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  • Dismal Futures With MF Global -Global Heist

    11/22/2011 6:08:18 AM PST · by cuban leaf · 51 replies
    Myinvestorsplace.com ^ | 11/22/2011 | Kathy Cuthbert
    This was forwarded to me by a colleague…Great letter To: James W. Giddens, Trustee, SIPA Liquidation of MF Global, Inc. and Martin Glenn, United States Bankruptcy Judge From: Cathy Cuthbert RE: MF Global Heist I am a lucky, former MF Global client. Unfortunately, I’m not a multi-billionaire who got the memo. I had a modest account that was supplying me with a modest livelihood, when suddenly one Monday afternoon, my account was frozen, my livelihood was essentially gone and four years worth of trading profits vanished into cyber space. You might be interested to know that sitting on my desk...
  • MF Global Trustee Estimates Shortfall Could Be $1.2 Billion+ (double original estimates)

    11/21/2011 8:50:41 AM PST · by quesney · 56 replies
    The court-appointed trustee overseeing the liquidation of MF Global’s brokerage now estimates that the shortfall in the firm’s customer funds could be more than $1.2 billion, double previous estimates.