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Economy
MF Global Trustee Says Shortfall Could Exceed $1.2 Billion
2011-11-22
h/t Instapundit
The court-appointed trustee overseeing the liquidation of MF GlobalÂ’s brokerage now estimates that the shortfall in the firmÂ’s customer funds could be more than $1.2 billion, double previous estimates.

Regulators currently suspect that MF Global improperly used customer money for its own purposes in the days before filing for Chapter 11 protection, according to people briefed on the matter.
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