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MF Global Probe Begins: Firm's Offices "Secured"
The MF Global probe begins. Here are the broad scope details from Bloomberg
- Trustee liquidating MF Global brokerage has started a probe into the company’s failure after getting a judge’s go-ahead. To protect books and records, forensic accountants are “securing” offices in NYC, Chicago, trustee James Giddens said in a statement today.
- "Significant’’ numbers of brokerage accounts being transferred
- Individual accounts will probably be transferred next week
- Giddens, team will work weekend on bulk transfers
As readers will recall, it was only 2 years after the Lehman filing, did Anton Valukas discover such critical mainstays of modern banking fraud as Repo 105. Alas, we do not hold much hope here, at least in the beginning, and certainly not before the FBI is involved.
We will bring you more as soon as we see the filing hit the MF docket.
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BTFD.
They undoubtedly shredded anything of value weeks ago.
I just saw Sandy Berger leave the building with something bulging in his underwear!
"They undoubtedly shredded anything of value weeks ago."
And just in case they missed something, Eric Holder will clean the joint.
Yeah, what a joke. It took all week for someone to remember to lock the door. And the place is empty -- nobody could have seen that coming.
Will this interfere with the end of Friday trading deadline to transfer accounts or have them liquidated?
arent they a week late
even the snails have left the barn
Has anyone seen the Biggest POS on planet EarthTM (Jon Corzine) lately?
They had to wait for Jon to resign.
they are investigating the "glitch"
they are at least a month late.
Bevis: he said "probe" ...
Careful with that. Bloombergs probe has a broad scope.
yeah that caught my attention too. But this isn't just any old probe. This is a GLOBAL PROBE.
something tells me this is gonna hurt.
If John Corzine doesn't get prosecuted or do any time will it then be ok to begin the violent protests? Sad to say, but I don't see the peaceful ones accomplishing much and I'm ready to see someone hang.
Why do they need so many paper shredders for an investigation?
and gray sticks of butter too ?
They need the shredders because if the SEC finds no wrongdoing, they shred the evidence.
I hope they asked Investment Brokers to retain all information also.
These guys deserve a big THANK YOU and bonuses.
The FBI. The Fraudulent Bureau of Illegality.
Yeah, the FBI will help. In fact, I can almost hear the faint shredding of paper here at my desk, even before the FBI arrives on the scene.
"Evidence? What evidence? Uhh - our dog ate it?"
Well according to Emmy winning Carl Quintanilla at CNBS, the MFCEO J Corzine "drives a Mitsubishi, like the 99%"; so there. Everything is fine. Feel good if you have a frozen account there that was looted.
You mean the car he keeps on his yacht?
No, the one he drives to the refrigerator.
now they secure it.
L0L!!!
stat, BiCheZ!
IDK, James Giddens seems like a nice enough guy. Give him a chance.
https://plus.google.com/113047969569048098538#113047969569048098538/posts
Criminals securing the crime scene... Expect a "cleaner"
Mr. Wolf...same team at Solyndra hq?
http://www.youtube.com/watch?v=ANPsHKpti48
"so pretty please, with sugar on top, clean the fuckin' car".
Harvey likes that role.
"I'm Victor. I'm the cleaner."
http://www.youtube.com/watch?v=pf-Amvro2SY
Anyone else thinking that they are going to spin this as a lack of regulation?
A billion dollar company declares bankruptcy amid scandal on Sunday night and the Gov't secures the offices on Monday, no ,I mean Friday.
I would hate to be one of the auditor who conduct the entity's last regulatory audit.
New job - check
Name change - check
Scapegoat - ah, dammit.
But Jon Corzine was such a Good Democrat! And he raised all that money for Obama! How could things have possibly gone wrong?
somehow, this has gotta be Bush's fault. 'Cuz everyone knows how inherently honest and trustworthy the Democrats are!
If only Solyndra hadn't been noticed. Loot MF to hide the Solyndra fraud. When this money "shows up" where will it be stolen from? My guess is Bernanke uses a little extra ink this weekend and somebody finds it in a alley.
Corzine is part of the "club" and will therefore never do any time.
The money "lost" is in a "custodian account" at JPM....
so what does this mean ????
The money is 'lost', but its being held by JP Morgan? Certainly nothing suspicious going on around here, looks squeaky clean!
read: Hard drives are in the janitor's bucket
Here let me help you out with your probe...It will only take you a minute to understand what happened to MF Global if you care to read. Jon Corzine was put in MF Global to do exactly what he did...Bankrupt the company so the squid could slowly move in and pick up the scraps and steal anything that was left of value. Jon Corzine was given orders from the Global Syndicate to take one for the team, ya know his old buddies? and was promised immunity for his efforts. Just like the rest of the Ex-Goldman brigade, he was put in there to do a specific job and he accomplished it well. Kinda reminds me of Skank Paulson trying to explain why everybody was entitled to a bailout except Lehman? Yup just another one scratched off the list and for his efforts he will probably get promoted to Tres Sec once they are done with Timmay. It all happens for a reason and the plan has been in place for a long time. Just remember that sucking sound just get louder and louder and the trail is becoming easier and easier to follow....
http://www.youtube.com/watch?v=MA-eWdHdiRA
Anyone know if John Corzine is still in the country? Or has he made his Hyman Roth escape back to Tel Aviv yet?
He's under democratic protection in one of the White House's Presidential Suites?
I'm sure Goldman knows every single counter bet to profit from the unwind. just like Corzie did for LTCM in the day....
As long as REPUBLICANS can FILIBUSTER the SENATE or HOLD THE HOUSE, you will never repair and prevent and clean up FRAUD 'N WALLSTREET...
Get real.
Only the DEMS... with great pushing by the public...
and ZERO HEDGE COMMUNITY...
can ever ever ever make WALLSTREET SAFE AGAIN.
Only the DEMS HAVE THE BALLS to do so.
Well, if by that you mean put the guys in charge of cleaning up the guys that know where to look to do that because they've been doing it, then I guess you have a point. Didn't the SEC use old Joe Kennedy as a go to guy to come up with regulations back in the day since he had tried them all?
The DEMS are too busy ripping everybody off.
Corzine, Madoff, and Blankfein are all Democrats.
Offices secured after a week. If memory serves, Clinton representatives were rifling the safe in Vince Foster's office before his body had cooled to room temperature.
Yeah well - pretty much the same team has been rifling the hard drives at MF for a week, creating a nice storyline for the midget porn addicts.
http://www.google.com/imgres?imgurl=http://1.bp.blogspot.com/-9fkT2uNYdy...
Ah, for the good old days
So what actually happened. Did people log into their accounts and see balances go to $0.00? Or do the people who have been siphoned off don't even know yet?
We need to put a tail on JC and take note of the company he will be keeping in the near future so we can know who to watch out for in the future. How do these bastards keep their health? I'd be on two different anti-anxietys and another two tranks.
No need. Right now Rothschild is patting him on the head and saying "good doggie".