Former MF Global Inc. broker Evan Brent Dooley was sentenced to five years in prison for making unlawful unauthorized trades that caused the now-defunct futures firm to lose more than $141 million in 2008. The sentence, half of what the government sought, was imposed by U.S. District Judge Robert M. Dow in Chicago. Dooley, who pleaded guilty in December to two counts of violating speculative position limits under the Commodities Exchange Act, was also ordered to serve one year of supervised release and to pay $141 million in restitution. “I stand before you today broken, humbled, a deeply remorseful man,” Dooley told Dow in a choked voice before being sentenced yesterday. “I ask that you have mercy on me.” More on Bloomberg here.
