Federal investigators continue to probe the downfall of MF Global Holdings Ltd., the bankrupt financial firm run by Obama bundler Jon Corzine. The Wall Street Journal reports:
Investigators probing the collapse of MF Global Holdings Ltd. are scrutinizing two money transfers made during the securities firm's final days in an effort to uncover what happened to $1.6 billion in missing customer funds.
Federal regulators at the Commodity Futures Trading Commission and the U.S. bankruptcy trustee for MF Global's brokerage unit are examining two separate transfers from customer accounts, including a previously undisclosed $165 million transaction, said people familiar with the matter. They said some of the investigators are poring over emails and records related to these and other money transfers.
MF Global collapsed into bankruptcy on Oct. 31, hurt by repercussions from an outsize bet its chief executive, Jon S. Corzine, made on bonds of troubled European countries.
More on Corzine’s role in the firm's collapse here.