Asset manager charged with threatening Finra and SEC officials: Report

Vincent McCrudden said to be arrested for allegedly menacing officials on his web site; 13 years ‘combating colluded government'

Jan 14, 2011 @ 4:07 pm

By Jessica Toonkel

A chief executive of an asset management firm was arrested by the FBI and charged with threatening 47 officials with the Securities and Exchange Commission and the Commodity Futures Trading Commission, according to a report by NBC.com. Many of those on the list are affiliated with the Financial Industry Regulatory Authority Inc.

Vincent McCrudden, CEO of Alnbri Management LLC, was arrested Thursday night at Newark International Airport when he arrived on a flight from Singapore, an FBI official told NBC. Calls from InvestmentNews to the FBI were not immediately returned.

According to the report, Mr. McCrudden was named as the subject of a lawsuit by the government in December. After that, he reportedly posted an execution list of government officials on his firm's website, offering a $100,000 reward for home addresses, phone numbers and other information on people named on the list. According to NBC, Mr. McCrudden stated on his site: “These people have got to go! And I need your help, there are just too many for me alone.”

Calls to Mr. McCrudden's attorney was not immediately returned.

While the alleged execution list no longer is on Alnbri's website, the site does note that the CEO has spent the past 13 years “combating a colluded government attempt to discredit and harass Mr. McCrudden through repeated bogus procedures. Mr. McCrudden has sought relief by suing multiple agencies and officials for $1 billion. But this has not stopped certain higher-ranking officials because they know that judges are government employees too. In order to stop the libel, slander and harassment at the hands of these entities, and with no available forum in the U.S. justice system, Mr. McCrudden has started a process to enact payback for years of government abuse.”

The site also notes that Mr. McCrudden has worked on Wall Street for over 20 years and is a survivor of the 9/11 attacks on the World Trade Center.

According to CNBC, Mr. McCrudden's site indicated that the list of 47 people should be “exposed for corruption and fired.” Reportedly, he added that “there are no good ways to execute this plan, but these people have to be exposed and held accountable.” That list, according to CNBC, included SEC chairman Mary Schapiro and Finra boss Richard Ketchum. Finra personnel make up about half of the 47 names on the list.

Finra officials declined to comment on this story.

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