MF Global: Hundreds of Millions of Dollars Missing from Customer Accounts

November 1st, 2011

Via: New York Times:

Federal regulators have discovered that hundreds of millions of dollars in customer money has gone missing from MF Global in recent days, prompting an investigation into the company’s operations as it filed for bankruptcy on Monday, according to several people briefed on the matter.

The revelation of the missing money scuttled an 11th hour deal for MF Global to sell a major part of itself to a rival brokerage firm. MF Global, the powerhouse commodities brokerage run by Jon S. Corzine, had staked its survival on completing the deal.

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One Response to “MF Global: Hundreds of Millions of Dollars Missing from Customer Accounts”

  1. Arthur Borges says:
    November 4, 2011 at 4:47 am

    For latest updates on this, ZeroHedge is the website to follow for comments by stock, commodities and forex traders.

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