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By Patrick Clark 6/05/12 12:13pm

Bugs Munny

MFGlobal funds

MF Global Client Funds Took a Left at Albuquerque…Or Was it a Right?

No wonder they lost track of client money: The two trustees seeking to recover claims against MF Global provided some fascinating detail this week on how the failed broker-dealer shuttled funds.

Louis Freeh, the trustee unwinding the MF Global parent company under Chapter 11, said the firm moved some of its risky bets on European Read More

By Patrick Clark 6/05/12 9:27am

Morning Read

220px-Jon_Corzine

Trustee Blames Corzine, Execs for MF Global’s Misuse of Client Funds: Wall Street Roundup

Seeking redress: The bankruptcy trustee assigned to recover claims on MF Global’s U.S. brokerage unit pointed a finger at Jon S. Corzine, erstwhile CEO of the failed broker-dealer, in a 275-page report published yesterday. James Giddens, the trustee, may pursue claims of “breach of fiduciary duty and negligence” against Mr. Corzine and other Read More

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