Since the collapse of MF Global, one of the acute questions is what happened to $1.2 billion in funds. Experts have been looking for the money for at least two months. Some expected to find it in accounts in Europe. Others believe that forensic accountants could uncover it.
But, now some of those charged with recouping the money admit it could be gone forever, which will deepen a mystery that won’t be solved
The WSJ reports
As the sprawling probe that includes regulators, criminal and congressional investigators, and court-appointed trustees grinds on, the findings so far suggest that a “significant amount” of the money could have “vaporized” as a result of chaotic trading at MF Global during the week before the company’s Oct. 31 bankruptcy filing, said a person close to the investigation.
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