Ex-CFO of Quest to pay SEC fine
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.
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.
