MF Investigators Continue Search for Dollars
Investigators are focusing their attention on two money transfers as they look for 1.6-billion dollars in missing customer funds, following the October 31, 2011 collapse of MF Global Holdings Limited. Those transfers happened during the firm’s final days. Many customers, including farmers, ranchers and farm investors, have not been fully reimbursed for hundreds of millions of dollars that were frozen in their accounts as a result of the firm’s bankruptcy.
Also, MF customers have not yet received tax forms that detail their profits and losses, preventing them from preparing accurate returns for the Internal Revenue Service ahead of a rapidly approaching tax payment deadline.