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Friday
Jan142011

Trader Arrested for Threatening SEC

Photo Courtesy - Alnbri Management, LLC(NEW YORK) -- A New York trader who put a price on the heads of officials from the U.S. Securities and Exchange Commission (SEC) on his website was arrested Thursday night at Newark Liberty Airport upon his return to the U.S. from Singapore, authorities said.

Court records say Vincent McCrudden threatened to kill 47 current and former financial regulators officials at the SEC, the Financial Industry Regulatory Authority, National Futures Association and the U.S. Commodity Futures Trading Commission.

“He’s a good guy,” McCrudden’s lawyer, Bruce Barket, told ABC News. “He’s certainly not going to hurt anybody. He’s short tempered and he’s ill mannered. His creative writing needs some work. His timing is particularly bad, but the idea that this is anything other than a guy spouting off is just silly.”

Barket said that McCrudden, who trades primarily for himself, has been upset with financial regulators since 2003 when he was acquitted of mail fraud.

Copyright 2011 ABC News Radio

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