Quattrone Pleads Not Guilty to Charges

The former star CSFB banker reportedly pleads not guilty to obstruction of justice and witness tampering.
By TSC Staff ,

Frank Quattrone, the former

Credit Suisse First Boston

technology investment-banking guru, reportedly pleaded not guilty Tuesday to charges of obstruction of justice and witness tampering.

Prosecutors alleged that Quattrone directed CSFB employees to destroy documents subpoenaed by a federal grand jury and the

SEC

, according to a

Reuters

report. The SEC was looking into how CSFB allocated shares of hot stock offerings in the 1990s.

Quattrone told Judge Richard Owen that he understood the charges, and he entered a plea of not guilty, according to

Reuters

. The trial is scheduled for late September, the report said.

Quattrone declined to comment after the hearing, according to the report.

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