Relevant:
- Janet Tavakoli - MF Global: JPMorgan Produces "Smoking Gun"
- Corzine Gave 'Direct Instructions' To Transfer $200 Million From Customers to JP Morgan London
- MF Global's Corzine Ordered Funds Transferred, Memo Says
- In PFG Scandal, JPMorgan Chase Had Surprising Role: It Held Customer Accounts
- Renewed Hope that Jon Corzine, President Obama's Top Tier Campaign Bundler, Will Face Criminal Charges
2012-03-26 — nytimes.com
But the e-mail, a copy of which was reviewed by The New York Times, did not capture the full story behind the wire, which turned out to contain customer money. MF Global employees in Chicago had first transferred $200 million from a customer account to the firm's house account, people briefed on the matter said. Once it was in the firm's coffers, the people said, Chicago employees then promptly transferred $175 million of the money to the MF Global account at JPMorgan in London -- the account that was overdrawn.
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
