Former Qwest CEO Joe Nacchio is expected to leave a halfway house Saturday after trimming his federal sentence.
Federal prison records show former Qwest CEO Joe Nacchio is now projected to be released Sept. 21 after serving time for 19 counts of insider trading.
Unionized CenturyLink workers in 13 western states are moving closer to striking.
Victims of former Qwest CEO Joe Nacchio’s insider trading will get some money back. But it won’t be much and for most it won’t even be close to what they lost.
The Justice Department returned approximately $44 million to victims of securities fraud scheme related to Qwest Communications Int’l Inc. on Thursday.
The former Qwest building in downtown Denver is the third-tallest in the city. Just months after Qwest was purchased by CenturyLink, it appears the company is vacating the building.
The Justice Department wants a federal judge to release $19 million in fines paid by former Qwest CEO Joseph Nacchio so the money can be transferred to the national Crime Victims Fund.
The Qwest logo has disappeared from the Denver skyline.
More than a sixth of the office space in downtown Denver is for sale, according to The Denver Post.
The owner of the former Qwest building hired two Cushman & Wakefield Inc. brokers to sell the skyscraper, sources confirmed Thursday.