Relevant:
- PFG Is Now MFG(lobal) Part 2 As $220 Million In Segregated Client Money Has Just Vaporized!!
- 3 Months After The MF Global Bankruptcy, We Find That $1.2 Billion (Or More) In Client Money Has "Vaporized"
- Janet Tavakoli - MF Global: JPMorgan Produces "Smoking Gun"
- Peregrine Trustee Seeks to Subpoena JPM, Citi on Transfers
- Renewed Hope that Jon Corzine, President Obama's Top Tier Campaign Bundler, Will Face Criminal Charges
2012-01-31 — zerohedge.com
``Client money in segregated bank accounts was not "vaporized"; it was stolen via illegal transfers to support MF's proprietary trading positions and to repay creditors such as JP Morgan. Those transfers are and always were illegal.......even "under rules at the time". Your use of that irrelevant and misleading phrase twice only serves to deflect attention from the criminal acts committed by Corzine, Abelow, Steenkamp and Ferber'' -- Someone is shocked the WSJ is parroting a cover story?
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