Philip Anschutz, the founder and former chairman of telecoms firm Qwest Communications, was named alongside four other executives in a civil lawsuit brought by New York attorney general Eliot Spitzer.
The five are charged with gaining $18m from insider dealing with bank Salomon Smith Barney. Anschutz alone is alleged to have made $3.2m from the deals.
Anschutz heads1128637 up the Meridian consortium which aims to turn the Dome into a sports and entertainment complex. The consortium did not pay anything to the government for the site but promises a share of future profits.
The government insists that redevelopment is still on track and that the charge will not affect plans as Anschutz is only individual in a sizeable consortium.
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