Frank Quattrone, the former technology maven at CSFB was indicted on Monday on obstruction of justice and witness tampering charges, say federal prosecutors. The indictment by a Manhattan grand jury replaces a criminal complaint filed by prosecutors on April 23 accusing Quattrone of similar charges. The three counts carry a total possible maximum prison term of 25 years and fines of $750,000.
The indictment allleges that Quattrone directed CSFB employees to destroy documents that had been subpoenaed by a federal grand jury and the SEC during investigations into preferential IPO allocations in the late 1990s. Defense lawyers have said there is no evidence that Quattrone had seen subpoenas related to the IPO investigation when he sent the e-mail ordering files to be destroyed. Quattrone, 47,resigned from CSFB on 4 March.