Thursday, March 29, 2012

MF Global Exec Pleads The Fifth

Edith O’Brien, the MF Global Holdings Ltd. (MF) assistant treasurer who has become a key figure in tracing the disappearance of as much as $1.6 billion in customer funds, declined to answer questions from House lawmakers, Bloomberg reports.

O’Brien, who appeared yesterday under subpoena before a House Financial Services subcommittee, invoked her constitutional right against self-incrimination during a hearing on the New York firm’s Oct. 31 bankruptcy.

After indicating that she would decline to answer all questions by members of the subcommittee, O’Brien was dismissed from the hearing room….

Find out more at http://www.bloomberg.com/news/2012-03-29/mf-global-hearing-epa-war-on-coal-freight-cartel-compliance.html

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