Nacchio appeals judge's bail denial
By Andy Vuong, Staff Writer
Friday, August 3, 2007
Former Qwest chief executive Joe Nacchio is appealing a federal
judge's denial of his request to remain free on bail during the
appeal of his illegal-insider-trading conviction.
The appeal notice was filed Thursday with the U.S. District
Court in Denver by his attorney, Maureen Mahoney. The case will
be heard by the 10th Circuit Court of Appeals in Denver.
The bail appeal is expected to go through an expedited process,
with a ruling within weeks.
Nacchio's anticipated appeal of the conviction is expected to
take one to two years.
Nacchio, 58, was sentenced July 27 to six years in prison for
illegally selling $52 million in Qwest stock in April and May
2001. Judge Edward Nottingham also ordered him to pay $19
million in fines and forfeit the $52 million. In denying bail,
Nottingham ordered Nacchio to report to prison within 15 days of
the Federal Bureau of Prisons' designating a facility.
Such a designation can take 30 to 45 days.
Staff writer Andy Vuong can be reached at 303-954-1209 or