MF Global Collapse leaves approximately 33,000 cash or cash equivalent accounts frozen and $600 million missing
Tuesday, November 15, 2011 at 9:23 PM by Bill Baker, J.D.
Editor and Publisher, The San Bruno Beacon
MF Global, the now bankrupt securities firm led by former Goldman Sachs CEO, Democrat Governor of New Jersey John Corzine went bankrupt about 2 weeks ago. Approximately $600 million appears to be missing from customer accounts and as a result of MF Global's Chapter 11 Bankruptcy filing, about 33,000 MFS Global customer accounts are now frozen.
It would appear that Mr. Corzine is the exact type of person that the Occupy Wall Street movement is upset about. It will be interesting to see what the Occupy Wall Street folks have to say about limousine liberal John Corzine, an Obama buddy, now that: (1) MFS Global, a trading firm that races its roots back to England in 1783, has been obliterated while Corzine was CEO, (2) approximately 33,000 customer accounts worth more than $600 million may have been wiped out and (3) the entire 1,066 MFS Global workforce has been terminated.
