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by vlovich123
1114 days ago
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The whole situation was a mess. One of the things Nachio was accused of was inflating the share price by making statements that growth would continue when it didn’t. However, the reason it maybe didn’t is that the CIA blocked the lucrative contracts that Qwest was otherwise eligible for in retaliation for Nachio not going along with their request for illegally wiretapping everyone (he asked for a court order). Suddenly statements that would have been reasonable looked not so. However, he did also engage in insider trading but it’s less clear if that’s again just the CIA keeping an eye on him and helping the prosecutors get him through dual reconstruction (ie yes he did wrong but the government went about figuring that out illegally). Of course a lot of this is just conjecture and we may never know what happened from the government side. |
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