New York – Investigators looking into the disappearance of customer funds during the implosion of MF Global last month are coming to the conclusion that the money is likely gone for good, sources with direct knowledge of the matter tell the FOX Business Network.
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What they don’t know is just how much money is missing.
That is likely to change as early as Friday, when bankruptcy trustee James Giddens provides an updated tally on the missing money, one of the focal points of civil and criminal investigations into the firm’s bankruptcy and a likely topic of conversation when the first of three Congressional hearings takes place this week.
The House Agriculture Committee on Thursday is scheduled to hear testimony from several witnesses, including MF Global’s former chief executive, Jon Corzine, regarding the brokerage’s demise. It was Corzine who changed MF Global’s business model from a plain-vanilla brokerage firm of commodities to a risk-taking outfit not unlike a hedge fund that ultimately led to its sudden downfall last month.
Rod Blagojevich gets 14 years for thinking about a crime and talking about it, and I’m guessing that Corzine will get off with barely a slap on the wrist for stealing more than a billion dollars.
Something is wrong.
he is a crook and will get away with it but yet they give Rubashkin 27 yrs there is something wrong with this picture