Edith O'Brien, the Chicago-based treasurer of MF Global Holdings Ltd.'s broker-dealer, was pulled from back-office obscurity onto center stage last year in testimony to Congress by former chief executive Jon S. Corzine.
Today, having become a key figure in the brokerage's messy denouement, she faces lawmakers directly for the first time.
O'Brien was identified by Corzine several times as an employee with knowledge of transfers that may have included customer funds in what he called the “chaotic'' days before the New York-based firm sought bankruptcy protection Oct. 31, becoming the eighth-largest bankruptcy in U.S. history. With $1.6 billion in customer money still missing, lawmakers are looking to her to provide details that have so far proven elusive.
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