1. MF Global Missing Hundreds of Millions of Customer Money
... on October 31st after federal regulators discovered that hundreds of millions of dollars in customers' money was missing from the company's 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 ... the investigation continued, it came to light that incorrect bookkeeping might be the cause of the missing money. Originally, federal investigators believed that $950 million was missing from th...
- Word Count: 812
- Approx Pages: 3
- Has Bibliography
- Grade Level: Undergraduate