Wednesday, February 1, 2012

MF Global Customer Funds Were Not "Vaporized" - Stanley Haar Takes WSJ to Task

by Stanley Haar

As a individual trader and CTA whose accounts are owed several million dollars by MFGI, I would like to express my shock and disappointment with front page article; I expected better from the WSJ. Your article gives the appearance of having been ghost written by Andrew Levander and/or the JP Morgan legal department. Among the key errors/omissions:
• Client money in segregated bank accounts was not "vaporized"; it was stolen via illegal transfers to support MF's

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