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FBN's Charlie Gasparino breaks down the latest on John Kinnucan's whereabouts and financial status.
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All right Lauren thanks so much.
FBI it's -- part of that massive crackdown on insider trading so -- stock you can you can now and did the FBS still want to cooperate Charlie Gasparino is here to talk to only.
You know when he was a restaurant disguises guys said too eager -- FBI agent showed up on my doorstep alerted the world including is going to the biggest hedge funds -- America.
SEC capital city of you name it.
Basic told their role in the investigation.
His life kind of went downhill after that clients dried up you know once you put that -- it wasn't making any money.
-- also he he lost in John I know John pretty well but he lost and he started sending.
You know the sort of incredibly nasty emails and phone calls messages he left.
We are to FBI agents to the -- assistant US attorneys on this case of rape it.
I know some it's not funny because it was yes sorry it was in none of them that -- criticizing litigants it's kind of hard to -- about some of the stuff.
But it's very seriously were racist insane emails termed clearly lawsuit he did get arrested.
Here's what we know about this guy who at one time I will tell you know this from my sources of law enforcement he was considered a possibly one of the best potential.
-- -- witnesses and cooperating as they could have cause of his he made so much money Jonathan -- made a million dollars a year.
And deal with all the major hedge funds they had him on tape -- want to flip them he said no.
Here's where he is now.
We know that the FBI is no longer existed in this guy anymore was arrested for the threats are for the insider trading insider trading -- the -- there were some sort of threats although they would there was some talk about that but.
No longer just did in his cooperation.
He remains in a federal -- in Brooklyn he cannot make his bail we do know that he was unable to make -- and he does qualify for public defender.
So that we'll tell you that this is -- guy that you know I'm not saying he's broken I don't know his assets liabilities but to but to a -- you know qualify for public defender.
You have to have liabilities greater than your assets I mean he's in financial difficulty he clearly.
Convince the court that you know ease the ease on the way to be in broker almost broke that he doesn't have enough money to pay for a lawyer.
We should point out that I I did calls public defender.
She did not return calls from for comments of this is pretty interesting I think what does -- tell about the bigger case -- presents a cap on -- threat -- well.
You know.
It says this.
This is an investigation that has.
You know -- some of the biggest people in in in the hedge fund business and some small people.
And eat it clearly had an impact on people's lives I mean if you look at the case about -- and you can.
Take his racist and seen.
And voicemails and emails which he is the copy me on the emails they are not for the faint of heart take that out this is clearly guy would emotional problems.
This guy because if you if you read the case it's if this is not high crimes and misdemeanors -- -- -- you know this guy was not.
The in the porch criminal threat I think they've made broad -- right amount to the former gallium.
The founder who -- in jail right now for insider trading he was up.
Bit player that's -- they wanted a flip them he wasn't putting in the -- not gonna make quite -- world but don't Wessels fall off -- that they tried to flip.
What I'm saying is that this guy he's.
The impact on this on his life has been pretty devastating -- used to kids he has got a wife.
It's probably gonna lose his house he has no money he's got no job.
And he remains in -- in federal jail in all of this is -- pretty sad story.
Like I said.
Known here will condone his emails they were in seen in -- and disgusting at a given there were just pathetic they would they would -- -- -- profane at a level that.
Shocked -- to -- a lot which -- shocked me I mean he called up I mean this really didn't get out there -- up the somebody assistant US attorneys got -- on the phone.
And went nuts on.
Okay now.
Is -- a threat to them.
Probably not but my point is.
That you know here's a guy that gained a degree notoriety he's in jail still another is life is financial if is is is is probably over.
Wow try to stay -- get to devastating story I mean really --
