Quattrone asks to stay out of prison

Former star investment banker Frank Quattrone asked a federal appeals court Wednesday to let him stay out of prison while he appeals his conviction on obstruction of justice charges.

Quattrone, 48, has been ordered to report to prison Oct. 28 to begin serving an 18-month sentence. He was convicted in May of hindering a federal investigation into stock allocation.

In a filing with the 2nd U.S. Circuit Court of Appeals, lawyers for Quattrone noted that federal prosecutors had no objection to allowing him to stay out of prison pending appeal.

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Only U.S. District Judge Richard Owen, who oversaw the case, insisted on sending him to prison in late October, the lawyers said. The court papers also referred to media mentions of the judge's "hostility toward the defense."

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Quattrone, who made $120 million in 2000 as the head of technology investment bankers at Credit Suisse First Boston, was convicted of obstruction of justice and witness tampering.

The case hinged on a Dec. 5, 2000, e-mail in which Quattrone endorsed a colleague's suggestion that bankers "clean up those files." At the time, the government was investigating how CSFB allocated shares of stock offerings.