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Mf Global

Eric Holder, Inspired By Michael Brown and James Woods, Issues Criminal Indictment

Janet Tavakoli | Posted 11.10.2014 | Business
Janet Tavakoli

How can it be that when $1.6 billion of customer money goes missing from a commodities trading house -- and is only recovered years later, after farmers and businesses have been irreparably harmed -- no one is indicted? Mountains of evidence have been ignored.

Wasendorf Will Get the Attention He So Desperately Craved

Daniel P. Collins | Posted 08.13.2014 | Chicago
Daniel P. Collins

On a slow midsummer news day two years ago an industry friend had called me up and asked if I heard the news about Russ Wasendorf Sr., head of Peregri...

Jon Corzine's Crash and Burn of MF Global: Book Review of The Money Noose by Scott E.D. Skyrm

James Grundvig | Posted 11.05.2013 | Home
James Grundvig

The long arm of the law has been the slow arm of the law in dealing with the collapse of MF Global, among other Wall Street firms that critics and the Occupy movement blamed for the economic meltdown in 2008.

Why Corzine Must Be Held Accountable

Daniel P. Collins | Posted 09.28.2013 | Politics
Daniel P. Collins

When individuals are not held accountable for misdeeds, problems created from those misdeeds are associated with the underlying structure. And in this case, the underlying structure -- the regulated futures market -- has proven itself over the years.

Mark Gongloff

No Criminal Charges In Case Against Major Wall Street Firm | Mark Gongloff | Posted 06.29.2013 | Business

The collapse of Jon Corzine's brokerage firm MF Global has all the traits of your standard Wall Street scandal: Stupid things being admitted in panick...


Reuters | Posted 06.27.2013 | Business

WASHINGTON (Reuters) - Regulators on Thursday settled charges against MF Global over the futures brokerage's collapse, and also charged former Chief E...

Big Businesses Offer Revolving Door Rewards

Project On Government Oversight | Posted 05.21.2013 | Politics
Project On Government Oversight

During former Citigroup executive Jack Lew's recent confirmation as Treasury Secretary, some people were troubled to learn that the big bank had promised him special financial awards if he left to take a job in the government. But a review by POGO shows that Lew's deal with Citi was no anomaly.

Eleazar David Melendez

Jon Corzine Avoids Lifetime Trading Ban | Eleazar David Melendez | Posted 02.21.2013 | Business

NEW YORK -- A private market regulator refused to ban former MF Global chief Jon Corzine from trading with other people’s money Thursday, rejecting ...

Eleazar David Melendez

Trade Group To Consider Banning Jon Corzine From Trading | Eleazar David Melendez | Posted 02.20.2013 | Business

A private regulatory body will consider on Wednesday whether it should ban former New Jersey Gov. Jon Corzine from putting other's people money at ris...

MF Global's Customers Catch A Break After Terrible Year

Reuters | Posted 04.02.2013 | Business

* Settlement resolves intercompany claims between MF Global entities * Former customers to receive another $500 mln-$600 mln in payba...

MF Global Investigation: It Was Jon Corzine's Fault!

Reuters | Posted 01.14.2013 | Business

WASHINGTON, Nov 14 (Reuters) - MF Global's collapse and the loss of an estimated $1.6 billion in customer money was triggered by former CEO Jon Corz...

Looks Like No One Wil Face Criminal Charges For MF Global Meltdown

Reuters | Posted 11.12.2012 | Business

* Prosecutors met with former CEO Jon Corzine-sources * Criminal case still appears unlikely * Move paves way for civil ...

Surprise: Wall Street Blow Up May End Without Criminal Charges

The Huffington Post | Jillian Berman | Posted 08.16.2012 | Business

You may be wondering why 7.5 things felt a little different this week. HuffPostBIz's financial news guru Mark Gongloff is off enjoying some rest and r...

What Jonah Lehrer Has in Common with the Financial Services Sector

Jon Stein | Posted 10.02.2012 | Business
Jon Stein

As a society, we rarely celebrate simple competence and the ability to deliver. Instead, we demand superstars. This non-stop need to do better and better is what unifies Lehrer with Wall Street miscreants.

Crime and Mayhem in the USA

Janet Tavakoli | Posted 10.01.2012 | Business
Janet Tavakoli

Despite widespread crime of various types across all classes of society, most Americans polled were comfortable trusting their own "moral compass." Let's see how we did with that in July.

Hoorah! MF Global Customers Will Get All Their Money Back

Reuters | Posted 10.01.2012 | Business

* MF Global trustee gives hope to customers who lost money * Freeh to testify before Senate Agriculture Committee By Jon...

Disgraced Firm Has Long History With The Feds

Bloomberg View | Jonathan Weil | Posted 07.28.2012 | Business

Bloomberg View There's an old saying in journalism that there are no new stories, only new reporters. The revelation that U.S. Attorney General Eri...

Joe Nocera: Another Week, Another Banking Scandal

The New York Times | JOE NOCERA | Posted 07.21.2012 | Business

Is it my imagination, or does every week bring news of another financial scandal? No, it’s not my imagination. First up: Peregrine Financial Grou...

D.M. Levine

Crisis in Commodities | D.M. Levine | Posted 07.20.2012 | Business

First, there was a banking crisis. Now, after the collapse of Peregrine Financial Group, commodities markets may be on the brink of their own emergenc...

D.M. Levine

Former PFG Employee 'Was Waiting For Something Like That To Happen' | D.M. Levine | Posted 07.16.2012 | Business

When Leon Bressert first heard that his former employer, Peregrine Financial Group, had collapsed amid fraud allegations, he was not surprised. “I w...

Casper the Friendly Ghost Can't Control Wall Street

Leo W. Gerard | Posted 09.15.2012 | Business
Leo W. Gerard

Casper's airy little fist packed no wallop when it came to impeding high-risk betting on Wall Street, the LIBOR lending rate manipulation or the disappearance of client money at MFGlobal. There's a much better way than Casper to catch a bankster: pay them to turn each other in.

Feds Approve New Rules In Wake Of MF Global, Peregrine Scandals

Reuters | Posted 09.12.2012 | Business

* "Corzine rule" requires top execs to approve withdrawals * Brokers must notify regulators before large withdrawals * M...

Approved: Million In Fees For MF Global Trustee

Reuters | Posted 09.10.2012 | Business

* Fees approved for trustee James Giddens * Fees cover period of Oct. 31 to Feb. 29 By Nick Brown July 11...

Mark Gongloff

Collapsed Brokerage Firm Breaks Irony Meter | Mark Gongloff | Posted 07.10.2012 | Business

Are you getting collapsed brokerage firm PFGBest confused with collapsed brokerage firm MF Global? It's understandable! They're both commodity brokera...

Mark Gongloff

JPMorgan's Latest Headache: More Missing Money | Mark Gongloff | Posted 07.12.2012 | Business

The unfolding PFGBest debacle looks like the MF Global debacle in a lot of ways, including missing customer funds held in a JPMorgan Chase account. ...