According to a report in today’s New York Times, a criminal investigation into the collapse of the brokerage firm MF Global and disappearance of about $1 billion in customer money is in its final stages and no criminal charges are expected against any top executives, including New Jersey’s former Governor who ran the firm.
“Investigators are concluding that chaos and porous risk controls at the firm, rather than fraud, allowed the money to disappear,” says The Times.
Do you buy that? Can $1 billion get misplaced accidentally without criminal int
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