21 March 2012

House Subpoenas MF Global's Assistant Treasurer O'Brien

As the article notes, Edith O'Brien oversaw the fund transfers at MF Global, and almost certainly knows exactly what transpired, and who knew what about the misuse of the customer funds.

Reports have stated that Ms. O'Brien has been refusing to cooperate with investigators unless she is granted immunity from prosecution. And as the article notes, she is likely to plead the Fifth Amendment in her House appearance.

At least we might get a look at her and find out how she came to be in such a position. Information about her has gone largely missing from the web.

But I did find her LinkedIn page in case anyone would like to hire her.

House Panel Subpoenas MF Global's Assistant Treasurer
March 21, 2012, 2:31 p.m. ET

An MF Global Holdings Ltd. employee who oversaw fund transfers in the final week before the firm sought bankruptcy protection has been subpoenaed by a U.S. House subcommittee to testify next week about the securities firm's collapse.

The Oversight and Investigations subcommittee of the House's Financial Services Committee voted at about 2 p.m. Wednesday to subpoena Edith O'Brien, the company's assistant treasurer when it filed for Chapter 11 bankruptcy protection Oct. 31.

"Ms. O'Brien has unique, personal knowledge regarding how and why customer funds went missing," said Rep. Randy Neugebauer, the chairman of the subcommittee. "We owe it to the thousands of customers of MF Global—the ranchers, farmers and investors who lost money—to get to the bottom of how this could have happened."

Ms. O'Brien is expected to invoke her constitutional rights against self-incrimination and refuse to answer questions at the hearing next week, according to people familiar with the matter. Ms. O'Brien has so far declined to be interviewed by investigators and members of the committee...

Read the rest here.