John Kinnucan Gets Bail In Insider Trading Case But He Can't Drink Alcohol, Use A Computer Or His mobile phone

Photo: CNBC video

Stock research analyst John Kinnucan, who was arrested on insider trading allegations by Federal authorities earlier this week, was granted bail by a federal judge, the New York Times reported.Kinnucan, the founder expert network Broadband Research, gained prominence for telling hedge fund clients in an email in 2010 that he refused to wear a wire requested by the FBI, the report said. 

He’s also known for leaving taunting, expletive-filled voicemail messages for government officials over the last few months.

Yesterday Judge Deborah Batts of the Federal District Court of Manhattan ordered Kinnucan be released from prison on $5 million bail because his messages, although she acknowledged them as vile and filthy, did not prove he posed a direct threat, the report said.

The thing is Kinnucan had to assure her that wouldn’t drink any alcohol.  He had been drinking up to three bottles of wine a day during the time in which he was leaving the harassing voicemail messages, according to OregonLive

He also had to agree that he wouldn’t use a computer or a phone to communicate with anyone other than his attorney.  

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.