MF Global Money Still Missing

0
Share

 

The money is still missing and Corzine is lawyered up.

From Reuters: While MF Global investors still have two-thirds of their money frozen. There is a $600 billion shortfall. Regulators are pouring through haphazard records looking for the money.

“…It’s clear that some cash is being held back in order to cover the missing money that regulators say MF Global may have taken from customer accounts, an unprecedented violation of one of the fundamental tenets of commodity brokers.

What has not been clear is why officials have declined to be more specific about how much money they believe should be in those accounts, regardless of what is missing…”

Share