Analyst Kinnucan Ordered Moved to New York for Insider Trial
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Broadband Research LLC founder John Kinnucan was ordered to be transported to New York to face trial for insider trading after a judge found him unable to meet the terms of his $5 million bail.
U.S. District Judge Deborah Batts in New York today said that a lawyer for Kinnucan, 54, who was indicted for insider trading and securities fraud, told her that his client was unable to satisfy the conditions of his bail. The lawyer asked that Kinnucan be moved to the federal courthouse in Manhattan by the U.S. Marshals Service, the judge said.