Frank Quattrone reached a deal with the government Tuesday that will spare him a third criminal trial and allow him to resume his lucrative investment banking career.

Under a deferred prosecution agreement approved by Southern District of New York Judge George B. Daniels, Quattrone was not forced to admit any wrongdoing, serve jail time or pay a fine. The charges against him will be dropped in one year if he complies with the rules and conditions of the agreement.

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