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Kinnucan Entrapped by FBI?

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  • Description

    FBN's Charlie Gasparino on John Kinnucan, Broadband Research founder, speaking out against the FBI.

  • Duration 3:01
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To his home.

Asking about -- clients an insider trading allegations will now can you can is speaking out again.

This time saying the feds are going after him Charlie Gasparino has this exclusive details on -- strange held a rogue -- -- what's can you can.

-- Trabant the movie yet this is -- -- according to -- I mean this is a pretty agencies are remember this is the guy that sort of hold the world.

That the FBI was doing a massive insider trading investigation targeting all these hedge fund including many of his clients.

SEC capital the big hedge fund run by Steve Cohen Citadel investments the big hedge fund and Chicago by Ken Ken Griffin.

By now I guess you basically say they can who is running on tough times two things he tells us number one in this but it -- this story in its entirety can be read on that fox is network dot com.

I wrote to all up it's a pretty detailed account we have some -- -- -- -- tell -- when the one that the FBI has been contacting his clients.

A -- -- they went in first of wiretap.

His highs now they're gonna around contacting his clients try to get them to wiretap -- could to build a case against -- continue -- tells the fox.

This is network that he expects to be arrested pretty soon and here's the other thing.

This guy in terms of the business is kind of down -- -- look he lost his businessmen he was an expert researcher expert.

Network guy who's a -- that basic supply hedge funds -- information the FBI is now looking at that old network saying that some of those people step over the line.

Including maybe him he's saying that business is done he's been run around trying to basically convince his clients to pay morning that he says they don't.

Some of paid at least one has -- maverick capital the big hedge fund run by liason Ainsley.

Has not -- and so far going to be a maverick they think they're gonna work something out but canoe it's been sending out some very unusual -- -- About mr.

-- about others in this attempt to basically get this money so that's where we are now it's gotta be adjusting he disbanded his research business he says he's managing money.

And he says he's about to be charged by the FBI.

All right I've seen the first 48 I've seen law and order on the why did he strike a deal with the FBI to say look -- -- -- inflow.

You want to help you.

They give me some its -- of immunity not only did he not -- Strike a deal with the FBI he refused to start -- -- any it's of the very usual he alerted -- clients.

Not you know I don't know I mean you you would talk to him he would tell he's an interest in guy he's been honorary says he's done -- the world won't even -- expects to be charged.

It's gotta be just a member of the FBI went to him last November.

He is a lot of speculation as to who they wanted him to wiretap their stories out there which -- -- that first.

SEC capital somebody there also -- -- Citadel he tells the Fox Business Network that's what he saying now.

That it was somebody acts Citadel of long time tech technology fund manager they wanted him to set up an entrapment he said -- We should point out that this is all like I said it's on the web it's on our -- -- story that I -- of and we should also point -- that Citadel had no comment we should also point a couple inches of things there.

Most people -- all his clients received subpoenas SEC capitalize Citadel how's the people a maverick tell me they have not received the subpoena so it's kind of an interesting twist.

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