Breaking News Bar
updated: 4/16/2013 5:45 PM

Tennessee man gets 5 years in commodities case

hello
Success - Article sent! close
 
Associated Press

A Tennessee man has been sentenced to five years in federal prison for making unauthorized wheat futures trades through the Chicago Board of Trade causing MF Global Inc. to lose $141 million.

Federal prosecutors say 45-year-old Evan Brent Dooley of Mount Pleasant, Tenn., was sentenced Tuesday in Chicago. U.S. District judge Robert Dow Jr. also ordered Dooley to pay more than $141 million in restitution to MF Global Inc. Dooley pleaded guilty in December to two counts of violating the Commodity Exchange Act.

Order Reprint Print Article
 
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

Dooley is to begin his sentence on June 18. He was indicted in April 2010.

MF Global deactivated Dooley's account and liquidated the remainder of his position when it learned about the trades.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.
    help here