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Banker Quattrone Sentenced to 18 Months

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Banker Quattrone Sentenced to 18 Months

Business

Banker Quattrone Sentenced to 18 Months

Banker Quattrone Sentenced to 18 Months

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  • <iframe src="https://www.npr.org/player/embed/3905006/3905007" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Frank Quattrone, a former star investment banker who once earned $120 million in a year, speaks outside Federal Court in New York. Reuters hide caption

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Reuters

Frank Quattrone speaks outside Federal Court in New York. Reuters hide caption

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Reuters

Editor's Note: The audio for this story has been edited from its original broadcast form to remove an erroneous description of the nature of the government's investigation. Investment banker Frank Quattrone is sentenced to 18 months in prison on obstruction charges. Quattrone was a prominent investment banker during the late 1990s Internet boom. He was convicted in May of telling colleagues to "clean up" their files after learning of an investigation. NPR's Jim Zarroli reports.