Qwest Founder Under Congressional Scrutiny
Investigators Seeing If Philip Anschutz Knew Of Troubles When He Sold Stock
POSTED: 7:44 a.m. MDT September 27, 2002
DENVER -- Congressional investigators are examining
whether Qwest Communications founder and director Philip Anschutz
had advance knowledge of the company's looming financial problems
when he sold $213 million in Qwest stock last year.
Ken Johnson, a spokesman for the House Energy and Commerce
Committee, says the timing of the sales raises questions.
Anschutz is expected to be interviewed by committee investigators on Friday in Denver -- where Qwest is based.
The stock sales came during a period of time when managers were
coping with increasingly bad news about the company -- which now
also is under investigation by both Congress and the Securities Exchange Commission.
Copyright 2002 by TheDenverChannel.com. The Associated Press contributed to this report. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.








