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American Morning

Minding Your Business: Prosecutors to Retry Frank Quattrone

Aired November 05, 2003 - 07:51   ET

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.


SOLEDAD O'BRIEN, CNN ANCHOR: A former star banker hasn't beaten the rap yet.
Andy Serwer is off today, but Carrie Lee of CNN -- CNNfn, sorry, Carrie, joins us from the Nasdaq. It's early, and I've given up coffee and I'm foggy. You're minding our business this morning. Nice to see you. Thanks for joining us. Fill us on the Quattrone story.

CARRIE LEE, CNN FINANCIAL NEWS: Thank you so much.

We're talking about Frank Quattrone here, former star investment banker, and he's not out of the legal woods just yet. Now, remember his first trial on obstruction of justice charges and witness tampering ended in a hung jury two weeks ago. Now, federal prosecutors say they will try him again.

And now, Quattrone is accused of trying to obstruct justice when he sent out a December 5, 2000 e-mail encouraging workers to -- quote -- "clean up" -- end quote -- their files. At the time, the SEC and a grand jury were looking into how credit Suisse First Boston doled out hot IPO shares.

Quattrone has maintained his innocence. Soledad, this new trial may not begin until 2004, so the story continues.

O'BRIEN: All right, Carrie, thanks very much -- Carrie Lee of CNNfn joining us this morning. Thank.

TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com.




Quattrone>


Aired November 5, 2003 - 07:51   ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
SOLEDAD O'BRIEN, CNN ANCHOR: A former star banker hasn't beaten the rap yet.
Andy Serwer is off today, but Carrie Lee of CNN -- CNNfn, sorry, Carrie, joins us from the Nasdaq. It's early, and I've given up coffee and I'm foggy. You're minding our business this morning. Nice to see you. Thanks for joining us. Fill us on the Quattrone story.

CARRIE LEE, CNN FINANCIAL NEWS: Thank you so much.

We're talking about Frank Quattrone here, former star investment banker, and he's not out of the legal woods just yet. Now, remember his first trial on obstruction of justice charges and witness tampering ended in a hung jury two weeks ago. Now, federal prosecutors say they will try him again.

And now, Quattrone is accused of trying to obstruct justice when he sent out a December 5, 2000 e-mail encouraging workers to -- quote -- "clean up" -- end quote -- their files. At the time, the SEC and a grand jury were looking into how credit Suisse First Boston doled out hot IPO shares.

Quattrone has maintained his innocence. Soledad, this new trial may not begin until 2004, so the story continues.

O'BRIEN: All right, Carrie, thanks very much -- Carrie Lee of CNNfn joining us this morning. Thank.

TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com.




Quattrone>