Please Redistribute
 
February 25, 2005
 
Mimi Hull, President
ASSOCIATION OF U S WEST RETIREES (AUSWR)
AUSWR Board Members and General Members
 
 
On February 17, 2005, a grand jury which had been convened by the United States Attorney's office in Denver issued an indictment against former Qwest Executive Vice President Marc Weisberg.  Several retirees asked whether I might be able to obtain a copy of the indictment.  I have attached hereto in Adobe PDF file format a copy of the 19 page indictment signed by the grand jury foreperson.
 

While a senior office at Qwest, Mr. Weisberg was responsible for corporate investments.  He has been charged with eight counts of wire fraud and three counts of money laundering.  All of this stems from $2.9 million he supposedly earned between 1999 and 2001 by buying low-priced stock and stock options from Qwest vendors and other companies before the shares were offered to the public.  Mr. Weisberg left Qwest during late 2001.
 
 
None of the charges have anything to do with the almost $37 million proceeds he received from selling Qwest stock.
 

If Mr. Weisberg is convicted, the government is seeking to have him forfeit the $2.9 million he earned from sale of the non-Qwest stock, plus forfeit a condo in Denver and a house on Grand Cayman Island.  The criminal case pending in Denver Federal Court has been assigned to Judge Robert Blackburn.
 
 
Curtis
CurtisLKennedy@aol.com
303-770-0440

Attachment    (Grand Jury Indictment against Marc Weisberg - 19 pages)


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