Denver (AP) Prosecutors allege former Qwest CEO Joe Nacchio was so concerned about protecting his assets as questions arose over Qwest's accounting that he considered divorce -- for financial reasons.
The allegations are included in documents filed in U.S. District Court in Denver to try to freeze about $52 million of Nacchio's assets.
Nacchio was convicted last month of insider trading for transactions that prosecutors say resulted in $52 million in gross proceeds. He is to be sentenced July 27th.
Prosecutors say that in early 2002, after Nacchio had been named in a lawsuit alleging insider trading, Nacchio transferred some assets to his wife's name.
Prosecutors say Nacchio's financial adviser wrote in October 2002 that Nacchio was exploring the possibility of a divorce for financial reasons.
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