Tuesday, July 19, 2011

"Ex-trader admits threatening to kill U.S. regulators"

From Reuters via Yahoo:
A former commodities trader pleaded guilty on Monday to threatening to kill more than 40 financial regulators, including the heads of the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission.

Vincent McCrudden, 50, admitted in court that he posted the threats on his company's website last December, asking for help executing his plan. His guilty plea came the day testimony was to begin in his federal trial, said his lawyer Bruce Barket.

McCrudden pleaded guilty in U.S. District Court in Central Islip, New York, to two counts of transmission of threats to injure.

His posts included the names of current and former officials including SEC Chairman Mary Schapiro and CFTC Chairman Gary Gensler, as well as officials at the National Futures Association and the Financial Industry Regulatory Authority.

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