Nacchio Sentenced To Six Years, Fined $19M

Law360, New York (July 27, 2007, 12:00 AM EDT) -- Joseph Nacchio, the former CEO of troubled telecommunications company Qwest Communications International Inc., was sentenced on Friday to six years in prison and forced to pay a fine of $19 million as well as forfeit the $52 million profit he had amassed in illegal stock sales.

Prosecutors had asked the judge to give him seven years, three months in prison, as well as the forfeiture of the sales and a $1 million maximum fine for every guilty count. The judge granted most of their requests on...
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