GO
Loading...
Live at 2:30p ET
LINDSEY VONN
CNBC.com web-only interview
Downhill skier Lindsay Vonn

John Kinnucan Expected to Plead Guilty to Insider Trading

John Kinnucan
CNBC
John Kinnucan

Research analyst John Kinnucan is expected to plead guilty Wednesday to charges related to insider trading, a source close to the case told CNBC.

Kinnucan was charged earlier this year for obtaining non-public information about publicly traded companies and selling that information to clients including hedge funds.

A hearing is scheduled for Wednesday at 11:30am ET in federal court in New York City.

John Kinnicun Arraignment
Credit:
John Kinnicun Arraignment

Kinnucan was denied bail earlier this year. At the bail hearing, prosecutors argued against releasing Kinnucan, saying he was a threat to authorities overseeing the case. They highlighted threatening messages Kinnucan allegedly sent to FBI agents and cooperating witnesses.

Kinnucan is currently incarcerated at the Metropolitan Detention Center in Brooklyn, NY.

The US Attorney's office declined comment.

Kinnucan's court-appointed defender did not return request for comment.

Follow CNBCnetnet on Twitter for the best of the day's posts, including breaking news. Follow NetNetDigest for a feed of every single post each day.

You can also be our friend on Facebook. We're on Google Plus too! Click here and add NetNet to your circles.

Questions? Comments? Tips? Email us atNetNet@cnbc.comor send a text message to: 917-740-8477.

Call us at 201-735-4638.

Featured

NetNet TV

Wall Street