Good one, Jon Corzine: The Wall Street Journal reports , “Nearly three months after MF Global Holdings Ltd. collapsed, officials hunting for an estimated $1.2 billion in missing customer money increasingly believe that much of it might never be recovered, according to people familiar with the investigation.” In fact, “The findings so far suggest that a ‘significant amount’ of the money could have ‘vaporized’ as a result of chaotic trading at MF Global during the week before the company’s Oct. 31 bankruptcy filing, said a person close to the investigation.” [ more › ]
Read the original here:
MF Global’s Missing $1.2 Billion May Have "Vaporized"