Ex-Qwest exec reaches settlement in fraud suit
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A former Qwest Communications finance chief has reached a tentative settlement in a civil fraud lawsuit stemming from an accounting scandal that forced the telephone company to restate billions of dollars in revenue.
Details of Robin Szeliga’s proposed settlement with the Securities and Exchange Commission are subject to formal approval by SEC officials in Washington, which could take months, according to her attorney, Thomas Reichert.
A spokesman for the SEC’s office in Denver declined to comment Monday. A hearing on the status of the SEC’s civil lawsuit is scheduled Wednesday.
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