Vincent McCrudden, the founder of Project For Government Reform, was born and raised in New York. He attended the University of Rhode where he studied economics and marketing. He then played briefly in the NASL Professional Soccer League for the Tampa Bay Rowdies and Minnesota Strikers. Mr. McCrudden is divorced with two children. He is twice a survivor of the World Trade Center terrorist attacks, and was in One WTC on 9/11 and lost 23 of his friends and colleagues.
Mr. McCrudden began his career in 1986 on the floors of the Commodity Exchange in New York where he executed orders as a broker. After a couple of years, he was executing orders for some of the largest hedge fund and financial firms in the world. In 1989, McCrudden left the floor and went "upstairs" where he continued to broker financial products such as Gold, Silver and Foreign Exchange Derivatives. He would eventually go on to broker products in Equity and Credit Derivatives. During the course of his career, Mr. McCrudden would either execute or trade hundreds of billions of dollars of sophisticated financial derivatives for the largest financial firms in the world, and he would never have a customer complaint.
In 1995, McCrudden started a small commodity pool. That pool would be the victim of fraud to manipulate the copper markets by Sumitomo Bank, JP Morgan, Merrill Lynch and others. McCrudden became a lead plaintiff against all of these institutions on behalf of his investors, and his career would never be the same again. In 2000, McCrudden, at the behest of a former Assistant US Attorney whose law firm was defending JP Morgan, got the Eastern District Court of New York to file mail fraud charges against McCrudden for simply using the accounting standard given to him by the NFA and CFTC to account for the Sumitomo Settlement award. In 2003, McCrudden was acquitted of all charges after a 2.5 week trial in less than an hour of deliberations. That would be just the start of the Government's pursuit of McCrudden.
In 2004 and 2005, the NFA would deny McCrudden's licenses in a corrupt process carried out by Dan Driscoll and Charles Nastro, the former Chairman of the NFA, with a broad, bogus charge called "for good cause." In 2006, the US Attorneys Office would extort McCrudden into doing a one year "diversion program" after a lawyer at the NFA would not give McCrudden discovery for his appeal. They would later rescind and extort McCrudden into doing two years. McCrudden would lose his appeal to the CFTC and Second Circuit Court to get his commodities licenses back. His attorney would say that the Second Circuit Court Judge, Reena Raggi, was "predisposed."
In 2008, McCrudden was asked by Finra to help investigate a former employee who had stolen over $100k from McCrudden due to him in commissions. This request was a sham and Finra, at the request of the NFA and CFTC were sent in to take away McCrudden's securities license's as well, and to further defame and libel McCrudden. Finra would charge McCrudden with a broad nonsense charge of "failure to uphold high standards" simply for email correspondences with his former employer seeking money owed him from 2006. Since McCrudden already statutorily lost his securities licenses due to the loss at the Second Circuit in the NFA/CFTC case, Finra's process was all for pure personal vendetta.
In 2008, McCrudden set up an exempted hedge fund with $700k. The fund would go on to return 99.6% net audited return and become one of the best performing multi strategy hedge funds in the world that year after only 7 months in operation. In 2009, the fund would produce an additional 81% return by mid year. Because past personal disclosures made it difficult for the fund to raise capital, it was sold to another firm. Within days of news of the performance of the fund and the sale, the SEC and CFTC subpoenaed all the administrators, clearing firms, banks and investors of the fund. They even asked investors for "any dirt on McCrudden" and "don't tell them we we're asking about him." The fund would reach $15 million AUM and return a net audited 38% in 2009 before being forced to close due to the CFTC and SEC process.
It didn't take long for McCrudden to realize that he was a target of the US Government. He wrote and met with Senators and Congressmen for help. He wrote House and Senate Financial Committees. He wrote Inspector Generals, Ombudsman, Project on Government Oversight. All to a deaf ear. Frustrated, he left all he had ever known to go to Singapore to see if he could make a living. In October 2010, the NAC, an appellate arm of Finra, not only ruled in favor of Finra's decision, but upped the penalties from a 30 day suspension to one year and monetary penalties of $50,000 from $10,000. All of which was irrelevant by this time. In December 2010, the CFTC filed charges in federal court suing McCrudden for $58 million dollars for a "simple registration violation," basically stating that they did not receive all the proper paperwork from the funds attorneys. On December 19, 2010, Gary Gensler, the Chairman of the CFTC organized a raid with the FBI and Homeland Security to the home of McCrudden's ex-wife. A place he had not lived in four years. They interrogated his 19 year old daughter who was home alone from college.
In some of the writings after this unlawful raid on McCrudden's former home, he wrote some provocative language on his company website knowing the Government was watching. On January 14, 2011, McCrudden was met off an airplane by 40 armed federal agents and charged with "sending threatening communications via internet commerce." Even though he had no prior criminal record, he was denied bail and would spend six months before trial locked up in a GEO private prison for 24 hours a day. McCrudden would also be charged with an email sent in September written to Dan Driscoll at the NFA. McCrudden has always denied wriiing that email and it has become known later that the NSA has known to construct covert operations like "changeling" and "cleam sweep" in framing innoent citizens. The only evidence they had was that it was from an IP address he once used for an internet phone call. An IP address that was one of the most hacked addresses in Southeast Asia. When he was determined to go to trial and not accept the DOJ's settlement offer, they delayed the trial a week. After not accepting multiple offers of settlement from the US Attorney's Office, they, amazingly, produced a Facebook posting stating threats to some NFA officials McCrudden have never heard of in his life. It was "found" by the COO of the NFA, Dan Driscoll. McCrudden was incorrectly told that he faced thirty years in federal prison. He was extorted into accepting the DOJ's non-binding plea offer of 21-27 months in prison. On April 6, 2012, McCrudden was sentenced to 28 months in prison and 24 months "supervised release".
On October 31, 2012 McCrudden was released from prison. Immediately he set out to restore his name and hold accountable bad actors in Government. He started an organization, Project For Government Reform, wrote a book, “Leverage & Extortion; One Man’s Story of How the US Government Operates”, filed complaints against Judges and Lawyers, and filed 4 federal lawsuits against US Regulators and Department of Justice Officials.
All of his lawsuits were dismissed for the same technical reason, "failure to state a claim upon where releif can be granted." Complaints to the Second Circuit Court of Appeals Council about Federal Judges were never responded to. Complaints about his lawyers were dismissed by their own bar association. Complaints against Federal Judges to the Senate Judiciary Committee went unanswered. In all, McCrudden produced over 400 legal correspondences during the two years.
On November 14, 2014, McCrudden wrote an email and sent it to 200 media and 200 to Senate and their staff explaining reasons why Loretta Lynch should not be confirmed as USAG. All went unanswered. Included in the emails were his lawsuit against Lynch (14-cv-1047 EDNY) and a letter written to President Obama a year earlier complaining about her. On that Monday, November 17, 2014 at 6am, McCrudden's home was raided by 25 armed FBI agents and US Marshals. He was arrested, his home illegally searched and computers and other material illegally seized. He was brought to court and charged with sending threatening communications via interstate commerce. He was remanded to prison by Judge Denis Hurley. The Government presented 10 letters to the Courts as “evidence” over the course of 2 years. Five of those letters were written to Hurley. Three other letters were written to the Second Circuit and Senate Judiciary Committee complaining about Hurley. Hurley refused to recuse himself.
On March 17, 2015 McCrudden was exonerated. His letters to the Court deemed not threatening and fully protected speech as he had maintained all along. But not before being held as a political prisoner for 4 months at Loretta Lynch’s request. To validate their incarceration of him, the Department of Justice found correspondence with an inmate serving a 12 year drug sentence in Berlin, New Hampshire. McCrudden had submitted a motion for this young man and his family to benefit from a new law, Amendment 782. McCrudden was successful in getting his 12 year drug sentence reduced to under 10 years. Loretta Lynch was angry she lost the previous case, the second time she had lost a case against McCrudden, so the Government filed charges of violations of Supervised Release and wanted McCrudden to go back to prison for at least 10 months for "association with known felons.". Never in the history of the Second Circuit Court of Appeals had anyone been charged singularly with "association" never mind been sent to prison for it. On August 25, 2015, McCrudden was incredibly sentenced to 10 months in prison. He served his time at maximum security administrative prisons in New York City. Furthermore, they placed a managerial variable and public safety factor making his time harder and restricting his movements, and also deliberately placing him in harms way and fearing for his life.
The corrupt Judge, Denis Hurley at sentencing called McCrudden " a most dangerous person" although never charged nor convicted of a violent crime in his life. He disclosed for the first time although refusing to recuse himself that he had been communicating and working with the US Marshals all along, validating McCrudden's claims from day one that Hurley had been placed deliberately to deny him justice. To further justify his corrupt decision, he disclosed also that for the "first time in his life, he started using a burglar alarm." In all the years as a Senior Judge and dealing with organized crime, arms dealers, wealthy businessmen, violent gangs, terrorists and others, this was the first time he was scared? This of course was bullshit and no one believed him. Because Hurley exclusively used acquitted conduct found innocent by a preponderance of evidence to sentence McCrudden unlawfully. The Second Cicruit of couse refused to hear McCrudden's En Banc appeal, but instead, the Government tried to right a wrong by doing something they never do, release McCrudden from the remaining Supervised Release in October 2016.
When Loretta Lynch was safely confirmed by the Senate as USAG. In her acceptance speech, she thanked Senators Schumer and Leahy, the exact people McCrudden had reached out to help him and his family for being targeted. To distort her legacy, she now is seeking society to hire the very people she has imprisoned.
In May 2016, McCrudden received a letter from the Second Circuit Court of Appeals Council admitting they did not follow due process in allowing Hurley to be investigated for judicial misconduct. They said it was an "oversight" on their part, but no one person is held accountable as usual.
The original CFTC registration case is into its 7th year. The Government has now used 19 years of resources and tens of millions of dollars in pursuit of McCrudden for sport with no end. To date, there is not a single quote not article written about what has transpired from McCrudden's perspective. Everyone in society has abandoned McCrudden. The media refuse to even debate the issues never mind do any investigative work to at least attempt an article to inform the public.
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Mr. McCrudden began his career in 1986 on the floors of the Commodity Exchange in New York where he executed orders as a broker. After a couple of years, he was executing orders for some of the largest hedge fund and financial firms in the world. In 1989, McCrudden left the floor and went "upstairs" where he continued to broker financial products such as Gold, Silver and Foreign Exchange Derivatives. He would eventually go on to broker products in Equity and Credit Derivatives. During the course of his career, Mr. McCrudden would either execute or trade hundreds of billions of dollars of sophisticated financial derivatives for the largest financial firms in the world, and he would never have a customer complaint.
In 1995, McCrudden started a small commodity pool. That pool would be the victim of fraud to manipulate the copper markets by Sumitomo Bank, JP Morgan, Merrill Lynch and others. McCrudden became a lead plaintiff against all of these institutions on behalf of his investors, and his career would never be the same again. In 2000, McCrudden, at the behest of a former Assistant US Attorney whose law firm was defending JP Morgan, got the Eastern District Court of New York to file mail fraud charges against McCrudden for simply using the accounting standard given to him by the NFA and CFTC to account for the Sumitomo Settlement award. In 2003, McCrudden was acquitted of all charges after a 2.5 week trial in less than an hour of deliberations. That would be just the start of the Government's pursuit of McCrudden.
In 2004 and 2005, the NFA would deny McCrudden's licenses in a corrupt process carried out by Dan Driscoll and Charles Nastro, the former Chairman of the NFA, with a broad, bogus charge called "for good cause." In 2006, the US Attorneys Office would extort McCrudden into doing a one year "diversion program" after a lawyer at the NFA would not give McCrudden discovery for his appeal. They would later rescind and extort McCrudden into doing two years. McCrudden would lose his appeal to the CFTC and Second Circuit Court to get his commodities licenses back. His attorney would say that the Second Circuit Court Judge, Reena Raggi, was "predisposed."
In 2008, McCrudden was asked by Finra to help investigate a former employee who had stolen over $100k from McCrudden due to him in commissions. This request was a sham and Finra, at the request of the NFA and CFTC were sent in to take away McCrudden's securities license's as well, and to further defame and libel McCrudden. Finra would charge McCrudden with a broad nonsense charge of "failure to uphold high standards" simply for email correspondences with his former employer seeking money owed him from 2006. Since McCrudden already statutorily lost his securities licenses due to the loss at the Second Circuit in the NFA/CFTC case, Finra's process was all for pure personal vendetta.
In 2008, McCrudden set up an exempted hedge fund with $700k. The fund would go on to return 99.6% net audited return and become one of the best performing multi strategy hedge funds in the world that year after only 7 months in operation. In 2009, the fund would produce an additional 81% return by mid year. Because past personal disclosures made it difficult for the fund to raise capital, it was sold to another firm. Within days of news of the performance of the fund and the sale, the SEC and CFTC subpoenaed all the administrators, clearing firms, banks and investors of the fund. They even asked investors for "any dirt on McCrudden" and "don't tell them we we're asking about him." The fund would reach $15 million AUM and return a net audited 38% in 2009 before being forced to close due to the CFTC and SEC process.
It didn't take long for McCrudden to realize that he was a target of the US Government. He wrote and met with Senators and Congressmen for help. He wrote House and Senate Financial Committees. He wrote Inspector Generals, Ombudsman, Project on Government Oversight. All to a deaf ear. Frustrated, he left all he had ever known to go to Singapore to see if he could make a living. In October 2010, the NAC, an appellate arm of Finra, not only ruled in favor of Finra's decision, but upped the penalties from a 30 day suspension to one year and monetary penalties of $50,000 from $10,000. All of which was irrelevant by this time. In December 2010, the CFTC filed charges in federal court suing McCrudden for $58 million dollars for a "simple registration violation," basically stating that they did not receive all the proper paperwork from the funds attorneys. On December 19, 2010, Gary Gensler, the Chairman of the CFTC organized a raid with the FBI and Homeland Security to the home of McCrudden's ex-wife. A place he had not lived in four years. They interrogated his 19 year old daughter who was home alone from college.
In some of the writings after this unlawful raid on McCrudden's former home, he wrote some provocative language on his company website knowing the Government was watching. On January 14, 2011, McCrudden was met off an airplane by 40 armed federal agents and charged with "sending threatening communications via internet commerce." Even though he had no prior criminal record, he was denied bail and would spend six months before trial locked up in a GEO private prison for 24 hours a day. McCrudden would also be charged with an email sent in September written to Dan Driscoll at the NFA. McCrudden has always denied wriiing that email and it has become known later that the NSA has known to construct covert operations like "changeling" and "cleam sweep" in framing innoent citizens. The only evidence they had was that it was from an IP address he once used for an internet phone call. An IP address that was one of the most hacked addresses in Southeast Asia. When he was determined to go to trial and not accept the DOJ's settlement offer, they delayed the trial a week. After not accepting multiple offers of settlement from the US Attorney's Office, they, amazingly, produced a Facebook posting stating threats to some NFA officials McCrudden have never heard of in his life. It was "found" by the COO of the NFA, Dan Driscoll. McCrudden was incorrectly told that he faced thirty years in federal prison. He was extorted into accepting the DOJ's non-binding plea offer of 21-27 months in prison. On April 6, 2012, McCrudden was sentenced to 28 months in prison and 24 months "supervised release".
On October 31, 2012 McCrudden was released from prison. Immediately he set out to restore his name and hold accountable bad actors in Government. He started an organization, Project For Government Reform, wrote a book, “Leverage & Extortion; One Man’s Story of How the US Government Operates”, filed complaints against Judges and Lawyers, and filed 4 federal lawsuits against US Regulators and Department of Justice Officials.
All of his lawsuits were dismissed for the same technical reason, "failure to state a claim upon where releif can be granted." Complaints to the Second Circuit Court of Appeals Council about Federal Judges were never responded to. Complaints about his lawyers were dismissed by their own bar association. Complaints against Federal Judges to the Senate Judiciary Committee went unanswered. In all, McCrudden produced over 400 legal correspondences during the two years.
On November 14, 2014, McCrudden wrote an email and sent it to 200 media and 200 to Senate and their staff explaining reasons why Loretta Lynch should not be confirmed as USAG. All went unanswered. Included in the emails were his lawsuit against Lynch (14-cv-1047 EDNY) and a letter written to President Obama a year earlier complaining about her. On that Monday, November 17, 2014 at 6am, McCrudden's home was raided by 25 armed FBI agents and US Marshals. He was arrested, his home illegally searched and computers and other material illegally seized. He was brought to court and charged with sending threatening communications via interstate commerce. He was remanded to prison by Judge Denis Hurley. The Government presented 10 letters to the Courts as “evidence” over the course of 2 years. Five of those letters were written to Hurley. Three other letters were written to the Second Circuit and Senate Judiciary Committee complaining about Hurley. Hurley refused to recuse himself.
On March 17, 2015 McCrudden was exonerated. His letters to the Court deemed not threatening and fully protected speech as he had maintained all along. But not before being held as a political prisoner for 4 months at Loretta Lynch’s request. To validate their incarceration of him, the Department of Justice found correspondence with an inmate serving a 12 year drug sentence in Berlin, New Hampshire. McCrudden had submitted a motion for this young man and his family to benefit from a new law, Amendment 782. McCrudden was successful in getting his 12 year drug sentence reduced to under 10 years. Loretta Lynch was angry she lost the previous case, the second time she had lost a case against McCrudden, so the Government filed charges of violations of Supervised Release and wanted McCrudden to go back to prison for at least 10 months for "association with known felons.". Never in the history of the Second Circuit Court of Appeals had anyone been charged singularly with "association" never mind been sent to prison for it. On August 25, 2015, McCrudden was incredibly sentenced to 10 months in prison. He served his time at maximum security administrative prisons in New York City. Furthermore, they placed a managerial variable and public safety factor making his time harder and restricting his movements, and also deliberately placing him in harms way and fearing for his life.
The corrupt Judge, Denis Hurley at sentencing called McCrudden " a most dangerous person" although never charged nor convicted of a violent crime in his life. He disclosed for the first time although refusing to recuse himself that he had been communicating and working with the US Marshals all along, validating McCrudden's claims from day one that Hurley had been placed deliberately to deny him justice. To further justify his corrupt decision, he disclosed also that for the "first time in his life, he started using a burglar alarm." In all the years as a Senior Judge and dealing with organized crime, arms dealers, wealthy businessmen, violent gangs, terrorists and others, this was the first time he was scared? This of course was bullshit and no one believed him. Because Hurley exclusively used acquitted conduct found innocent by a preponderance of evidence to sentence McCrudden unlawfully. The Second Cicruit of couse refused to hear McCrudden's En Banc appeal, but instead, the Government tried to right a wrong by doing something they never do, release McCrudden from the remaining Supervised Release in October 2016.
When Loretta Lynch was safely confirmed by the Senate as USAG. In her acceptance speech, she thanked Senators Schumer and Leahy, the exact people McCrudden had reached out to help him and his family for being targeted. To distort her legacy, she now is seeking society to hire the very people she has imprisoned.
In May 2016, McCrudden received a letter from the Second Circuit Court of Appeals Council admitting they did not follow due process in allowing Hurley to be investigated for judicial misconduct. They said it was an "oversight" on their part, but no one person is held accountable as usual.
The original CFTC registration case is into its 7th year. The Government has now used 19 years of resources and tens of millions of dollars in pursuit of McCrudden for sport with no end. To date, there is not a single quote not article written about what has transpired from McCrudden's perspective. Everyone in society has abandoned McCrudden. The media refuse to even debate the issues never mind do any investigative work to at least attempt an article to inform the public.
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