Former Qwest CEO Joe Nacchio was indicted a little while ago on 42 counts of insider trading. This is a story that bloggers broke during a PC Forum conference where Nacchio was speaking, touting the great potential of his stock to a room filled with tech industry elite.
Buzz Bruggeman, at home in Florida, hopped on the Intenet and quickly uncovered that this stock hawker had been quietly dumping his own shares even as he encouraged others to invest. He emailed that info to a couple of prominent blggers. Dan Gillmor and Doc Searls immediately blogged about it as Nacchio continued talking. As we recount in Naked Conversations, host-producer Esther Dyson recalled, "at that time the room seemed to turn decidedly hostile."
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