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Sarbanes-Oxley News & Developments
Judge Dismisses Securities Fraud Counts in Qwest TrialBut four former Qwest executives still faces 11 charges.
> > Thomas Hall, Grant Graham, John Walker and Bryan Treadway are accused of conspiring to help Qwest improperly book money in June 2001 to meet financial targets for the company. Hall, Graham, Walker and Treadway still face charges for three counts of securities fraud, six counts of wire fraud, one count of conspiracy and one count of making false statements to the SEC. Maximum penalties on each count range from 5 to 10 years in prison and fines from $250,000 to $1 million.
Source: Silicon Valley News
Published:2004-03-31
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