Hedge Fund Manager Arrested For Threats Against Regulators

Jan 14 2011 | 1:21pm ET

A Long Island hedge fund manager has been arrested for allegedly threatening the lives of 47 regulatory officials, including at the Securities and Exchange Commission and Commodity Futures Trading Commission.

Vincent McCrudden was arrested last night after he got off a flight from Singapore to Newark, N.J. According to prosecutors, the Alnbri Asset Management and PLNBM Asset Management chief also targeted staffers at FINRA and the National Futures Association.

According to court filings, McCrudden last month posted a long rant on his Web site that concluded, "Go buy a gun and let's get to work in taking back our country from these criminals. I will be the first to lead by example." He allegedly included an "execution list" with the 47 names, which have not been released.

"These people have got to go!" McCrudden allegedly wrote. "I need your help, there are just too many for me alone."

Things took an even scarier turn a few days later, when McCrudden is accused of offering $100,000 for home addresses, phone numbers and background information of the "corrupt Government people" or information proving that the 47 had been punished. And in September, the Federal Bureau of Investigation said he sent an e-mail to a government official warning, "you're a deal man!" and "It wasn't ever a question of 'if' I was going to kill you, it was... a question of when."

McCrudden, who worked at formerly worked at ICAP, made the threats after being hit with an enforcement action by the CFTC. In October, he sued the SEC, CFTC, FINRA, NFA and several officials at those regulators for harassment, seeking $1 billion.

McCrudden is set to be arraigned today in Central Islip, N.Y. If convicted, he faces up to five years on each count.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...