Miss. man pleads guilty to $141M trading loss

Published December 11, 2012 9:40pm ET



CHICAGO (AP) — A Mississippi man has pleaded guilty to making unauthorized wheat futures trades through the Chicago Board of Trade causing MF Global Inc. to lose $141 million.

Federal officials in Chicago said Tuesday that 44-year-old Evan Brent Dooley of Olive Branch, Miss., entered the plea to commodities trading violations. Authorities say he made large, unauthorized overnight trades through his own account. They say Dooley made the trades knowing he couldn’t pay for potential losses.

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