Federal prosecutors on Friday accused former Qwest Communications International executive Marc B. Weisberg of illegally collecting $2.9 million by secretly cashing in on investment opportunities at the expense of the company and its shareholders. Weisberg is at least the fifth former Qwest executive to face federal charges in an investigation into fraud at the Denver-based telecommunications company.
February 22, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Federal prosecutors on Friday accused a former Qwest Communications International executive of illegally collecting $2.9 million by secretly cashing in on investment opportunities at the expense of the company and its shareholders.
The indictment also said Marc B. Weisberg, former senior vice president, kept Qwest from offering others a chance to invest in initial public offerings and concealed the extent of his personal investments.
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