Ex-MF Global Trader Indicted Over $141M In Losses

Law360, New York (April 28, 2010, 6:53 PM EDT) -- A Mississippi man has been indicted for allegedly causing MF Global Inc., his former clearing firm, $141 million in losses by entering into wheat futures contracts through the Chicago Board of Trade in 2008 knowing he couldn't cover possible losses.

Evan “Brent” Dooley, a former “associated person” in MF Global's Memphis, Tenn., office who traded for clients and through his own account at the firm, was indicted Wednesday in the U.S. District Court for the Northern District of Illinois on 16 counts of wire fraud and...
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