FBI Probe Casts Criminal Shadow Over MF Global Execs

Law360, New York (November 1, 2011, 9:12 PM EDT) -- With the FBI said to be investigating failed derivatives trading house MF Global Holdings Ltd. over its reported commingling of client and company money, executives could potentially be facing jail time even if all of the missing $700 million in client cash is now accounted for, attorneys say.

An unnamed MF Global executive reportedly told federal regulators in a Monday phone call that the broker-dealer headed by former New Jersey Gov. Jon Corzine had used customer accounts in violation of securities law, according to the Associated...
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