At last a sigh of relief – the federal appeals court
ruled that the former Chief Executive of Qwest Communications International Inc. could stay free while the court takes up his appeal of an insider trading conviction. Joseph Nacchio’s confidence, heavy fines & compensation requirements were seen as a major win for the US government in its extensive efforts to fight commercial corruption. US District Judge Edward Nottingham had sentenced Nacchio to a six year imprisonment and ordered him to begin serving it, 15 days aft er the Federal Bureau of Prisons intimated him where to report. However as a favour, the Denver based tenth Circuit Court of Appeals, in a 3-0 decision, granted Nacchio’s request for release on bail over hostility from prosecutors.
For Complete IIPM Article, Click on IIPM Article
ruled that the former Chief Executive of Qwest Communications International Inc. could stay free while the court takes up his appeal of an insider trading conviction. Joseph Nacchio’s confidence, heavy fines & compensation requirements were seen as a major win for the US government in its extensive efforts to fight commercial corruption. US District Judge Edward Nottingham had sentenced Nacchio to a six year imprisonment and ordered him to begin serving it, 15 days aft er the Federal Bureau of Prisons intimated him where to report. However as a favour, the Denver based tenth Circuit Court of Appeals, in a 3-0 decision, granted Nacchio’s request for release on bail over hostility from prosecutors.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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