A probe of a JPMorgan Chase & Co. account that received almost $1.8 billion in inflows of cash in the month before MF Global Holdings Ltd.’s bankruptcy showed no evidence that brokerage customers’ money was being siphoned off, a trustee said.
The revised figure reflects growing concerns that the bankruptcy trustee cannot claw back $700 million in customer money trapped at MF Global's British arm.
Koch Industries Inc., the company run by billionaire brothers Charles and David Koch, was sued for $21.5 million by the trustee liquidating Bernard Madoff’s firm.
The revised figure reflects growing concerns that the bankruptcy trustee cannot claw back $700 million in customer money trapped at MF Global's British arm.
The bankruptcy trustee for MF Global says his CSI-like techniques have determined none of the missing $1.6 billion in customer cash is one of MF Global's account at J.P. Morgan, colleague Patrick Fitzgerald is reporting.