Frank Quattrone Charged With Obstruction

from the criminal-charges dept

And so the march to "clean up Wall Street" goes on. Frank Quattrone today was charged with criminal obstruction of justice, destroying evidence and witness tampering for telling his employees to dump files after he knew they were being investigated. Sounds like he probably should have just stuck with questionable investment banking practices rather than trying to cover his tracks. All the other bankers who just were questionable in how they did their deals seem to be getting off with slaps on the wrists and multi-million severance packages. These charges could land him in prison for 10 years, though, that's probably an unlikely result.

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