The amount of money missing from customer accounts at MF Global Holdings Ltd.'s brokerage unit could total over $1.2 billion, more than double the previous estimate, the Wall St Journal writes.
The surprise revelation by the trustee overseeing the unwinding of the securities firm formerly run by Jon S. Corzine raised the stakes in a widening regulatory and legal hunt for the missing money and the circumstances of the firm's collapse into bankruptcy three weeks ago.
The jump from the original estimate of a $600 million shortfall also cast deeper doubt about the ability of the bankruptcy trustee…
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