MF Global customers to receive 100% repayment

Piggy Bank

The trustee overseeing the bankruptcy of MF Global says its customers are going to get paid back 100% of what they are owed by the boutique brokerage.

The New York Post reports that MF Global, which was led by former New Jersey Gov. Jon Corzine, collapsed in 2011 after a disastrous bet on European countries’ debt. When it fell, customer money was discovered to be missing and was later found to have been used to support the firm’s trading operations.

To access the complete New York Post article hit the link below:

Bankrupt MF Global to pay back customers $6.7B

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