Trustee: MF Global Clients to Be Fully Repaid
Thursday, April 3, 2014 9:10 pm |
< 1 Minute Read
The trustee overseeing the bankruptcy of MF Global said that, starting Friday, its customers are going to be fully repaid what they are owed by the boutique brokerage that collapsed in 2011, after a bet on European debt caused a $6.7 billion loss, The Associated Press reported. When the firm led by former New Jersey Gov. Jon Corzine fell, customer money was discovered to have been used for trading operations.
This article appeared in print on page 5 of edition of Hamodia.
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