UPDATE 1-Qwest ex-CEO Nacchio ordered to report to prison
* Appeals court denies Nacchio's request for bail release
* Nacchio to report to prison on Tuesday
DENVER, April 13 (Reuters) - A federal appeals court on Monday ruled that Qwest Communications International Inc (Q.N) ex-Chief Executive Joe Nacchio must report to prison on Tuesday to begin a six-year prison term for insider trading.
In a 2-1 decision, the 10th Circuit Court of Appeals rejected Nacchio's request to remain free until the U.S. Supreme Court decides if it will review his conviction.
"Mr Nacchio has not shown that there is a reasonable chance that the Supreme Court will grant his petition," the majority wrote in the two-page opinion.
The dissenting judge did not write an opinion.
Nacchio's lawyers have said they will promptly ask a justice of the high court to give Nacchio a reprieve from having to surrender at noon (EDT) Tuesday to a federal minimum-security prison camp at Minersville, Pa.
Nacchio's 2007 conviction was considered a significant victory in the government's efforts to crack down on corporate titans who illegally profited while their companies suffered serious financial setbacks.
He was convicted on 19 counts of insider trading for illegally selling $52 million worth of his Qwest stock in 2001 after company officials warned him the company could not meet its financial targets. (Reporting by Robert Boczkiewicz in Denver; Editing by Andre Grenon)
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