MF Trustee Says Funds Shortfall May Have Widened, Times Two
By: 
Getty Images
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.
Questions? Comments? Email us atNetNet@cnbc.com
Follow NetNet on Twitter @ twitter.com/CNBCnetnet
Facebook us @ www.facebook.com/NetNetCNBC
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.
