Quattrone found guilty.
| Author | Swartz, Nikki |
| Position | News, Trends & Analysis - Brief Article |
Frank Quattrone, former head of technology investment banking at Credit Suisse First Boston (CSFB), was found guilty of two counts of obstruction and one count of witness tampering in his retrial for obstruction of justice. Quattrone's first trial ended in a hung jury, with jurors reportedly deadlocked on the charges.
The basis of the charges was an e-mail Quattrone forwarded to 400 members of his group on December 5, 2000, urging them to "dean up" their files--two days after a top CSFB lawyer told him a federal grand jury was probing how CSFB allocated hot initial public offerings (IPOs).
Quattrone testified that he forwarded the e-mail, which discussed anticipated civil lawsuits by investors over IPOs that had fallen in price...
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