A federal judge on Friday ordered former Qwest Communications chief executive officer Joe Nacchio to pay $70 million and serve six years in prison as part of his punishment for insider trading in the spring of 2001.

Nacchio was convicted in April of improperly selling $52 million in Qwest stock in 2001 while he failed to tell investors of the financial risks facing the company. The court on Friday ordered Nacchio to surrender that $52 million and fined him an additional $19 million.

Nacchio plans to appeal the case, according to media reports.

A civil fraud case is also pending against him and other former Qwest executives.