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Web Investment Banker Quattrone Convicted (AP)







Web Investment Banker Quattrone
Convicted (AP)

Web Investment Banker Quattrone
Convicted (AP)
05/03/2004 07:21 PM

AP - Frank Quattrone, a star investment banker during the Internet stock bubble, was convicted Monday of obstructing justice for sending a 22-word e-mail encouraging the destruction of files while a criminal probe of his bank was under way.




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  • AP: Quat trone guilty on all counts. A federal jury in Manhattan, deliberating on its second day, returned guilty verdicts on all three counts against Quattrone -- obstructing a grand jury, obstructing federal regulators and witness tampering.
  • This may well be overturned, because by almost all accounts the judge was biased for the prosecution -- and blatantly so. Quattrone's defenders, who remain legion, insist he was just a fall guy for the bubble era. Back then, they say, "Everyone did it." Maybe so, but those were hugely corrupt times, and Quattrone was the poster child for the rampant sleaze that turned Silicon Valley into an ethical cesspool. More later...


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