MF Global, the brokerage run by former New Jersey Gov. Jon Corzine (D), collapsed into bankruptcy when a potential buyer noticed that hundreds of millions of dollars of customer money couldn’t be accounted for, the Wall Street Journal reports.
“The probe is at an early stage, and it isn’t clear if the money is
missing or if the inconsistencies relate to sloppy bookkeeping.”
Said one person familiar with the situation: “They still don’t have it figured out.”Save to Favorites