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.
Please note that all PDF-formatted documents, such as the attached document,
require Adobe Reader for viewing. In order to view the attachment,
you must have Adobe Reader Version 6.0. You can obtain a free download
at:
http://www.adobe.com/products/acrobat/readstep2.html