When Regulation Gets Personal

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Vincent McCrudden, former commodities trader, pleaded guilty on Monday to threatening to kill more than 40 financial regulators, including the heads of the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission.

Last December, Mr. McCrudden, CEO of Alnbri Management LLC, posted on the company website threatening messages and asking for help executing his plan.   

According to the indictment, McCrudden wrote in one post “These people have got to go! And I need your help, there are just too many for me alone.”  

His posts included the names of current and former officials including SEC Chairman Mary Schapiro and CFTC Chairman Gary Gensler, as well as officials at the National Futures Association and the Financial Industry Regulatory Authority.

He also sent an email last September to Daniel Driscoll, the executive vice president and chief operating officer of the NFA, that said: “It wasn’t ever a question of ‘if’ I was going to kill you, it was just a question of when.”   

McCrudden pleaded guilty in U.S. District Court in Central Islip, New York, to two counts of transmission of threats to injure.     

Mr. McCrudden guilty plea came the day testimony was to begin in his federal trial.   He faces up to 10 years in prison for directly threating to kill public officials who were working to keep financial markets fair and open, and inviting others to join him.    Sentencing is scheduled for December 5. 

According to his biography posted on the website, McCrudden worked on Wall Street for more than 20 years, specializing in commodities, derivatives and foreign exchange

Anna Timone (195 Posts)


Comments

  1. Greece is tightening its belt — and the number of people living in poverty is surging as a result. Thousands line up in front of food banks and resort to rifling through rubbish bins. The country’s financial crisis is rapidly turning into a social one — while wealthy tax evaders manage to get off scot-free.

    http://www.spiegel.de/international/europe/0,1518,775301,00.html#ref=nlint

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