Expert Network Analyst John Kinnucan Enlists The Big Guns To Collect Money Supposedly Owed From Maverick Capital
You're a former expert network analyst who ran a boutique firm called Broadband Research, counting hedge funds like SAC Capital, Citadel, and Maverick as your clients. In November, the Feds tried to use you as a pawn in their three-year insider trading investigation, by approaching you as you were "sipping wine on the porch," threatening to arrest you, and then suggesting that rather doing so, they'd like you to "help" them by wearing a wire while speaking to "one guy in particular" they were after. Despite being told that if you didn't cooperate, there'd be "trouble," you told them to go fuck themselves, and not only that, you fired off an email to clients (not making use of the bcc field), informing them that “Two fresh faced eager beavers from the FBI showed up unannounced (obviously) on my doorstep thoroughly convinced that my clients have been trading on copious inside information. (They obviously have been recording my cell phone conversations for quite some time, with what motivation I have no idea.) We obviously beg to differ, so have therefore declined the young gentleman’s gracious offer to wear a wire and therefore ensnare you in their devious web.” Basically, you saved their asses.
Fast forward a few months and you've been forced to shutter your research firm and have run into some tough times. One of your former clients, Maverick Capital you say, still owes you money and you're more than a little miffed the founder hasn't responded to your most recent email in which you wrote:
"Yo Lee [Ainslie] homey, sorry to break it to you, but looks to me likely that Maverick will soon be charged with insider trading. Just thought I'd let you know...Regards, JK."
What do you do? You get a guy known for delivering results to send a message.
Obviously the man we speak of is Charlie Gasparino, who has some experience relentlessly chasing people down until he gets what he wants, be it stories, money or the good pull-up bar.
Kinnucan says all but one of his clients, Maverick Capital, has paid him. A spokesman for Maverick tells Fox Business the firm "is confident it will reach an amicable resolution with Mr. Kinnucan on the money he says he is owed."
Oh, it better be. Otherwise, 1) Kinnucan is going to start naming names:
"One other thing I wanted to point out to you is that the wiretaps contain several instances of me declining to break the law, even when requested to do so by my clients," Kinnucan wrote in another email to FOX Business. "In particular they were asking me for specific numbers about certain companies, and I refused to provide them, even though I did indeed have specific numbers. In the event, the numbers turned out to be so far off as to be worse than useless, but that was only known after the fact. Net, I was well aware of where the line stood, and declined to cross it on numerous occasions, even at the expense of damaging my client relationships."
...and 2) Gasparino's gonna start making house calls.
Key Insider-Trading Analyst Kinnucan Says He's Now a Target [FBN]
Earlier: How To React When The FBI Asks You To Help It Take Down SAC Capital Et Al
