TelecomWeb

TelecomWeb: "has charged the company multiple counts of securities fraud and other violations of federal securities laws. The SEC alleges that Qwest, between 1999 and 2002, fraudulently booked more $3.8 billion in revenue and excluded $231 million in expenses as part of a multi-faceted scheme to meet optimistic and unsupportable revenue and earnings projections. "...
The judgment also directs Qwest to pay a civil penalty of $250 million and $1 disgorgement. The entire penalty amount will be distributed to defrauded investors pursuant to the Fair Funds provision of Sarbanes-Oxley
E fina delinquance