Wednesday, December 21, 2011

MFG Treasurer Edith O'Brien Transferred $200 Million of Client Funds to JPM on Oct 28th

We now know the first and likely only MFG employee to do a perp walk over the stolen segregated client funds.
Mid-level execs are collateral damage intentionally thrown under the bus by the regulators and the banksters who stole an estimated $5-$10 Billion from MF Global clients' segregated funds.  Details emerged today that email records indicate that MFG treasurer Edith O'Brien transferred $200 million of clients' funds to JP Morgan on 10/28.

Federal authorities investigating the collapse of MF Global have uncovered e-mails that detail the transfers of money in the firm’s last days, including transfers that contained customer money, according to people close to the investigation.
One e-mail chain refers to the transfer of roughly $200 million that MF Global owed JPMorgan Chase on Oct. 28 — the firm’s last business day before it filed for bankruptcy.
In that chain, a senior official in the firm’s Chicago office was told to make the transfer, said the people close to the investigation who requested anonymity because the inquiry was still open.
That official, Edith O’Brien, a treasurer at MF Global, is considered a “person of interest” in the investigation, said two of the people, who added that authorities expected to interview her in the coming days. It was not clear who had directed Ms. O’Brien, whose job was to oversee the customer money, to make the Oct. 28 transfer. The roughly $200 million that JPMorgan Chase received is said to be entirely customer money.
Ms. O’Brien has hired a prominent criminal defense lawyer, Reid H. Weingarten of Steptoe & Johnson, according to one of the people.
Read more: