agricultural futures News

Prosecutor: CEO in Iowa Fraud Case Admits to Fraud

The founder of an Iowa brokerage has signed a plea agreement with federal prosecutors in which he admits to carrying out a $200 million fraud and embezzlement scheme that bankrupted his company and could result in him spending the rest …

Insurance Fund Would Aid Farmers, Ranchers Still Owed $100M by MF Global

U.S. farmers and ranchers who had accounts with failed broker MF Global have got back the bulk of their money but are still owed about $100 million, the Chicago Mercantile Exchange indicated on Thursday after announcing a fund to help …