Is Qwest CEO Being Persecuted?

Everyone is jumping to the conclusion Joseph Nacchio has been hounded by Bushco because he refused to give Qwest's phone records to the NSA. Perhaps. I wouldn't put it past Bushco at all, but there may be more to it than that.

Former Qwest Communications International Inc. Chief Executive Joseph Nacchio was indicted December 20 on 42 counts of insider-trading. The charges follow a three-year criminal investigation, which allege Nacchio sold approximately $101 million in Qwest stock in 2001 when he had information indicating the firm wasn’t doing as well as he was telling investors. Qwest has restated earnings for 2000 and 2001, erasing $2.5 billion in revenue and $2.2 billion in earnings. Nacchio vows to fight the charges and is now free on a $2 million bond.

(read more)