A snitch in time

25 July 2012 By Reynolds Holding Follow @holdingren

Miscreants like ex-McKinsey partner Anil Kumar get off lightly by snitching next to those who don’t cooperate. John Kinnucan’s guilty plea after he famously refused to help a U.S. probe provides a fresh chance to distinguish between breaking the law and being stubborn.

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John Kinnucan, who refused to cooperate with U.S. federal investigators and loudly declared his innocence, pleaded guilty on July 25 to insider trading charges.

The research analyst is accused of paying corporate insiders for confidential information and passing it to hedge funds and other clients for a fee. Before his arrest earlier this year, he declined to wear a wire or otherwise cooperate with the government’s investigation of insider trading and sent an email to clients warning them of the probe.

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