MF Global Ignored Risk Officer's Warnings On Euro Debt

Law360, New York (February 2, 2012, 2:33 PM EST) -- MF Global Inc.'s board and ex-CEO booted its chief risk officer in January 2011 after he raised concerns about the bankrupt firm's nearly $5 billion bet on European sovereign debt, replacing him with an executive who shared their more favorable view, the officers told Congress on Thursday.

Michael Roseman, who worked as MF Global's head risk manager from August 2008 to January 2011, butted heads with Jon Corzine over the exposure to European debt in the fall of 2010, when the ex-CEO and former New Jersey...
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