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Former Qwest CEO Joseph Nacchio is currently serving a six-year sentence after being convicted of insider trading in April 2007 for selling $52 million of stock in the spring of 2001 as the telecommunications carrier appeared to be deteriorating.
During the trial his defense team argued that Nacchio, 63, believed Qwest was about to win secret government contracts that would keep it in the black.
Nacchio alleged that the government stopped offering the company lucrative contracts after Qwest refused to cooperate with a National Security Agency surveillance program in February 2001.
Originally posted by watchitburn
reply to post by gladtobehere
Don't we just have the best Govt. and justice system in this country?
This begs the question of how many other people are languishing in prison for not going along with the program.
He may not be innocent, but this does appear that a lot of cases may need to be reviewed. Hmmm, but then who would do the reviewing?
I don't know, I have no faith or confidence in any part of our government.