Investigators have decided that it was sloppy bookkeeping rather than criminal activity that caused MF Global to illegally misuse and then lose more than a $1 billion of customer funds.


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The fix is in: Investigators have decided that it was sloppy bookkeeping rather than criminal activity that caused MF Global to illegally misuse and then lose more than a $1 billion of customer funds.

Regulators and law enforcement officials have spoken to numerous former employees of MF Global since the firm’s demise and continue to review the hundreds of documents before they make their final conclusion. But one employee who hasn’t been interviewed by the criminal investigators is [former Democratic Governor and Senator Jon] Corzine. People close to the probe say they won’t likely depose him unless a criminal probe appears more likely.

How convenient. The man in charge, Corzine, who was also the “go-to” guy for the Obama administration on economic matters, is somehow not questioned.

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