updated 10/19/2004 10:42:20 AM ET 2004-10-19T14:42:20

A federal appeals court Tuesday allowed former star technology banker Frank Quattrone to remain free while he appeals his conviction on obstruction of justice charges.

Quattrone was due to report to prison Oct. 28.

The decision came from a three-judge panel of the 2nd U.S. Circuit Court of Appeals.

Quattrone hugged his lawyers after the decision but had no immediate comment for reporters.

Quattrone, one of the major Wall Street figures of the dot-com boom, was convicted of hindering a government probe into how new stock offerings were allocated.

He was sentenced to 18 months in prison.

© 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Discussion comments


Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 3.79%
$30K home equity loan FICO 4.99%
$75K home equity loan FICO 4.69%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.83%
Cash Back Cards 17.80%
Rewards Cards 17.18%
Source: Bankrate.com