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New York - FBI Joins Investigation Into Corzine Firm

Published on: November 1, 2011 05:17 PM
By: Reuters
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A view of a sign for the financial firm MF Global at one of the company's offices in New York, New York, USA, on 01 November 2011. MF Global Holdings Ltd, a broker-dealer firm, and its finance unit, MF Global Finance USA, on 31 October filed for reorganization under US bankruptcy law after losing its bets on European sovereign debt. The MF Global Holdings bankruptcy is the first large victim on Wall Street of the roiling euro debt crisis. In Europe earlier in October, the  Belgian-Franco-Luxembourg bank Dexia sought rescue by the Belgian government, pending final clearance from European Union antitrust regulators.  EPA/JUSTIN LANENew York - The Federal Bureau of Investigation plans to examine MF Global Holdings Ltd amid concerns about missing client funds at the futures brokerage, the Wall Street Journal said Tuesday, citing a person familiar with the matter.

The FBI will examine whether money is missing, the person told the Journal, and whether any criminal laws were broken.

That decision is a preliminary step, the person said, but could lead to a criminal investigation.


On Monday securities regulators said the company reported possible “deficiencies” in customer futures segregated accounts.

MF Global, which filed for bankruptcy protection on Monday, is the biggest U.S. casualty of Europe’s debt crisis, and the seventh-largest bankruptcy by assets in U.S. history.

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