Former CSFB star banker, Frank Quattrone was on Monday found guilty of two charges of obstruction of justice and one of witness tampering.
The two week retrial looked again at charges that Mr Quattrone had attempted to hamper grand jury and regulatory investigations into the allocation of stocks in popular initial public offerings (IPOs) by forwarding and approving an e-mail advising CSFB staff to "clean up" their files.
A sentencing date of September 8 was set, but observers have suggested that the former investment banker is likely to face at least two years in prison.
Speaking to reporters following delivery of the verdict, Mr Quattrone's attorney, John Keker pledged to appeal, announcing that:
"We are obviously grossly disappointed. I feel like we failed Frank. He's innocent."
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