Edith O'Brien, can she blow the MF Global case wide open? - FierceFinance

 Worth rereading Edith O'Brien, can she blow the MF Global case wide open? - FierceFinance

Edith O'Brien obviously knows a lot about what when down at MF Global during the final crazed hours when more than $1 billion missing.
We might not hear about what the assistant treasurer at MF Global knows in her scheduled testimony, as she will likely plead the fifth. But that doesn't mean she isn't talking at all. She apparently has provided information to Justice Department investigators and has been working with the trustee tasked with unraveling the mess.
The secret to the missing billion plus may be locked in her head, and to get it out in full will likely require an immunity deal. She has been working on securing such a deal, but it's unclear where that stands.
 O'Brien was the one who made clear to CFO Christine Serwinski that a shortfall of nearly $1 billion was the messy result of three in-step transactions. Among those transactions was a $175 million transfer to MF Global's London office that was said to be customer funds. An e-mail from O'Brien, recovered by congressional investigators, notes that the transfer was done "Per JC's [Jon Corzine's] direct instructions."
Recall that Corzine mentioned her by name in his testimony as the one who provided assurances that the transfer was legal. She refused to certify that in writing and her friends have hit back at those who would try to make her the fall guy in this mess.
The key to prosecuting someone at the level of Corzine will require an inside witness who knows all. Email evidence will not be enough. Is O'Brien that witness?
For more:
- here's an overview from CNNMoney
Related articles:
Hearing takes fresh look at MF Global scandal