$1.2 Billion Missing from MF Global Under Jon Corzine – Former US Senator, Head of Goldman Sachs, Governor of NJ

Posted on Nov 21, 2011 in Economic News

Kevin Hayden – TruthisTreason.net

Source: Washington Post via Cryptogon.com

The amount of customer funds missing from accounts at the bankrupt brokerage MF Global “may be as much as $1.2 billion or more,” the trustee overseeing the firm’s liquidation said Monday.

Hayden’s Note:

MF Global.  The Mutha’ F****** Global Collapse.

That would be roughly double previous estimates of about $600 million.

In a statement, trustee James W. Giddens said the estimate is preliminary and “may well change.”

MF Global collapsed while under the leadership of Jon S. Corzine, who was previously governor of New Jersey, a U.S. senator, and the head of Goldman Sachs. MF Global made costly bets on European government bonds.

A variety of federal and industry authorities, including the FBI, have been trying to track down money that should have been kept in customer accounts.

“At present, the Trustee believes that even if he recovers everything that is at US depositories, the apparent shortfall in what MF Global management should have segregated at U.S. depositories may be as much as $1.2 billion or more,” the trustee said in the Monday statement.

Tiny URL for this post: http://tinyurl.com/6s724f2