CABL Forum - Qwest Executives in CATV

Cable dogs beware, there is an ex-Qwest executive now running a CATV construction company in Colorado. Company is STC in Colorado.

This company owner and his henchman; in two years have ran off over 180 years of experience with the removal of 8 talented splicers, sweep techs, lineman, drop installers and supervisors. The company motto is we will replace you with someone cheap and in experienced. The company is a Comcast sub. so fellow Dogs beware.

So few have hurt so many and they do not care, not then not now and not in the future.

Join the anti-STC bandwagon- or beware if you have more than five years in the business.

Below is straight from the SEC commision-look up the company and you will find the owner out of this bunch

Stacy Cowley (IDG News Service) 17 March, 2005 08:00 After a series of legal actions against former executives of Qwest Communications International for alleged financial fraud, the U.S. Securities and Exchange Commission (SEC) finally worked its way to the top of the executive ladder. It charged former Qwest Chief Executive Officer (CEO) and Co-Chairman Joseph Nacchio on Tuesday with fraud and other securities-law violations.

The SEC charges against Nacchio came within hours of a jury convicting another high-profile ex-CEO defendant, WorldCom's Bernard Ebbers, on all charges leveled against him in connection with WorldCom's US$11 billion accounting fraud. The SEC's charges are civil, not criminal, but the agency generally conducts its investigations in tandem with the U.S. Department of Justice, which has the authority to bring criminal charges.

The SEC's complaints, filed in Colorado's U.S. District Court, also name Denver-based Qwest's former chief financial officers, chief operating officer and other top executives. From 1999 to 2002, Qwest engaged in a complex scheme to improperly record more than US$3 billion in revenue and exclude US$17.3 million in expenses, according to the SEC. The SEC is seeking a return of fraudulently obtained profits, with interest, along with injunctions and civil penalties against the defendants.

Two defendants, Qwest's former pricing and office management Senior Vice President Roger Hoaglund and former finance Senior Vice President William Eveleth, agreed to pay fines as part of a settlement agreement, without admitting or denying the charges. Qwest, similarly, settled with the SEC in October over charges against the company. Without admitting or denying guilt, Qwest agreed to pay a US$250 million penalty, to be disbursed among affected investors.

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Qwest Executives in CATV