Almost four months after the bankruptcy of futures giant MF Global, clients still haven’t been made whole and still haven’t been told what happened to $1.6 billion of their money. Nor has anyone been charged with civil or criminal offenses. But a Journal report casts new doubt on the Congressional testimony of former CEO Jon Corzine. Beyond doubt is that Mr. Corzine’s reckless gambles on European government bonds destroyed the company. The question is what role Mr. Corzine or others played in the potentially illegal use of client funds to try to save the firm. Read Wall Street Journal report here.
