Tag Archive for Mf Global

Former MF Global CFO under scrutiny over conflicting statements | Reuters

(Reuters) – When Henri Steenkamp, MF Global’s chief financial officer, appeared before two congressional panels about the firm’s collapse, he said he was in the dark over how some $1.6 billion in customer funds went missing. But a report from the bankruptcy trustee filed this week paints a different picture of an executive closely involved…

Michael Crimmins: What the Press Refuses to See in JP Morgan and MF Global Scandals « naked capitalism

Two former finance and political influence gods (Jon Corzine and Jamie Dimon) have tumbled back to earth. Yet, troublingly, the mythology that’s cowed the political establishment and the financial press for so long remains very much intact. Almost without exception, mainstream commentators are still desperately trying to frame the train wrecks at MF Global and…

MF Global Trustee Says Claims May Exceed $3 Billion – NYTimes.com

The trustee overseeing the bankruptcy of MF Global estimates that creditors, including banks, big investors and service providers, could have more than $3 billion in claims against the failed brokerage. In his latest report to the bankruptcy court, the trustee, Louis J. Freeh, outlines his investigation of MF Global, which collapsed in October after misusing…