Judge OKs ex-Qwest
exec's trip to Caymans
By John Accola, Rocky Mountain News
Friday, July 29, 2005
Former senior Qwest executive Marc Weisberg, indicted last February, is on his way to the Cayman Islands - with the federal court's blessing.
U.S. District Court Magistrate Michael Watanabe has agreed to modify Weisberg's bond conditions after Weisberg said he needed to check out damage and repairs to his vacation home.
Weisberg said his villa was "severely damaged" by Hurricane Ivan in September 2004.
The magistrate says Weisberg, free on a $1 million bond, can have his passport back to travel there July 31 to August 7.
Watanabe, however, nixed Weisberg's request for a follow-up visit "within the next 90 days" even though prosecutors didn't oppose the broader itinerary.
Watanabe didn't provide a reason in his order, signed July 19.
Weisberg, 47, has been charged with money laundering and wire fraud for allegedly steering low-priced stock to family and friends, including his wife's personal trainer.
The Justice Department also is seeking the forfeiture of $2.9 million in personal profits, either in cash or property.
Weisberg submitted to the court a May 2005 letter from Coral Property Management. It notes recent repairs to the Cayman Island home and his required presence to pay the contractor.
Still to be fixed is the living room ceiling, which property director Wendy Moore said may require Weisberg to "make a few trips down between mid-June and the end of August in order to facilitate the satisfactory return of your villa in pre-Ivan condition."
accolaj@RockyMountainNews.com or 303-892-2666