TheDenverChannel.com









Denver News
E-Mail News Alerts
Get breaking news and daily headlines.
Browse all e-mail newsletters

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

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.

Links We Like
Sponsored Content
Don’t believe everything people tell you about home improvement. Check out the top 4 myths and stop throwing away your money. More

If you have aspirations of becoming a millionaire, check out these five habits that may be worth emulating. More

Eating breakfast is good for you, but eating a healthy breakfast is even better. Get the scoop on which breakfast foods are the most nutritious. More

You’ve heard of certain foods that can help you prevent cancer and even halt the spread of the disease. Find out if these anti-cancer foods really work. More

MyReport Network

E - News Registration focus group
  My Report Network: Tell your story on 7NEWS. Sign up to be a member of our My Report Network
Sponsored Links

MyReport Network

E - News Registration focus group
  My Report Network: Tell your story on 7NEWS. Sign up to be a member of our My Report Network