29
December
MF Global Scrutinized on Money Move
Here is the link to the story or you can read it below: http://dealbook.nytimes.com/2011/12/28/mf-global-scrutinized-on-moving-of-money/
Federal authorities investigating the demise of MF Global think that the firm began improperly moving customer money to a middleman on Oct. 27, according to people briefed on the matter.
The transfers, which indicate the brokerage firm misused client money earlier than previously believed, represent a new line of inquiry in the hunt for more than $1 billion in missing money.
In MF Global’s last days, the brokerage house was frantically winding down trades to shore up its balance