Feeds

Tech bubble banker gets retrial

Frank Quattrone back before the beak

Security for virtualized datacentres

A US appeals court yesterday overturned the prison sentence imposed on one of the biggest cheerleaders for the dot-com boom of the late 90s.

Frank Quattrone ran Credit Suisse First Boston's technology and internet business and took Amazon, Netscape, and others public.

He was convicted of obstructing justice and witness tampering in 2004. He was sentenced to 18 months in prison, two years' probation, and fined $90,000. CSFB paid $100m, with admitting liability, to settle with the Securities and Exchange Commission.

The appeals court yesterday found the jury in the original trial was not properly instructed.

Quattrone sent an email, just days after an investigation into CSFB was announced, telling staff to "clean up" files. The jury found this was evidence of wrongdoing, while Quattrone's lawyers claimed he was only guilty if he was aware the statement could be taken as instructions to destroy documents asked for under subpoena by investigators.

He was also accused of allocating shares in upcoming flotations to senior figures at client companies.

US regulators have already banned Quattrone from Wall Street for life.

More on the Seattle Times here and the Beeb here.®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.