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Monday, November 14, 2011

Hunt Intensifies For Missing $600 Million

It's a particularly excruciating game of Whack-a-Mole for clients of bankrupt brokerage MF Global. Regulators including the Commodity Futures Trading Commission, the Securities and Exchange Commission and even the FBI are said to be on the hunt for $600 million in missing customer cash from the firm, which was headed by former Goldman Sachs CEO and New Jersey Gov. Jon Corzine.

Until the missing money materializes, everyone's accounts are frozen, and at least one former regulatory professional has expressed suspicion that something untoward transpired.

1 comment:

Anonymous said...

Now lets see - just where did I put that $600 Million. I know I had it right here a little while ago. Must be around here somewhere.
Let's check the refrigerator or perhaps the secret drawer in the cabinet. Not here - where in the world can it be?