Relevant:
- CFTC: "MF Global Commodity Customers Must Be Paid First" (MFG BK Filing A Fraud)
- MF Global Trustee Conflicts Delay Investigation, Freeh Says
- U.S. judges OK JPMorgan $546 million settlement with MF Global trustee, customers
- MF Global's Missing Customer Money All Accounted For: Trustee
- MF Global May Not Be Able to Pay Clients Back: Trustee
2012-08-01 — huffingtonpost.com
The trustee overseeing the liquidation of failed futures brokerage MF Global's parent company expressed hope on Wednesday that customers who had faced an up to $1.6 billion shortfall in funds would eventually be returned all of their funds.
In prepared testimony before the Senate Agriculture Committee, Louis Freeh -- who is responsible for winding down the parent company, but is not leading efforts to recoup missing funds from the brokerage division -- said he is confident that "all of the customers of MF Global Inc eventually will be made whole."
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