SECURITIES
From Times Staff and Wire Reports
Wiles Faces Securities and Fraud Charges: Quentin T. Wiles, former chairman of now-defunct MiniScribe Corp., has been indicted on federal securities and wire fraud charges for his role in the collapse of the Colorado disk drive maker. The Sherman Oaks resident and once-renowned corporate turnaround specialist was also chairman of Hambrecht & Quist, MiniScribe’s San Francisco investment banking firm. The indictment, filed in Denver, alleges that Wiles defrauded investors by issuing false and misleading financial statements, covering up the deception and profiting from stock sales while aware of non-public information. Wiles, who resigned in 1989, could not be reached for comment.
