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Friday
Feb102012

MF Global Trustee: At Least $1.6 Billion Missing

Stephen Yang/Bloomberg via Getty Images(NEW YORK) -- Even more money is now thought to be missing from the firm run by former New Jersey Gov. Jon Corzine.

The trustee overseeing MF Global's liquidation found another $400 million missing from customer accounts, bringing the total to at least $1.6 billion.

Trustee James Giddens made clear the money is unlikely to be paid back any time soon.  And he said the amount could change again as he continues to sort through the bankrupt firm.

Copyright 2012 ABC News Radio







ABC News Radio