A federal judge in Manhattan ruled that John Kinnucan, the Broadband Research LLC founder indicted for insider trading, can be freed on $5 million bond, rejecting prosecutors’ claims he engaged in a “campaign” of threats, Bloomberg gurus report. U.S. District Judge Deborah Batts agreed to release Kinnucan on the bond, ordering it be secured by $100,000 cash and property and signed by four financially-responsible people.
Batts said prosecutors had come “extremely close” to convincing her he should remain in custody before trial because he posed a danger to the community, prosecutors and agents.
“The vile, filthy, inflammatory, insulting language the defendant has used frequently with officers of the government, and even worse with potential witnesses against him, is mind- boggling,” she said in court. “However reading it, I cannot say there is direct threat, although he is certainly intimidating people or attempting to do so.”
Read all about it at http://www.bloomberg.com/news/2012-02-23/expert-networker-john-kinnucan-s-release-delayed-by-judge-1-.html
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