Wednesday, November 09, 2011

MFing Global

Just before bankruptcy, MF Global fraudulently conveyed client assets then gave bonuses to their staff.  A bankruptcy judge should undo the bonuses.  A criminal judge should put Jon Corzine in the penetentiary.

MF Global paid bonuses just hours before bankruptcy
Bonuses were paid to MF Global's UK staff just hours before the company filed for bankruptcy protection in New York.

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