Wednesday, April 7, 2010 as of 11:14 AM ET
MF Global (), formerly known as Man Financial, was a major global financial derivatives broker. MF Global provided exchange-traded derivatives, such as futures and options as well as over-the-counter products such as contracts for difference (CFDs), foreign exchange and spread betting.
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It took a while, but investigators say they've tracked down the $1.
6 billion in customer funds that disappeared from MF Global following the firm's collapse. Getting it back is another matter. James Giddens, the trustee overseeing the firm once led by former New Jersey Gov. Jon Corzine, testified Tuesday that "our analysis of what happened and where the money went I think has substantially concluded." Giddens explained that "something like $105 billion" went out of the firm in the final days before MF Global filed for bankruptcy last year. Much of that, he said, was just customers demanding their assets be transferred out of the company -- but the firm was scrambling, moving around cash, and "with so much happening in the last week and so many volumes of transactions, that's ... what accounts for the mistakes." Giddens added: "We can trace where the cash and securities in the firm went and that we've done." Going forward, though, Giddens said the "more complex phase" is to retrieve as ...
Millions in customer funds transferred to cover overdraft
A top former MF Global executive declined to testify Wednesday during a House hearing on whether she approved or had knowledge that CEO Jon Corzine approved a transf...
Peter Johnson, Jr. weighs in
Former CEO testifies at congressional hearing on failed investment firm
Investigators probing the disappearance of $1.2 billion in customer funds invested with the now-bankrupt brokerage and commodities firm MF Global Holdings, Ltd. have...
It was a humiliating moment, but Jon Corzine was determined to put the best face on it. On Oct. 25 of last year -- six days before the stunning collapse of MF Global...
The former chief risk officer of MF Global says he warned then-CEO Jon Corzine in late 2010 of the risks in large bets on European government debt. Those bets sank t...
Questioned by senators he once served with, Jon Corzine told a panel Tuesday that he never told anyone to "misuse" customer money that vanished when MF Global collap...
President Obama's re-election campaign and the Democratic National Committee have returned more than $70,000 in contributions from former New Jersey Gov. Jon Corzine...
Investigators probing the collapse of MF Global Holdings Ltd. are scrutinizing two money transfers made during the securities firm's final days in an effort to uncov...
Hearing on missing funds
Former CEO questioned on Capitol Hill
All-Star panel weighs in on presidential race
Are political ties hindering any progress in the MF Global investigation?
Former New Jersey senator and governor Jon Corzine insisted Thursday that he has no idea what happened to an estimated $1.2 billion in missing client funds from fail...
MF Global, the securities firm led by Jon Corzine, admitted using clients' money as its financial troubles mounted, a federal official says.An MF Global executive ad...
A Senate panel has voted to subpoena former Sen. Jon Corzine to testify about his role leading MF Global . The trading firm filed for bankruptcy this fall after a di...
NEW YORK -- The 1,066 employees terminated from the bankrupt trading house MF Global were left without severance and benefits and on Saturday they blamed only one ma...
A former MF Global executive is contradicting testimony from Jon Corzine , saying the former senator ordered the transfer of $200 million last fall out of a customer...
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