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Friday, January 14, 2011

FBI - Money Manager Arrested Over Threats to Kill 47 US Officials

Officials said Vincent McCrudden posted a $100,000 reward on a website for information that proved these officials had been punished. Federal prosecutors also said he sent numerous emails threatening individual workers





The FBI has arrested the head of an asset management firm for allegedly threatening 47 government officials with the Securities and Exchange Commission and the Commodities Futures Trading Commission.

Officials said Vincent McCrudden posted a $100,000 reward on a website for information that proved these officials had been "punished." Federal prosecutors also said he sent numerous emails threatening individual workers.

McCrudden is expected to be arraigned in federal court in Central Islip, New York Friday afternoon, a spokesman for U.S. Attorney Loretta Lynch said.

McCrudden, a Dix Hills, Long Island resident, was running PLNBM Asset Management and another firm, officials said. He was arrested at Newark airport last night after traveling back from Singapore, FBI officials said.

News of these alleged threats to government workers come after a mass shooting last week in which a gunman critically wounded an Arizona congresswoman and killed six others.

Officials said McCrudden was the target of civil enforcement action by the CFTC. He also allegedly made threats against workers with the Financial Industry Regulatory Authority (FINRA), an independent securities regulator, and the National Futures Association (NFA).

Each count carries up to 5 years if convicted. McCrudden's lawyer Bruce Barket could not be immediately reached for comment.












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