Violation Tracker Individual Record

Company: 
Qwest
Current Parent Company: 
CenturyLink
Penalty: 
$19,000,000
Year: 
2007
Date: 
November 21, 2007
Offense Group: 
financial offenses
Primary Offense: 
accounting fraud or deficiencies
Violation Description: 

Qwest paid $19 million to settle state allegations that it engaged in a number of fraudulent accounting practices that had the impact of falsely inflating the value of Qwest securities.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Alaska Attorney General
Civil or Criminal Case: 
civil
Facility State: 
Alaska
HQ Country of Parent: 
USA
HQ State of Parent: 
Louisiana
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
telecommunications
Specific Industry of Parent: 
telecommunications
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.