CNBC BREAKING NEWS: RESEARCH ANALYST JOHN KINNUCAN EXPECTED TO PLEAD GUILTY TOMORROW
Following is the unofficial transcript of breaking news from CNBC. All references must be sourced to CNBC.
Following is a link to the video on CNBC.com: http://video.cnbc.com/gallery/?video=3000104920&play=1
Following is a link to the story on CNBC.com: http://www.cnbc.com/id/48308613
MARY THOMPSON: HEY THERE, MELISSA. SOURCE CLOSE TO THE CASE TELLING CNBC THAT RESEARCH ANALYST JOHN KINNUCAN IS EXPECTED TO PLEAD GUILTY IN FEDERAL COURT IN NEW YORK CITY TOMORROW. KINNUCAN, AS YOU MIGHT RECALL, WAS ONE OF THE MANY PEOPLE THAT HAS BEEN INDICTED IN THIS WIDE-RANGING PROBE OF INSIDER TRADING, RELATED TO TIPS BEING PASSED FROM EXPERT NETWORKS TO HEDGE FUNDS. NOW, KINNUCAN IS EXPECTED TO PLEAD GUILTY TO CHARGES RELATED TO INSIDER TRADING. HE WAS INDICTED EARLIER THIS YEAR ON PASSING TIPS TO HEDGE FUNDS. AND ALSO, HE ALLEGEDLY HAS BEEN SENDING SOME THREATENING E-MAILS TO SOME LAW ENFORCEMENT OFFICIALS INVOLVED IN THIS CASE. HE HAS BEEN INCARCERATED SINCE HE WAS, AGAIN, INDICTED EARLIER THIS YEAR. AND AS I SAID, A SOURCE CLOSE TO CNBC TELLING CNBC THAT HE IS EXPECTED TO PLEAD GUILTY TO INSIDER TRADING CHARGES TOMORROW. MELISSA, BACK TO YOU.
About CNBC:
With CNBC in the U.S., CNBC in Asia Pacific, CNBC in Europe, Middle East and Africa, CNBC World and CNBC HD+, CNBC is the recognized world leader in business news providing real-time financial market coverage and business information to more than 395 million homes worldwide, including more than 100 million households in the United States and Canada. CNBC also provides daily business updates to 400 million households across China. The network's 16 live hours a day of business programming in North America (weekdays from 4:00 a.m. - 8:00 p.m. ET) is produced at CNBC's global headquarters in Englewood Cliffs, N.J., and includes reports from CNBC News bureaus worldwide. CNBC.com and CNBC Mobile Web (mobile.cnbc.com) offer real-time stock quotes, charts, analysis and video.
Members of the media can receive more information about CNBC and its programming on the NBC Universal Media Village Web site at http://www.nbcumv.com/mediavillage/networks/cnbc/