Other News Video |
Former Qwest Executives Surrender To Authorities
POSTED: 11:22 a.m. MST February 27, 2003
DENVER -- Three of the four former Qwest Communications
executives indicted by a federal grand jury in Denver this week have surrendered to federal authorities.
Thomas Hall, John Walker and Bryan Treadway were in the custody
of the U.S. Marshal's Service Thursday morning, just a few blocks from the Qwest building in downtown Denver (pictured, left).
The U.S. Attorney's office said that one of the men walked in to the FBI's office at 1961 Stout Street with his lawyer. A second surrendered to the court, and the third surrendered to the FBI at a third-party location.
Grant Graham was attending a funeral in Georgia and was scheduled to
turn himself in Friday.
A federal grand jury indicted the four in an alleged scheme to
create more than $33 million in revenue for Qwest.
They, and four other current and former Qwest executives, are
being sued in a civil lawsuit by the Securities and Exchange
Commission. The suit alleges they inflated revenues to meet Wall
Street targets.
The FBI has also set up a phone tip line for information regarding corporate fraud and abuse. The Corporate Fraud Hotline where people can report corporate wrongdoing is (888) 622-0117.
Thomas Hall, John Walker and Bryan Treadway were in the custody
of the U.S. Marshal's Service Thursday morning, just a few blocks from the Qwest building in downtown Denver (pictured, left).
The U.S. Attorney's office said that one of the men walked in to the FBI's office at 1961 Stout Street with his lawyer. A second surrendered to the court, and the third surrendered to the FBI at a third-party location.
Grant Graham was attending a funeral in Georgia and was scheduled to
turn himself in Friday.
A federal grand jury indicted the four in an alleged scheme to
create more than $33 million in revenue for Qwest.
They, and four other current and former Qwest executives, are
being sued in a civil lawsuit by the Securities and Exchange
Commission. The suit alleges they inflated revenues to meet Wall
Street targets.
The FBI has also set up a phone tip line for information regarding corporate fraud and abuse. The Corporate Fraud Hotline where people can report corporate wrongdoing is (888) 622-0117.
Previous Stories:
- February 25, 2003: Qwest Executives Indicted On Criminal Charges
- February 19, 2003: Qwest Reports $35 Billion Loss In 2002
- October 29, 2002: Qwest To Restate More Revenue
- October 25, 2002: Qwest Fined $20 Million For 'Slamming'
- October 2, 2002: Former Qwest Exec Grilled Over Business Dealings
- October 1, 2002: More Qwest Executives Testify On Capitol Hill
- September 27, 2002: Qwest Founder Under Congressional Scrutiny
- August 13, 2002: Qwest To Pay $1 Million Plus In Landmark Settlement
- August 8, 2002: Qwest Posts $1.1 Billion Loss
- July 29, 2002: Qwest To Restate Earnings From 1999 To 2001
- July 10, 2002: Qwest Subject Of Criminal Investigation
- June 17, 2002: Nacchio Out As Qwest CEO
- June 4, 2002: Qwest CEO Criticized At Stockholders' Meeting
- October 17, 2001: Qwest's Plans To Charge For Non-Listing Blocked
- October 3, 2001: Qwest Wants To Charge To Withhold Addresses
- September 6, 2001: Qwest Refuses Code Red Refunds
- August 9, 2001: Qwest Billing Errors Greater Than First Thought
- August 9, 2001: Qwest Message Cites Media For Call Delays
- July 26, 2001: More Qwest Billing Errors Pop Up
- July 25, 2001: Qwest Posts Largest Quarterly Loss In Colorado History
- May 2, 2001: Qwest Ordered To Refund $11.2 Million
- March 7, 2001: US West Retirees Fighting Qwest Use Of Pension Surplus
Copyright 2003 by TheDenverChannel.com. The Associated Press contributed to this report. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
