ELI5: Explain Like I'm 5

Joseph Nacchio

Joseph Nacchio was a man who used to work for a big company called Qwest Communication. The company was like a big phone company that helped people talk to each other over long distances.

One day, Joseph Nacchio did something that was not allowed. He told some people a secret about Qwest Communication that he was not supposed to tell. This secret was about how much money the company was going to make in the future.

This was very bad because it was like Joseph Nacchio was playing a game of cards and he looked at everyone's cards before they got dealt. This made it unfair for everyone else who did not know what cards they were going to get.

The government found out that Joseph Nacchio had done this bad thing and they decided to punish him. They took him to court and said that he had broken a very important law called insider trading. It's like taking candy from someone else's pocket when they are not looking.

In the end, Joseph Nacchio was found guilty and had to go to jail for a few years. It's important to always play by the rules and have good character; otherwise, we may end up like Joseph Nacchio.