Assistant U.S. Attorney David Anders described Quattrone as a “salesman” who lied to jurors when he took the witness stand and denied that he ever intended to interfere with federal investigations of his former employer, Credit Suisse First Boston.
“He had every reason to believe these investigations would involve him and his business,” Anders said in a closing argument that lasted an hour and a half.
“Frank Quattrone got caught red-handed,” Anders told jurors. “There is overwhelming evidence that Frank Quattrone know exactly what was going on when he told employees to ‘clean-up’ their files.”
Quattrone’s attorney shot back by saying that prosecutors were unfairly targeting his client — the former head of technology investment banking at CSFB — for what amounts to an “itty bitty e-mail.”
“This two line e-mail was proper when it was sent, it was understandable, and it was coincidental when it was sent,” defense attorney John Keker told jurors.
Keker, who at one point flashed a picture of a giant red herring on a screen for jurors, told jurors to closely scrutinize the “maybes” used by prosecutors, who he said are “stretching something out of nothing.”
“The government is asking you to connect a lot of dots that weren’t connected in Frank Quattrone’s mind”
Quattrone’s state of mind when he endorsed and forwarded a subordinate’s e-mail in late December 2000 urging other bankers at CSFB to clean-up their records is at the center of the former financier’s obstruction of justice and witness-tampering case.