Quattrone Punished for Taking the Stand
Frank Quattrone was sentenced to 18 months in federal prison yesterday. The Judge's decision is one to be feared by all defendants. Even though Quattrone was not convicted of perjury, the Judge increased his sentence because he believed Quattrone lied when he testified in his own behalf at trial.
Judge Richard Owen of the Southern District of New York rejected a Probation Department recommendation that Quattrone serve only five months behind bars for his May 3 conviction for obstructing justice, obstructing an agency proceeding and witness tampering. Judge Owen found that the former star investment banker at Credit Suisse First Boston perjured himself on the witness stand and deserved a higher sentence.
Upon objection from John Keker, Quattrone's lawyer, the Judge said:
"A defense lawyer runs the risk of this by putting the defendant on the stand. You can avoid the perjury issue by simply not taking the witness stand."
The Judge also refused to follow the recent Supreme Court's Blakely decision which held that juries, not judges, must decide facts that increase a sentence.
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