According to the Wall Street Journal (2012, February 13), $1.6 billion has somehow disappeared from client accounts at MF Global -- "poof" -- the money is gone.
How MF Global managed to lose $1.6 billion in customer deposits is still a mystery. One has to wonder if similar cash losses could happen at other Wall Street firms...
Source: Cohen, M (2012, February 13), The Daily Docket: Missing MF Global Customer Money Totals $1.6B, Wall Street Journal Online.
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