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Feds Charge Eight from Qwest with Securities Fraud

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Feds Charge Eight from Qwest with Securities Fraud

Business

Feds Charge Eight from Qwest with Securities Fraud

Feds Charge Eight from Qwest with Securities Fraud

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  • <iframe src="https://www.npr.org/player/embed/1175367/1175368" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

The SEC charges eight current and former Qwest Communications employees with fraud and other securities violations, and the Justice Department adds a criminal complaint against some of the eight. The SEC says Qwest overstated its revenues by about $144 million in 2000 and 2001. NPR's Jack Speer reports.

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