Friday, December 9, 2011

MF Global's Trustee Finally Found The Bogus Trades In Customer Accounts


The trustee liquidating the brokerage of MF Global Holdings Ltd. has uncovered "suspicious" trades made from customer accounts in the days before the company collapsed in late October, a lawyer told the Wall St Journal Friday morning.

A lawyer for James W. Giddens, the trustee, was answering a judge's question about whether an investigation into MF Global had shown suspicious transfers from the so-called segregated accounts that still appear to have a significant shortfall.

The lawyer said he couldn't give more details about the trades, as they're part of several federal …

http://online.wsj.com/article/SB10001424052970203413304577088332021167016.html?mod=rss_whats_news_us&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+wsj%2Fxml%2Frss%2F3_7011+%28WSJ.com%3A+What%27s+News+US%29

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