A rogue trader at MF Global Ltd. rang up $141.5 million in losses on the broker's account this week, the company said Thursday, a black eye that cost the company almost a fifth of its market value.
The Bermuda-based broker said on Wednesday morning it discovered Evan Dooley, a trader at the company's Memphis, Tenn., branch, trading wheat contracts in amounts that exceeded how much he was allowed to trade.
Rogue Wheat Trader Blamed For $141 Million Loss
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The Huffington Post
Seeded on Fri Feb 29, 2008 10:26 AM
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