Tuesday, November 01, 2011

MF Global Acknowledged Diverting Customer Funds - WSJ.com

MF Global Acknowledged Diverting Customer Funds - WSJ.com

Yikes...this keeps getting worse:


From the Wall Street Journal:

MF Global Holdings Ltd. admitted to federal regulators that money had been diverted out of customer accounts, according to a federal official who said the move violated the law....Regulators still don't know where the customer funds went, who directed the move or how widespread the practice was, the official said"

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