Olive Branch man pleads guilty to multimillion dollar fraud scheme | Crime
A Mid-South man has plead guilty to a multimillion dollar fraud scheme.
Federal officials charged 44-year-old Evan Dooley of Olive Branch with commodities trading violations.
He is accused of making large, unauthorised overnight trades through the Chicago Board of trade through his own account.
It resulted in a $141 million loss for MF Global Incorporation in Memphis.
Dooley is free on bond.
He faces up to 10 years in prison and a $1 million fine.