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"The Honorable" Jon Corzine To Tesify On Thursday Over MF Global Collapse

ghost, aka former Goldman and MF Global (and let's not forget New Jersey) CEO "The Honorable" Jon ... Agirculture Committee hearing examining the MF Global bankruptcy. In what could be the most popular televized ... Full Committee Examination of MF Global bankruptcy ...

Story - Tyler Durden - 12/06/2011 - 14:58 - 137 comments - 0 attachments

"Every Former MF Global Account Faces A Margin Call" - Non-CME MF Global Transfers Get The Monday Blues

If you are a former MF Global account and you have your account transferred over to RJ O'Brien, ... liquidations. To wit : "Former MF Global customers transferred to R.J. O’Brien were delivered with ... MF Global account faces a margin call. No excess equity was transferred ." Naturally the next ...

Story - Tyler Durden - 11/07/2011 - 01:15 - 151 comments - 0 attachments

"The Entire System Has Been Utterly Destroyed By The MF Global Collapse" - Presenting The First MF Global Casualty

States. The entire system has been utterly destroyed by the MF Global collapse. Given this sad reality, ... and uber-technical jargon. Jon Corzine STOLE the customer cash at MF Global. Knowing Jon Corzine, ... what is now a massive game of Russian Roulette. I have learned over the last week that MF Global ...

Story - Tyler Durden - 11/17/2011 - 15:19 - 714 comments - 0 attachments

Egan-Jones On The MF Global Endgame: "The Majors Will Pick Off MF Key Employees And Clients Will Flee"

A short, sweet and spot on summary of what is most likely going to happen to MF Global courtesy ... corporate world at MF global. This man is obviously presidential materal! why would anyone want to ... have at MF Global (Lind-Waldock).  Any recommendations on where I should move them? Charles ...

Story - Tyler Durden - 10/28/2011 - 13:02 - 29 comments - 0 attachments

Here Comes The Politicization Of MF Global: Former Goldmanite Gensler Says MF Failure Example Of "Freedom To Fail"

criminal enterprise, MF Global, run by another former Goldmanite, Jon Corzine, and claiming this was ... between $700 million and $1.5 billion. Money that was stolen, and had MF global been bailed out, you, ... bankrupt brokerage firm MF Global said Thursday that the search continues for more than $630 million in ...

Story - Tyler Durden - 11/03/2011 - 12:33 - 97 comments - 0 attachments

Watch Jon Corzine's Follow Up Testimony On The MF Global Bankruptcy, Accompanied By MF's CFO And COO

Update: the three MF Global stoog... pardon, former executives, are now testifying ... MF Global CEO Jon Corzine to the Senate Agriculture Committee starting momentarily will be replete ... will be even worse because today he will be joined by MF global's CFO and COO as well, all of whom will ...

Story - Tyler Durden - 12/13/2011 - 11:15 - 311 comments - 0 attachments

"A Week Later They’re Dead" - FOMC Transcripts Reveal How The Fed Watched MF Global Collapse

transcript - what we found most interesting was the Fed's real-time analysis and "hot takes" of the MF Global ... "hubris" of its principals. The first mention of MF Global in the November 1-2 meeting, or just days ... follows: As you know, MF Global experienced a rapid deterioration that led the ...

Story - Tyler Durden - 01/12/2017 - 14:46 - 31 comments - 0 attachments

Jon Corzine Settles Over MF Global Collapse: Agrees To Lifetime Ban, $5 Million Fine

Association refused to ban former MF Global chief Jon Corzine from trading with other people’s money, ... governor's brokerage, MF Global Holdings. More importantly, under the settlement disclosed on Thursday, ... said in a statement. "As the CEO of MF Global in 2011, I have accepted responsibility for its failure, ...

Story - Tyler Durden - 01/05/2017 - 15:15 - 156 comments - 0 attachments

As Day In Court Looms, Corzine Tries To Settle MF Global Fraud For Just $5 Million

Five years after MF Global's collapse after big, levered bets on European bonds blew up leaving a ... executive at MF Global, the people said. The terms may still shift ahead of a final deal, several people ... between former MF Global executives, including Mr. Corzine, and the firm’s customers earlier this month, ...

Story - Tyler Durden - 10/06/2016 - 19:50 - 132 comments - 0 attachments

MF Global 5 Years Later: PWC Set To Take The Fall As Corzine Still Untouched

at MF Global .  By the time the dust settled there was $1.6BN of cash "missing" from customer ... CEO seat, MF Global filed for bankruptcy protection on October 31, 2011 in the Southern District of ... malpractice suit filed by MF Global against the accounting firm saying that the administrator had "presented ...

Story - Tyler Durden - 08/06/2016 - 18:19 - 53 comments - 0 attachments

MF Global Trustee Says Commingling Shortfall May Be Double Previous Estimate, Could Reach "$1.2 Billion Or More"

The day after MF Global filed, we calculated that contrary to widely accepted media expectations that the client theft at MF Global was limited to "only" $600 million, the true client loss (and thus, MF Global executive felony) was in fact up to $1.5 billion. Sure enough, three weeks in the ...

Story - Tyler Durden - 11/21/2011 - 12:29 - 185 comments - 0 attachments

Someone Is Going To Jail For This: MF Global Caught Stealing Hundreds Of Millions From Customers?

Say you are the head back office guy at MF Global, it is the close of trading on Thursday, the ... is trumpeting every 5 minutes that "MF Global is fine", knowing full well you will be immediately ... client funds with the firm's cash. It turns out that at MF Global you do the latter... over and over... ...

Story - Tyler Durden - 10/31/2011 - 21:06 - 521 comments - 0 attachments

MF Global Client Theft Estimate Doubled To $1.5 Billion?

to dig itself an ever deeper grave. Because according to a just filed motion by the MF Global ... MF Global was not stealing hunderds of millions form its customers: it has stolen a whopping $1.5 ... zero earlier today.  MF Global had a $633 million shortfall in its ...

Story - Tyler Durden - 11/02/2011 - 16:12 - 343 comments - 0 attachments

You Can't Make This Up: MF Global Sues PWC, Blames It For Its Collapse

File this one in the "you can't make it up" category. Over two years after the MF Global ... the bankruptcy process managed to "liberate" funds from other part of the company, MF Global has ... are the accountants . No really: yesterday MF Global Holdings sued PricewaterhouseCoopers LLP ...

Story - Tyler Durden - 03/29/2014 - 09:45 - 171 comments - 0 attachments

MF Global Admits Liability; Will Pay $1.2Bn Restitution & $100MM Penalty

The CFTC has won a consent order against MF Global requiring it to pay $1.212 billion in restitution to customers and a further $100 million civil penalty: *MF GLOBAL TO PAY $1.2 BLN ... *CFTC: LITIGATION CONTINUES VS CORZINE,O'BRIEN,MF GLOBAL HOLDINGS *CFTC: MF GLOBAL ADMITS TO ...

Story - Tyler Durden - 11/18/2013 - 13:06 - 63 comments - 0 attachments

Guest Post: Are the Clients of MF Global Insured Against Fraud?

Submitted by FMX Connect Are the Clients of MF Global Insured Against Fraud? A question has been raised as to if the clients of MF Global are insured on their losses as a client ... regulatory insurance agency to cover the losses of MF Global clients, the CME itself has a guarantee fund for ...

Story - Tyler Durden - 11/01/2011 - 12:41 - 71 comments - 0 attachments

Euro Gold Outperforming Bunds and Euro Assets / Celente’s MF Global Gold Account ‘Looted’

From Gold Core Euro Gold Outperforming Bunds and Euro Assets / Celente’s MF Global ... occurred at MF Global, deepening the criticism facing the fallen futures brokerage. As customers ... profile victims of MF Global’s fraud is economist and trends forecaster Gerard Celente. Celente became ...

Story - Tyler Durden - 11/16/2011 - 08:52 - 125 comments - 0 attachments

Full MF Global Bankruptcy Petition... In Which We Find That Corzine's Bankrupt Firm Owes CNBC $845,397?

confident CNBC will provide a far more rational explanation why it is owed nearly $1 million by MF Global ... $845,397, is... MF Global Typo? You mean the 7th largest is CNBC right? Hmm... another reason ... 'em Danno Looks like MF Global is going Looks like MF Global is going to be another ...

Story - Tyler Durden - 10/31/2011 - 10:43 - 131 comments - 0 attachments

Apparently This MF Global "Clusterfuck" Does Not Deserve Criminal Charges

MFG's assistant treasurer, and some MF Global employee, not considered crime-worthy by Eric Holder? Or ... jail for lying to Congress under oath? From the MF Global Civil, not Criminal, Complaint ... Global’s proprietary operating account at BONY to a customer segregated account that MF Global maintained ...

Story - Tyler Durden - 06/27/2013 - 15:07 - 184 comments - 0 attachments

MF Global Trustee Speaks: It Was All Corzine's Fault

investigation, based on interviews with former MF Global employees, board members and the review of hundreds of ... Corzine's aggressive bets on European sovereign debt while head of the MF Global Holdings Ltd brokerage led ...   ...   Freeh's report found MF Global management ignored the hedging recommendations ...

Story - Tyler Durden - 04/04/2013 - 14:03 - 194 comments - 0 attachments