Convicted Ex-Qwest CEO Wants $18M Tax Refund

Law360, New York (January 11, 2012, 9:42 PM EST) -- Former Qwest Communications International Inc. CEO Joseph P. Nacchio, currently serving seven years in prison for insider trading, sued the U.S. government Tuesday seeking to recover $18 million in taxes he paid on the illegal stock sales that landed him in prison.

The $18 million represents the taxes Nacchio and his wife paid in 2007 on his sale of $52 million in Qwest stock in 2001, which he was ordered to forfeit following his 2007 conviction, according to a complaint filed in the U.S. Court of...
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