No Criminal Case Is Likely in Loss at MF Global (where did $1 billion go?)

[Pepper]

DealBook New York Times:

 

 

No Criminal Case Is Likely in Loss at MF Global

 

BY AZAM AHMED AND BEN PROTESS

 

A criminal investigation into the collapse of the brokerage firm MF Global and the disappearance of about $1 billion in customer money is now heading into its final stage without charges expected against any top executives.

 

Mr. Corzine, in a bid to rebuild his image and engage his passion for trading, is weighing whether to start a hedge fund, according to people with knowledge of his plans. He is currently trading with his family's wealth.