A jury of eight men and four women deliberated for six days before pronouncing their verdict: guilty on 19 counts. Nacchio, 57, faces a maximum of 10 years in prison and $19 million in fines. He may also be ordered to forfeit some $52 million in ill-gotten earnings. Sentencing is set for July 27, but Nacchio's lawyers have said they will appeal.
Local retirees rejoiced at the jury's findings, but it won't get their money back. And now they have a new worry: They fear that current Qwest CEO Dick Notebaert will cut their health insurance benefits as the company tries to right itself.
Dick Caldwell lost $100,000 of his retirement savings because of stock fraud at Qwest