Investigation into Missing Money at MF Global Continues

As investigators are working to learn how MF Global Holdings collapsed into bankruptcy last October 31, they are learning how funds were transferred about during the firm’s final days. First there is the question of 200-million dollars that were transferred from an MF Global Holdings Limited account containing customer funds, just three days before the securities firm collapsed. Then there was the transfer of 175-dollars that came from the firm’s own money, to replenish an overdrawn account at JPMorgan Chase in London.

Here is what we know about the money. MF Global employees in Chicago had first transferred 200-million from a customer account to the firm’s house account. Once it was in the firm’s coffers, Chicago employees then promptly transferred 175-million of the money to the MF Global account at JPMorgan in London. That account was overdrawn.

And there are questions as to what MF Global’s former chief executive, Jon Corzine, knew and when he knew it. The investigation in to the estimated 1.6-billion dollar shortfall in customer funds at MF Global continues. is dedicated to serving the agricultural industry in the Carolinas and Virginia with the latest ag news, exclusive regional weather station readings, and key crop market information. The website is a companion of the Southern Farm Network, provider of daily agricultural radio programming to the Carolinas since 1974. presents radio programs, interviews and news relevant to crop and livestock production and research throughout the mid-Atlantic agricultural community.