April 16, 2013
A former commodities trader was sentenced in Illinois federal court Tuesday to five years in prison on charges that he cost his former clearing firm, the now-bankrupt MF Global Inc., $141 million in 2008 by making large trades on wheat futures contracts knowing he couldn't pay potential losses.
December 11, 2012
A Mississippi man pled guilty to commodities trading violations Tuesday in connection with causing his former clearing firm, now-bankrupt MF Global Inc., $141 million in losses in 2008 by making large trades on wheat futures contracts knowing he couldn't pay potential losses.