You know when you get wind of someone speaking flatteringly of you to a third party and rather than be happy they’re saying nice things, want to die because you are embarrassed that people know you know that person? And every time you’re told so and so was singing your praises want to be like, “God damn it, just shut up, stop talking about me to people”? That’s probably how John “Let me tell you about the time I refused to wear a wire for the Feds” Kinnuacan’s clients are feeling right about now.
Kinnucan became something of a celebrity after refusing to cooperate with the investigation and notifying all his clients and industry contacts in an email last month. Several of the hedge funds and mutual funds that did business with him have been served with subpoenas. “My clients are not some scummy fly-by-night hedge funds,” Kinnucan told Reuters, insisting the kind of information on technology companies he provided his clients was perfectly legitimate.