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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. Why? by jsimon12 · · Score: 0, Troll

    Why do the rich just get fined? Shouldn't somebody do some serious jail time for this? Or are the Swiss and those working for them immune to punishment. I mean this is no where near the buying gold boullion from Jew teeth. But this whole rich people doing whatever they want and only getting a slap on the wrist (well comparitvely, if I did something like this I would end up in prison for a long time). Who knows.

  2. please do not moderate this up by autopr0n · · Score: 0, Troll

    This "gayrod" guy is an idiot troll. The domain name in his 'sig' dosn't even point to anything.

    I mean, slashdot dosn't need to make itself look completly stupid

    --
    autopr0n is like, down and stuff.