AUSWR
The Association of U S West Retirees
 

 

 

Nacchio denied bond again
By Andy Vuong
Denver Post
Thursday, March 12, 2009

A Denver federal court judge today denied former Qwest chief executive Joe Nacchio's request to remain free on bond pending his petition for a Supreme Court review of his insider trading conviction.

"According to the motion, no petition has yet been filed.  Therefore, the motion must be denied as premature," U.S. District Judge Marcia Krieger wrote in the order.

Nacchio's attorney Maureen Mahoney indicated in the motion that she would file the Supreme Court petition by March 27.

A federal appeals panel also denied the same motion this week, essentially referring the request to the district court.

Krieger has ordered Nacchio to report to prison by noon on March 23 to begin serving a six-year term for insider trading.  A federal jury convicted him on 19 counts in March 2007 and acquitted him on 23 related charges.

Nacchio can still ask the Supreme Court for bond pending the petition.

Andy Vuong:  303-954-1209 or avuong@denverpost.com

http://www.denverpost.com/breakingnews.ci_11896936