Frank Quattrone: Dodging the Perp Walk
Disgraced investment banker Frank Quattrone must be pleased with the treatment he received from Fortune Magazine’s Roger Parloff. The headline of Parloff’s story says it all: Why Quattrone Deserves to Walk.
If I am guilty, I will pay
Quattrone’s obstruction-of-justice conviction is scheduled for review before a federal appeals court this summer. Parloff makes a compelling case that Quattrone’s appeal has merit by pointing out (1) that the jury was not allowed to hear crucial evidence that would have helped Quattrone and (2) that the judge in the case, Richard Owen, has a well-known pro-prosecution bias. And call us ageist if you want, but we were troubled to see that Judge Owen is 83. Shouldn’t this guy be out on the golf course?
We have no doubt that Quattrone played fast and loose when it came to pleasing the Friends of Frank, a group of associates and investors who benefited enormously from his legendary deal-making skills. But Parloff’s findings should give any level-headed observer pause. Then again, the time for level-headedness may have come and gone. Judge Owen clearly dislikes Frank Quattrone and a jury has already spoken. Good luck, Frank.
Read: Why Quattrone Deserves to Walk – [Fortune Magazine – reg. req.]