The Association of U S West Retirees



Nacchio plea to stay free denied
By Andy Vuong

Denver Post
Wednesday, March 11, 2009

A federal appeals court panel on Tuesday rejected former Qwest chief executive Joe Nacchio's request to remain free pending a possible Supreme Court review of his insider-trading conviction.

Nacchio has been ordered to begin serving his six-year prison term March 23 at a minimum-security prison camp in Pennsylvania.

Separately Tuesday, Nacchio's attorneys filed a motion in U.S. District Court in Denver to postpone the date he must report.  The filing didn't provide specifics, though Nacchio's attorneys requested permission to file under seal a document supporting the motion because it contains information about his health.

In denying Nacchio's application for bail, the 10th Circuit Court of Appeals panel suggested Nacchio could file the same request with the District Court.

Nacchio could also ask the Supreme Court to stay his sentence, which would allow him to remain free while the high court considers his case.  His appeals attorney, Maureen Mahoney, has said she plans to petition for a Supreme Court review of the conviction by the end of this month.

Nacchio was convicted on 19 counts of illegal insider trading in 2007, accused of accelerating his sale of Qwest stock in early 2001 after receiving warnings from his top executives that the company's financial condition was deteriorating.

Andy Vuong: 303-954-1209 or