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by tptacek 3978 days ago
Risen wasn't charged. His source was.

Nacchio was one of several executives at a variety of companies charged with bilking shareholders out of tens of millions of dollars. The case against him appears to have been quite strong: he stipulated to a number of high-dollar sales of his stocks during times where he knew the price of Qwest's stock was going to crater.

1 comments

Yes, see the other thread. Responded there.

Right, he was involved in insider trading. If you don't do anything illegal it's hard to blackmail you for it. That was the claim. Blackmail. Sure, he did something wrong(-ish).

Do you have evidence for "blackmail" beyond the word of someone who bilked shareholders out of tens of millions of dollars by selling insider shares in advance of earnings restatements?
Lol.