Is it just a coincidence that Goldman Sacks and JP Morgan seem to be involved in every financial fraud, swindle, and crime that has taken place over the last decade?
04 January 2012
MF Global Sold Assets to Goldman Days Before Bankruptcy While It Was Looting Customer Accounts
That revolving line of credit at JPM of $1.2 Billion that MF Global drew down is about the size of the missing customer funds.
I wonder if JPM withheld payment on the sale of Goldman assets, and took customer assets as collateral for its debts.
These are offenses. But it becomes even worse if JPM afterwards sought to cover this up and withhold the stolen funds.
Nasty business indeed.
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