MF Global's Board Is Gonna Take Off Now

Author:
Updated:
Original:

The remaining directors of MF Global Holdings turned in their resignations Friday, following the appointment of a trustee to oversee liquidation of the futures brokerage. Former FBI director Louis Freeh was installed as trustee in the MF Global bankruptcy case on Monday. [CNBC]

Related

Woman Wants $150 Trillion-ish From MF Global, Thinks She Is Barack Obama

Earlier this month, the Journal explored the difficulty MF Global customers have encountered in attempting to get their "missing" back, after the firm went down for the dirt nap last October. One woman who can relate all too well? Barack Obama AKA Angela Dozier-Carter, who is owed $150 trillion and then some, of which she hasn't seen a dime. Sadly, it doesn't look like President Dozier-Carter will be seeing any money any time soon, as MF Global's lawyers have filed a motion dismiss her claim, calling them "patently absurd on their face." In related news, this isn't the first time ADCBO has been screwed out of money rightfully owed to her. On January 27, 2010, Ms. Dozier-Carter filed two more complaints in the Court of Federal Claims, identified as case numbers 10-63 and 10-64. In Complaint 10-63, Ms. Dozier-Carter seeks $25 million as a reward for capturing Saddam Hussein. In Complaint 10-64, Ms. Dozier-Carter seeks $400,000 in annual salary and expenses because she allegedly "took the Oath of Office for the 44th President of the United States of America as Barack Obama[.]" This is far from over. MF Global Motion To Expunge Claim [PDF] Dozier-Carter v. U.S. [Leagle] Customer Divide At MF Global [WSJ]