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MF Trustee Says Funds Shortfall May Have Widened, Times Two

MF Global
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MF Global

James Giddens said in a statement Monday that he would seek bankruptcy court approval to distribute “all the property under [his] control.” Unfortunately, that’s less than what people expected it to be. Much less.

The trustee had been trying to solve the case of the missing customer segregated funds shortfall, seeking a sum of some $600 million. Now Giddens says that total may be as high as $1.2 billion as the chase comes up quite short.

See the statement here.

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