Some Had Foreknowledge of MF Global Collapse

A pair of articles provides some disturbing revelations that strongly imply that some inside MF Global -- and some of their likely "friends" -- knew what was coming. First in the Huffington Post:

... perhaps the most stunning piece of news we're getting in the wake of the MF Global collapse is in the clients of the firm who managed to get away scot-free, with no freezing of accounts or capital -- particularly the accounts of the mega-cap independent oil company Koch Industries, run by the politically active Koch brothers.

A recent report in Reuters has described the billions of dollars of client accounts that were withdrawn from MF Global in the last few weeks before their collapse, including 8 accounts from Koch industries engaged in oil trade that were transferred to Mizuho Securities after years of a steady and profitable relationship with MF.

... And what do the Koch brothers say was the reason for these withdrawals? There's been no comment.

No comment indeed.

Fox Business also has some revelations:

FOX Business has learned that at least two former MF Global brokers have approached lawyers telling them that they stopped getting paid commissions for their work; they didn't receive commissions for the third quarter.

These same employees say that they were fired two weeks before the firm filed for bankruptcy.

Oh, and by the way, all the money's still missing.