missing money

6 Stories

MF Global's Missing Cash May Be Gone Forever

Corzine company's trades may have 'vaporized' more than $1B

(Newser) - As officials search for the remainder of missing MF Global cash—which one insider puts at more than $1 billion—some are starting to fear the worst. In the words of one source to the Wall Street Journal : A "significant amount" of the money could have "vaporized,"... More »

Jon Corzine's Company Missing $700M

Feds probe MF Global after today's bankruptcy

(Newser) - A financial firm headed by former New Jersey Governor Jon Corzine is missing about $700 million, federal investigators say. MF Global, which filed for bankruptcy today , was trying to sell part of itself to a brokerage firm when the shortfall was discovered. Regulators will likely pounce if MF Global used... More »

Jon, Kate Inch Closer to Divorce

Disputed money in trust for kids

(Newser) - Jon and Kate Gosselin are closer to each being minus a spouse. The reality TV pair has sorted out a money issue that was holding up their divorce, the New York Post reports. In June, Jon claimed Kate was hiding $80,000 in a secret trust. Turns out she was,... More »

Woman Tosses Mattress Stuffed With Mom's $1M

It was her mom's life savings

(Newser) - In hindsight, maybe the bank might've been a better idea: An Israeli woman dumped her mom's life savings when she decided to surprise her with a new mattress—and tossed the old one padded with nearly $1 million, CNN reports. City workers are helping the daughter search, and have... More »

Billions in US Funds Missing in Iraq

$9B lost to fraud and mismanagement by coalition authority

(Newser) - Following the invasion of Iraq, the US shipped $12 billion in “walking-around” money to Iraq's transitional government, the American-led Coalition Provisional Authority. An astonishing $9 billion has gone missing. Funds "entered a free-for-all where anyone with fingers could take it" as the "Coalition of the Willing turned... More »

Bingo! 500G Missing in Charity Game

Ex manager says she was ordered to skim money from town bingo

(Newser) - As much as half a million dollars is missing from Long Island town bingo game operated three times a week by a charity for the disabled, Newsday reports. An investigation was launched after two charity workers accused each other of skimming $10,000 from the games. That's when investigators discovered... More »

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