Government prosecutors' investigations of the collapse of MF Global are drawing to a close, and it's unlikely that criminal charges will be filed, Reuters reports, clearing the way for regulatory agencies to bring civil cases.
MF Global collapsed in October 2011. The commodities brokerage filed for bankruptcy and customers lost an estimated $1.6 billion.
Prosecutors met with MF Global's former CEO, Jon Corzine, recently. Edith O'Brien, MF Global's assistant treasurer, is still seeking immunity from prosecution and has yet to speak to investigators.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
