27 April 2012

$1.6 Billion in Missing MF Global Funds Traced

@CNNMoney April 24, 2012: 6:49 PM ET

NEW YORK (CNNMoney) -- Investigators probing the collapse of bankrupt brokerage MF Global said Tuesday that they have located the $1.6 billion in customer money that had gone missing from the firm.

But just how much of those funds can be returned to the firm's clients, and who will be held responsible for their misappropriation, remains to be seen.

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