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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).

2 of 178 comments (clear)

  1. Re:Not Funny... by Afrosheen · · Score: 0, Offtopic

    Is it just me, or is it hard to take a post written by "gayrod" seriously? LOL

  2. Re:Not Funny... by bryan1945 · · Score: 0, Offtopic

    Sucker- definition: see twit

    Twit- definition: see moron

    Moron- definition: see assmonkey

    Assmonkey- definition see below:

    "involve the shady financing of businesses like VA Linux, which, if you're like me, you have your retirement savings invested in."

    Yes children, this proves lawyers are the dumbest of the lot. Repeat: Diversification. This guy is too dumb and funny for me to post as an AC. Goodbye karma!

    --
    Vote monkeys into Congress. They are cheaper and more trustworthy.