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

Q&A: Executive Recruiter Talks Hedge Fund Closures, Hiring Trends

Dec 19 2014 | 6:58am ET

This year, hedge funds have been closing at a rate not seen since the financial...

Lifestyle

Cooper-Hohn Won't Contest Divorce Settlement

Dec 18 2014 | 9:51am ET

The ex-wife of hedge fund billionaire Christopher Hohn will not contest a divorce...

Guest Contributor

Alternative Investment Funds Face A Communications Imperative

Dec 19 2014 | 6:10am ET

A handful of the top alternative investment firms on both sides of the Atlantic...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.