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Ex-CFO of Quest to pay SEC fine

In Brief | TELECOMMUNICATIONS

June 02, 2007|From Times Wire Services

Qwest Communications International Inc.'s former chief financial officer agreed to pay $577,000 to settle Securities and Exchange Commission accusations that she helped the company falsely report billions of dollars in revenue.

Robin Szeliga, who also served as the Denver-based phone company's vice president of financial planning, will pay a $250,000 fine and also forfeit $226,135 in profit and $100,917 in interest, the SEC said.


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In March 2005, the SEC accused Szeliga, former Qwest Chief Executive Joseph Nacchio and other former executives of fraudulently reporting sales to meet revenue and earnings growth targets.

Qwest reported $3 billion in false revenue from 1999 through 2002, regulators said.

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