NEW YORK, May 4 (UPI) -- Prominent U.S. investment banker Frank Quattrone, convicted of interfering with a federal probe in December 2000, is facing up to two years in prison.
The former head of technology investment banking at Credit Suisse First Boston, was found guilty of obstruction of justice and witness tampering Monday in a probe of his employer, the Wall Street Journal reported Tuesday.
Quattrone faces as much as two years in prison at his Sept. 8 sentencing in New York.
The jury took only eight hours to reach its verdict, a sharp contrast to the hung jury that handled Quattrone's initial trial.
Through a lawyer he promised an appeal. The Second U.S. Circuit Court of Appeals, which would hear Quattrone's appeal, affirms criminal matters about 67 percent of the time, according to the court's newly released annual report for 2003.
Quattrone, the most prominent Wall Street figure to face a criminal trial in years, gained fame when he managed some of the biggest stock offerings of the era, for Amazon.com Inc. and Netscape Communications Corp. among others, and earned $120 million in 2000.
