(Reuters) - Nacchio was convicted in April on 19 counts of insider trading for grossing some $52 million in sales of Qwest stock in 2001 with information unknown to investors about the company's true financial picture. He was acquitted on 23 other charges. His attorneys said they will appeal the conviction.
Prosecutors have sought a seven-year sentence, a $19 million fine and forfeiture of the $52 million.
Read more at Reuters.com Business News
Prosecutors have sought a seven-year sentence, a $19 million fine and forfeiture of the $52 million.
Read more at Reuters.com Business News
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