Anschutz Talks to Staffers in Qwest Probe
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Qwest Communications International Inc. founder and director Philip Anschutz spoke by phone with congressional investigators examining his knowledge of the company’s financial troubles, a source close to the Denver billionaire confirmed.
House Energy and Commerce Committee staff members were focusing on sales of nearly 6.1 million shares in May and June 2001 that netted $213.5 million for Anschutz Corp., solely owned by Anschutz.
Qwest at the time said Anschutz was trying to diversify his portfolio and use the money for other business interests. The source, who spoke on condition of anonymity, denied that insider information was involved in the sales. He said proceeds went into Anschutz’s other business ventures.
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