TOP 10 RIGHT NOW
Read it at Reuters
Former MF Global chief Jon Corzine is as puzzled as his customers about their missing money. "I simply do not know where the money is, or why the accounts have not been reconciled to date,” he told a House committee. Hundreds of millions of dollars in customer money is reportedly missing after MF Global went bankrupt following revelations that it was heavily invested in European sovereign debt. In separate testimony, an executive at futures exchange operator CME Group Inc. said MF Global moved the missing money into its own accounts, the strongest accusation yet against the company.