WHEN: Today, Tuesday, July 24, 2012
WHERE: CNBC’s “Fast Money”
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.
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