Ex-Trader McCrudden Gets 28 Months in Prison for Threats

by Staff Writer on April 9, 2012

Ex-Trader McCrudden Gets 28 Months in Prison for ThreatsBy Bloomberg:

Vincent P. McCrudden, a former New York commodities trader, was sentenced to two years and four months in prison for threatening to kill federal financial regulators.

McCrudden, 51, who pleaded guilty, last year, was sentenced today by U.S. District Judge Denis R. Hurley in federal court in Central Islip, New York. He apologized to his victims.

“I wrote provocative language on my website that could have been perceived as threatening,” McCrudden told the judge. “I would never intentionally hurt or cause bodily harm to another human being.”

On the day his trial was to begin in July he admitted to threatening the lives of 47 current and former officials, including Chairman Mary L. Schapiro of the Securities and Exchange Commission and Chairman Gary Gensler of the Commodity Futures Trading Commission.

McCrudden has been held without bail since his arrest upon returning to the U.S. in January 2011 from Singapore, where he lived with his fiancee. He was charged with threatening the officials in profanity-filled e-mails and, after the CFTC sued him the month before his arrest, Web postings.

‘Judge Was Fair’

“We do believe the judge was fair,” McCrudden’s lawyer, Sarita Kedia, said after the sentencing. “We would have liked to have seen Vincent get to go home sooner rather than later.”

McCrudden posted an “execution” list of government officials online, urging visitors to his website to take up arms against them and saying he would “lead by example.” He also e- mailed a threat directly to one person using Gensler’s name, prosecutors said.

“The nature of the crime, it’s just horrendous,” Hurley said today.

McCrudden said he was being persecuted for fighting back against unfair regulatory actions that destroyed his career. In addition to trading commodities, he ran his own hedge funds.

McCrudden wrote in a Sept. 30, 2010, e-mail to Daniel A. Driscoll, chief operating officer of theNational Futures Association, that he had hired people to kill him.

“It wasn’t ever a question of ‘if’ I was going to kill you, it was just a question of when,” McCrudden wrote. He sent the e-mail from Singapore over Gensler’s name.

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