Here's the story:
Things got worse for Jon Corzine and MF Global when it was discovered that over a billion dollars in client money was missing. There’s still roughly $1.6 billion in client funds that have yet to be recovered.
Loading ...Basically, management under the direction of Jon Corzine and employees of MF Global used customer money that should have been segregated for “the extraordinary liquidity drains elsewhere in their business, including margin calls on the European sovereign debt positions.” Continue reading "New Poll: Do you think Jon Corzine should go to jail for MF Global's bankruptcy?"
