Holy crap! A former hedge-fund manager set to be tried next week on charges he threatened to kill regulators wants to show the jury that his statements were part of a public dialogue about the corruption of the financial system, an argument a judge could bar in a ruling today, Bloomberg reports.
Vincent P. McCrudden, 50, is 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, as well as employees of the National Futures Association and the Financial Industry Regulatory Authority Inc.
McCrudden wants “to introduce evidence that there is an ardent and vocal community of people within the financial world who believe (rightly or wrongly) that these organizations are corrupt and/or inept,” his lawyer wrote in a court filing this month. A federal judge is expected to rule at a hearing today on what evidence will be allowed. Opening arguments are scheduled to begin July 18 in federal court in Central Islip, New York.
McCrudden, who was also a commodities trader, has been held without bail since he was arrested Jan. 13 returning from Singapore. He is charged with threatening the regulators in profanity-filled e-mails and, after the CFTC sued him in December, in Web postings. McCrudden has said he’s being persecuted for fighting back against unfair regulatory actions that destroyed his career…..
There's more...Find it at http://www.bloomberg.com/news/2011-07-15/fund-manager-mccrudden-wants-to-show-shared-hatred-of-regulators-at-trial.html
No comments:
Post a Comment