MF Global Criminal Charges Unlikely (Reuters)

End of criminal investigation would clear the way for civil charges.

Government prosecutors’ investigations of the collapse of MF Global are drawing to a close, and it’s unlikely that criminal charges will be filed, Reuters reports, clearing the way for regulatory agencies to bring civil cases.

MF Global collapsed in October 2011. The commodities brokerage filed for bankruptcy and customers lost an estimated $1.6 billion.

Prosecutors met with MF Global’s former CEO, Jon Corzine, recently. Edith O’Brien, MF Global’s assistant treasurer, is still seeking immunity from prosecution and has yet to speak to investigators.

 

See the full story here.

 

 

 

Comments

Advertisement. Closing in 15 seconds.