for the company, allegedly used information about shares of vendors’ initial public offerings to benefit...
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