James Giddens

2 Stories

Regulator: Corzine Knew About Client Cash Grab

Corzine disavows any knowledge of transfers

(Newser) - Jon Corzine disavowed all knowledge of MF Global's missing client funds in his latest Capitol Hill testimony yesterday, telling a Senate panel that he had "never directed anyone" to dip into customer funds. But soon after, the chairman of CME Group—MF Global's regulator—testified that Corzine...

MF Global's Missing Cash Doubles to $1.2B

And returning even 60% of client funds will clear out trustee

(Newser) - MF Global’s problems might be even bigger than advertised—as in twice as big. James Giddens, the trustee overseeing the case, says the company now appears to be short $1.2 billion in client funds—or twice the roughly $600 million previously believed, the Wall Street Journal reports. What’...

2 Stories
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