Wednesday, January 11, 2012

MF Global Chicago Treasurer Person of Interest

While prosecutors and regulators have jointly conducted dozens of depositions with former and current employees, a senior official in the Chicago office of MF Global recently declined to meet with the federal authorities, people briefed on the investigation said.
That official, Edith O’Brien, a treasurer at MF Global, is considered a “person of interest” in the investigation, the people said. Federal authorities suspect that she transferred about $200 million to JPMorgan Chase in London on the eve of the bankruptcy of MF Global, money that turned out to be customer cash. [snip]

The investigators are deposing employees as they search for the missing money. Some authorities are now examining whether MF Global used money from futures customers to pay securities customers who were closing accounts as the firm began to collapse, according to a person briefed on the matter.
So did they rip off farmers to pay Wall St or overseas obligations? You think this doesn't have an impact on this election? Think again.

P.S. In the wake of NH, my tweet stream. Here are a couple:
Anne Leary
gingrich wasn't my first choice, Sarah was.Idon't like fan&fred.But Romney has zero political courage Phil Klein quote.Newt does
Anne Leary
no. He's attacking insiders. He's redressing the bias toward Wall St vs Main St, toward products vs financl overkill.
13 hours ago
Related post here, The making of an anti-Romney, MF Global Mucks Up Heartland, Bill Clinton Tied to Corzine's MF Global Fiasco, Jon Corzine STOLE the customer cash at MF Global, Romney's Bridge on the River Kwai

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