1. MF Global Missing Hundreds of Millions of Customer Money
... vaults. In a last ditch effort to redeem themselves, MF Global, headed by Jon S. Corzine, the former New Jersey governor, attempted to seek an agreement to sell a majority share of the company to a rival brokerage firm. Unfortunately for the company, the deal fell through, and they were forced to file for bankruptcy instead. An immediate investigation ensued to discover whether ... industry that when you're holding your customers' funds in their names, you don't touch them - even in an emergency situation when you're running short of cash," said Darrel Duffie, a Stanford University Gradua...
- Word Count: 812
- Approx Pages: 3
- Has Bibliography
- Grade Level: Undergraduate