MF Global Trustee Tracks Down $105B in Transactions

NY Post

James Giddens, the trustee overseeing the liquidation of MF Global, said on Monday his investigators have now traced most of the $105 billion in transactions made at the bankrupt securities firm in its final frantic week.

Three months after MF Global filed one of the largest bankruptcies in US history, officials are still scrambling to find some $1.2 billion in missing client funds.

In a report filed with the US Bankruptcy Court for the Southern District of New York, Giddens said his team has identified the parties that were the "immediate" recipients of transfers from MF Global. The report didn't say which companies received the money, but previous reports have indicated J.P. Morgan Chase was one of them.