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MF Global – $600 million missing

A government regulator said in court Wednesday that roughly $600 million is missing from the books of bankrupt brokerage MF Global. “MF Global has discovered a shortfall of segregated accounts of around $600 million,” a lawyer with the Commodity Futures Trading Commission said, adding that this is a preliminary figure that could increase. The FBI […]

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MF Global bonds trade lower

A batch of MF Global bonds traded at about 48 cents on the dollar Monday afternoon, according to MarketAxess, a sign that investors expect the bankrupt company’s bond holders will only get about half their money back. A week ago, the same batch of bonds issued by MF Global in August were trading at 88.5 […]

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MF Global Probed by Regulators

Federal regulators have discovered that hundreds of millions of dollars in customer money has gone missing from MF Global in recent days, prompting an investigation into the company’s operations as it filed for bankruptcy on Monday, according to several people briefed on the matter. The revelation of the missing money scuttled an 11th hour deal […]

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Man Indicted by U.S. in $200 Million Ponzi Scheme

A purported New Jersey real estate investor was charged in an indictment with leading a $200 million Ponzi scheme that initially targeted fellow Orthodox Jews. Eliyahu Weinstein, 36, was accused by a federal grand jury in Newark, New Jersey of using sham real estate deals to bilk investors — some of them while he was […]

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SEC Files Insider Trading Charges Against Rajat Gupta, Brings New Charges Against Raj Rajaratnam

On October 26, 2011, the Securities and Exchange Commission charged former McKinsey & Co. global head Rajat K. Gupta with insider trading for illegally tipping convicted hedge fund manager Raj Rajaratnam while serving on the boards of Goldman Sachs and Procter & Gamble (P&G). The SEC also filed new insider trading charges against Rajaratnam after […]

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