During two days of recent congressional hearings into how as much as $1.2 billion disappeared from
MF Global customer accounts, the chief operating officer of the imploding investment firm responded again and again that he did not know.
Yet as the
House and
Senate interrogated
Bradley I. Abelow and other top executives at
MF Global Holdings Ltd., lawmakers did not mention
Mr. Abelow’s role as a financial adviser for the
Environmental Protection Agency, which as of Tuesday listed him as the chairman of its financial advisory board.
During his testimony to the
House,
Mr. Abelow said his total compensation at
MF Global was a guaranteed $3 million. He joined the firm in September 2010 as chief operating officer, then was named president in March.
At appearances before
House and
Senate committees,
Mr. Abelow expressed sorrow for the company’s more than 2,500 employees who are facing unemployment and investors who have been unable to recoup their funds.
“As the president and chief operating officer of MF Global, I am deeply sorry for the hardship they have all endured,”
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