CNNMoney reports that
investigators probing the collapse of bankrupt brokerage MF Global said
Tuesday that they have located the $1.6 billion in customer money that had gone
missing from the firm. But just how much of those funds can be returned to the firm's
clients, and who will be held responsible for their misappropriation, remains
to be seen.
James Giddens, the trustee overseeing the liquidation of MF
Global Inc, told the Senate Banking Committee on Tuesday that his team's
analysis of how the money went missing "is substantially concluded….."
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