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.Quattrone was the subject of a 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.”