Former U S West Executive Indicted
Jan. 30, 2002
DENVER (AP) _ A former U S West executive has been indicted on federal charges of stealing more than $2.25 million from the telephone company.
Ophyll D'Costa, 41, agreed to plead guilty to some of the 18 counts against him and to pay Qwest _ which bought U S West in June 2000 _ about $1.8 million, according to his lawyer, Robert McAllister.
D'Costa declined to comment.
McAllister said the case was ``a big misunderstanding.''
D'Costa, a strategic Internet investment chief for U S West, is accused of transferring money from the company's accounts to his own and to an account in the name of Apex Group Inc., a company he created.
The alleged thefts occurred between April 1995 and the fall of 2000, according to the indictment returned by a federal grand jury Tuesday.
The indictment also accuses D'Costa of attempting to transfer another $454,700 to Apex Group in October 2000, and of cheating on his income taxes.
D'Costa is now working as a private financial consultant, McAllister said.