Tuesday, November 01, 2011

And Who Will Be Punished

Just lend me a tenner, this puppy's gonna come in...

WASHINGTON—A federal official says MF Global, the securities firm led by Jon Corzine, admitted to using clients' money as its financial troubles mounted

An MF Global executive admitted that to federal regulators in a phone call early Monday after regulators discovered money missing from clients' accounts, according to an official familiar with the conversation.