NEWS
Former MF Global Employee Admits Fault
Tue Dec 11, 2012 04:38 PM CST

(Dow Jones) -- A former commodities trader for MF Global Holdings Ltd. on Tuesday admitted guilt in a rogue trading episode that rocked the brokerage firm nearly five years ago and set in motion the events that led to its collapse.

Evan Dooley, previously an "associated person" in the Memphis, Tenn., office of MF Global, pleaded guilty Tuesday to futures trading violations in 2008 that drove a $141 million loss for MF Global, according to authorities.

Mr. Dooley, whose trades jostled prices in wheat markets in February 2008, couldn't immediately be reached for comment. His lawyer didn't respond to a ...

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