Ex-Qwest executive pleads guilty to wire fraud

A former executive vice president of Qwest Communications International Inc. pleaded guilty Wednesday to wire fraud, avoiding a five-week trial that had been set to start next Tuesday.

Marc Weisberg entered his plea in U.S. District Court in Denver as part of a plea bargain in which he agreed to cooperate with prosecutors.

Weisberg may serve as a witness in a case involving his former boss, Qwest Chief Executive Joseph Nacchio, who was indicted last week for insider trading.

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Nacchio pleaded innocent. His trial date has not been set.

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Weisberg is the third ranking of seven former Qwest executives charged criminally since 2003 as part of a three-year investigation by federal prosecutors in Denver.

Nacchio is the last to go on trial.