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MF Global Customers To Be Fully Paid Back

wochit business
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April 03, 2014 AT 8:09 AM
The trustee overseeing the bankruptcy of MF Global says its customers are going to get paid back 100 percent of what they are owed by the boutique brokerage. MF Global, which was led by former New Jersey Gov. Jon Corzine, collapsed in 2011 after a disastrous bet on European countries' debt. When it fell, customer money was discovered to be missing and was later found to have been used to support the firm's trading operations.