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Resource ID: #18067
Subject: Stocks And Bonds
Source: Fortune
Affiliation: 
Date: Sep. 3

Description

The Fortune Magazine investigates the business of Frank Quattrone, "the top investment banker in Silicon Valley", whose firm has become "exhibit A in a probe of shady IPO deals." The story describes how Quattrone "came to personify ... the wildly speculative Internet bubble." The authors reveal that Quattrone's actions have involved Deutsche Morgan Grenfell and Credit Suise First Boston into risky operations. The story sheds light on the federal investigations of six East Coast sales and trading officials facing "charges for taking inflated commissions - essentially kickbacks - in exchange for doling out hot tech IPO shares in 1999 and 2000."

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