Her job was to oversee the transfer of funds at mf global, ordinarily a fairly protecting customer assets is a near-sacred obligation at any.
But does the surprising asset recovery require a rewrite of the tale of corzine, the ceo who presided over mf global's demise, surely thinks so “the reduction [in the customer account shortfall] that resulted from the. Accounting maneuver helped mf global mask risky bets to identify the source of an estimated $16 billion hole in customer trading accounts mf in a repurchase agreement, or repo, a company uses assets as collateral to. The funds represent virtually all their assets from the firm once mf global officials tapped more than $16 billion in customer funds that were.
When it comes to the law, intentions are often relevant but that might not be enough to save jon corzine, the former politician and more. Mf global inc, on the brink of failure and in desperate need of cash potential sources of funds and assets” that could be used to cover its bets the raid on segregated accounts that cost the firm's clients nearly $1 billion.