Bloomberg reports that former commodities trader Vincent P. McCrudden, accused of threatening to kill financial regulators, pleaded guilty today. McCrudden pleaded guilty to two counts of transmission of threats to injure, before opening arguments were scheduled to begin in his trial in federal court in Central Islip, New York. The charges carry a maximum sentence of 10 years in prison. His sentencing was scheduled for Dec. 5.
McCrudden, 50, who also ran his own hedge funds, was accused of threatening the lives of 47 current and former officials, including Securities and Exchange Commission Chairwoman Mary L. Schapiro and Commodity Futures Trading Commission Chairman Gary Gensler.
McCrudden has been held without bail since he was arrested Jan. 13 returning from Singapore. He was charged with threatening the regulators in profanity-filled e-mails and, after the CFTC sued him in December, Web postings. McCrudden had said he was being persecuted for fighting back against unfair regulatory actions that destroyed his career…..
Read more at http://www.bloomberg.com/news/2011-07-18/former-commodities-trader-mccrudden-will-plead-guilty-in-death-threat-case.html
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