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Sarbanes-Oxley News & Developments
Quattrone Will Testify At TrialFrank Quattrone, one-time investment banker, is facing obstrution of justice charges.
> > Quattrone will take the stand to rebut a portrayal of him as fearful of losing his business and livelihood when he helped urge his employees in 2000 to destroy files on related stock deals under federal investigation.
Quattrone is charged with three counts of obstructing justice and witness tampering stemming from his Dec. 2000 email, in which he forwarded and endorsed investment-banking employees to purge files according to the firms routine - document retention policy. The prosecution spent time emphasizing the fact hat Quattrone at the time had private knowledge that handling of the firm stock deals were under investigation. Quattrone knew that document destruction was improper.
His criminal trial on obstruction of justice began tuesday, Sept. 30, 2003.
Source: SiliconValley
Published:2003-10-01
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