Investigators probe money transfers in MF Global's final days

It has just been released that investigators are probing the collapse of MF Global and are specifically scrutinizing money transfers made during the final days of the company. These investigators are specifically looking at $1.6 million of customer funds that went missing.

WALL STREET JOURNAL/NEWSCORE
February 23, 2012
NY POST

CHICAGO -- Investigators probing the collapse of MF Global Holdings Ltd. are scrutinizing two money transfers made during the securities firm's final days in an effort to uncover what happened to $1.6 billion in missing customer funds.

Federal regulators at the Commodity Futures Trading Commission and the US bankruptcy trustee for MF Global's brokerage unit are examining two separate transfers from customer accounts, including a previously undisclosed $165 million transaction, said people familiar with the matter. They said some of the investigators are poring over emails and records related to these and other money transfers.

MF Global collapsed into bankruptcy on Oct. 31, hurt by repercussions from an outsize bet its chief executive, Jon S. Corzine, made on bonds of troubled European countries.

Among those at the center of money transfers in the days leading up to the collapse was Edith O'Brien, an assistant treasurer at MF Global.

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