MF Playing "Hide and Seek" With Missing Funds?

According to a Bloomberg article from Thursday afternoon, the $593 million shortfall in client money at MF Global appears to be the result of "a massive hide-and-seek ploy," according to Bart Chilton, a commissioner of the U.S. Commodity Trading Futures Commission. Needless to say, considering the source and the severity of these allegations, this is shocking news. Chilton said in an email statement that “This isn't just a lost and found inquiry; it's a full-on effort to get to the bottom of what appears to be a massive hide-and-seek ploy." The CFTC publicly announced on October 31 that it was opening an investigation into the MF Global bankruptcy and the missing funds. In his email statement, Chilton added that "It's a distinct possibility, some would say probability, that somebody has done something with the money, and that it's not going to be ‘all of a sudden discovered' with an innocent explanation. If that's the case, it's patently illegal. I don't know yet. Our investigation will uncover that, and we're aggressively pursuing this.” Wow... Just wow! I would not want to be in John Corzine's shoes right now.
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