Edith O’Brien, the MF Global Holdings Ltd. (MF) assistant treasurer who has become a key figure in the disappearance of as much as $1.6 billion in customer funds, declined to answer questions from U.S. lawmakers.O’Brien, who appeared today under subpoena before a House Financial Services subcommittee, invoked her constitutional right against self-incrimination during a hearing on the New York firm’s Oct. 31 bankruptcy, the eighth largest in U.S. history.
After saying twice that she would not answer a question on the advice of counsel, O’Brien told lawmakers she would not answer any questions during today’s hearing.
“We’re extremely disappointed that you’ve chosen to do that,” Representative Randy Neugebauer, the chairman of the Financial Services oversight and investigations panel, said before he dismissed her. Read More
