Accused 'Execution List' Author Seeks Mitigating Evidence, Bail, Trial Delay

Jul 15 2011 | 11:41am ET

Hedge fund manager Vincent McCrudden's death threats against almost 50 government officials were part of "an ongoing public discussion about the honesty and efficacy of the financial regulatory system," his lawyer is to argue today.

Bruce Barket will ask a federal judge to allow him 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," to show the "context" of his client's allegedly threatening and profanity-laced e-mails to a number of regulators. Barkett has also asked that McCrudden be freed on bail and the trial, set to begin on July 18, be postponed due to new evidence about where McCrudden allegedly sent one of his e-mails.

McCrudden has said that several government agencies, including the Securities and Exchange Commission, Commodity Futures Trading Commission and National Futures Association have a vendetta against him, citing his 2002 indictment on mail fraud charges and his denial of NFA registration after his acquittal.

Barket said that the location in Singapore where prosecutors say McCrudden sent the e-mail was easily hacked, and that "there are a large number of disgruntled persons who bear considerable animus towards the CFTC and NFA, and who would have a substantial motive to send the anonymous e-mail."

Prosecutors say that McCrudden posting an "execution list" with 47 names on his Web site, urging readers to "go buy a gun and let's get to work in taking back our country from these criminals." McCrudden promised to be "the first to lead by example." Another e-mail allegedly written by McCrudden—but appearing to originate from CFTC Chairman Gary Gensler—to the NFA's Daniel Driscoll read, "it wasn't ever a question of 'if' I was going to kill you, it was just a question of when."

Prosecutors will argue that Barket "offers no logical connection between his threats to kill more than 40 people and the vague beliefs of unidentified members of an undefined group."


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

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.