Bloomberg News

Kinnucan’s Phone Threats Should Bar His Release, U.S. Says

February 18, 2012

(Updates with excerpt from court filing in third paragraph.)

Feb. 17 (Bloomberg) -- U.S. prosecutors asked a judge to detain John Kinnucan, who is charged with taking part in an insider-trading scheme, citing a “pattern of threats and intimidation” against witnesses and U.S. authorities.

Prosecutors in court papers quoted from profanity-filled voice-mail messages sent over two months to assistant U.S. attorneys, FBI agents and a witness who is cooperating with the government’s investigation. The voice mails contain numerous ethnic and racial slurs and references to the Holocaust.

“Kinnucan has engaged in volatile and extreme conduct, using references to genocide, violence and physical harm directed to the targets of his ominous tirades,” Manhattan federal prosecutors said in papers filed in federal court in Portland, Oregon, where Kinnucan is appearing this afternoon.

Kinnucan, 54, the founder of Broadband Research LLC, was arrested at his Portland home yesterday and charged with one count of conspiracy to commit securities fraud, one count of conspiracy to commit wire fraud and two counts of securities fraud in a complaint unsealed in New York.

“How the f--k can you live?” Kinnucan said to the cooperating witness in a voice mail on Feb. 11, according to the government. “Do you have a family, do you have children, do you have a wife? How can you even walk down the street, why don’t you just f--king kill yourself?”

The case is U.S. v. Kinnucan, 12-mag-424, U.S. District Court, Southern District of New York (Manhattan).

--Editors: David Glovin, Mary Romano

To contact the reporter on this story: Bob Van Voris in New York at rvanvoris@bloomberg.net

To contact the editor responsible for this story: Michael Hytha at mhytha@bloomberg.net;


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