By Jonathan Haggerty, DCNF
In April, 2003, investment banker Frank Quattrone was indicted on charges of obstruction of justice by then-U.S. Attorney for the Southern District of New York James Comey for one email sent to employees.
Quattrone voiced his discontent with Comey’s recent announcement regarding Democratic presidential candidate Hillary Clinton’s personal email server. Comey is now the director of the FBI.
Says the man who once indicted me over a 23-word email that encouraged my team to save subpoenaed documents https://t.co/GYRzWDOhk0
— Frank Quattrone (@FrankQuattrone) July 5, 2016
Quattrone was the subject of an U.S. Securities and Exchange Commission probe into his dealings at Credit Suisse First Boston, where he allegedly “doled out hot stock offerings” to his friends. Quattrone hosted initial public offerings for companies like Amazon and Cisco in the late 90s, and his activity led to investigation at the height of the tech bubble.
Leading the charge of the investigation was Comey, then-U.S. Attorney for the Southern District of New York. Comey charged Quattrone for a one sentence email in which he “advised colleagues in late 2000 to destroy documents while regulators were investigating Wall Street investment banks” for the way they shared their “lucrative initial public offerings.”
The email that got Quattrone in trouble was “having been a key witness in a securities litigation case in south Texas, I strongly advise you to follow these procedures.”
The procedures Quattrone referred to involved a suggestion from a coworker in an email chain that employees save subpoenaed documents.
Comey said that this email “resulted in the destruction of numerous documents.”
Quattrone never faced jail time and the charges were eventually dropped.
Quattrone’s tweet comes after Comey’s announcement that while Clinton’s use of a private email server was “careless” and contained Top Secret information, “no reasonable prosecutor” would bring charges against her.
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