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Ex-Qwest Head Nacchio Seeks Refund as His Prison Term Ends

Ex-Qwest Communications International Inc. chief Joseph Nacchio shouldn’t be allowed an income tax deduction for the $44.6 million he forfeited after his conviction for insider trading because it would undercut his punishment, a government lawyer said.

“If we would give you a deduction for that it would reduce the sting of the penalty,” Jacob Christensen, a Justice Department lawyer, told Judge Mary Ellen Coster Williams of the U.S. Court of Federal Claims in Washington during a hearing today on Nacchio’s lawsuit seeking a tax refund.