The key rainmaker during the Halcyon induced days of the dot com bubble was sentenced today to 18 months. The federal guidelines were 10 to 16 months. For a guy that at one point made over $120 million in a year, I’m sure he’ll appeal the decision. The case was brought against him b/c of his alleged IPO stock allocation to his friends and people who did investment banking with him. Ironically, he invested in many high tech companies but what got him in trouble was a simple e-mail to his colleagues that said “clean up” your files.
Frank Quattrone of CSFB sentenced to 18 months…
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