Disgraced Qwest CEO Was to Have Reported to Prison Monday

By: Associated Press Email
By: Associated Press Email

Denver (AP) Disgraced Qwest CEO Joe Nacchio will be sleeping in his own bed tonight.

Nacchio was originally ordered to report to a minimum-security prison in Pennsylvania today.

But Nacchio will remain in Denver while U.S. District judge Marcia Krieger reviews his request for bail. Nacchio has asked the U.S. Supreme court to review his insider-trading conviction and wants to remain free while the high court decides whether it will take his case.

Krieger put Nacchio's prison sentence on hold Thursday. Nacchio was convicted in 2007 of 19 counts of insider trading while at the helm of Qwest Communications International Inc. Qwest is the nation's third-largest phone company.


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