July 20, 2018

Jon Corzine

MF Global CFO Was Too Busy Trying to Save the Company to Be Bothered with Things Like Illegal Transfers of Customer Funds

Henri Steenkamp will not be going down for this: MF Global Holdings Ltd. […] Chief Financial Officer Henri Steenkamp plans to tell a House panel he had "limited knowledge" of money transfers during the securities firm's final days that led to an estimated $1.6 billion shortfall in customer funds. Mr. Steenkamp was "taken up with other […]

Today, in Regrettable CFO Emails

In his time at PwC, you'd think Henri would've received the "don't write anything in email that you wouldn't want the front page of the Wall Street Journal," training.  S&P provided the House Financial Services Subcommittee on Oversight and Investigations with an excerpt of the e-mail from MF Global CFO Henri Steenkamp. S&P also informed the […]

KPMG Knows Something Jon Corzine Doesn’t Know

Looks like somebody owes someone a BIG thank you: MF Global Holdings Ltd.’s U.K. administrator says it found all of the British unit’s segregated client funds and collected 82 percent of the money. Richard Heis, a KPMG LLP partner working on the administration, said the firm is trying to recover remaining customer assets, some of […]