1. MF Global Missing Hundreds of Millions of Customer Money
As the investigation continued, it came to light that incorrect bookkeeping might be the cause of the missing money. ... These deals that Corzine believed would ultimately save the company proved to be its downfall. ... Interactive Brokers temporarily announced that they would save the day in a deal very similar to the course Barclays of Britain did for Lehman Brothers. ... They said that it was common for money to be temporarily missing in bankruptcy cases, but not in the magnitude of MF Global's case. An internal worker said the money was "stuck in the system" because banks did not ...
- Word Count: 812
- Approx Pages: 3
- Has Bibliography
- Grade Level: Undergraduate