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|User Info||MF Global: The SERIOUS Issues Reach Mainstream Media; entered at 2011-12-08 10:23:47|
Registered: 2009-10-12 UK
I am at a bit of a loss here. I thought that it was the law that you couldnt use customer funds as your own. If you are pledging those funds as collateral, that is a clear violation of the law isnt it?|
Arent those terms and conditions illegal?
It is laughable that Corzine says he knows nothing about what went on, it looks to me like the whole company was a heads I win tails you lose fraud of a company.
Why no prosecutions? Looks to be an easy case to prove for wrongdoing?
Why cant they get the collateral back of off those to whom it was pledged, they are after all in receipt of stolen assets?