Slashdot Mirror

← Back to Stories (view on slashdot.org)

Credit Suisse First Boston Fined $100 Million

Posted by ryuzaki0 on from the all-fun-and-games-until-someone-gets-an-eye-put-out dept.

A couple of people wrote in to note that Credit Suisse First Boston, which was the underwriter for VA Linux ? ' IPO, has been fined $100 million for actions they took in that and other high-tech IPO's during the stock market boom. CSFB allocated shares of certain IPO's to customers who made kickbacks to CSFB. Here's their side of the story. There's also an additional statement by the regulators and CSFB's settlement agreement (PDF).

5 of 178 comments (clear)

  1. GASP! by ekrout · · Score: 5, Funny

    GASP! Now they're only worth $20 trillion.

    --

    If you celebrate Xmas, befriend me (538
  2. Re:Not Funny... by Anonymous Coward · · Score: 5, Funny

    VA Linux, which, if you're like me, you have your retirement savings invested in

    I have this strange urge to laugh and cry at the same time...

  3. Re:That's because... by Anonymous Coward · · Score: 2, Funny

    Those who believe that wealth is real will be the sad ones when it all disappears. Anybody who understands that it is merely a hallucination will see the true richness and abundance of God's wonderful planet and be filled with joy.

    Until then, the believers will have it good and the non-believers will bitch and moan from the confines of their '63 Volkswagen Beetle.

  4. More shredded documents? by LM741N · · Score: 2, Funny

    And in related news Acme Mobile Shredding stock has quadrupled in the last year. Says CEO Mike Flimflamigan, "...I hate to make so much money off of other peoples' misery, but its the American Way TM"

  5. Thats Close To the Capitilization by quakeaddict · · Score: 3, Funny

    Thats Close To the Capitilization of LNUX.

    http://finance.yahoo.com/q?s=lnux&d=t

    But thats right, there are no real viable Linux based companies anymore, and their really never were.

    --
    I'm still working on a clever footer.